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Is Silver a Monstrous Sale? Our Indicator May Have the Answer

June 13 2011, 08:08

FMX Connect- WWW.FMXConnect.com (Reported on 6/13/2011)

Is Silver a Monstrous Sale? Our Indicator May Have the Answer

Our Bollinger Band/ Implied Vol indicator is telling us that Silver is getting ready to pick a decisive direction in the next 72 hours. This rare but highly accurate proprietary indicator is what led us to call for Gold to $1550 in 8 weeks.

Simply put:

· If the daily Bollinger Bands widens in OPPOSITE directions, you are to go with the direction of the midline (red 20 day MA in chart).

· If the above happens, your stop out is the 20 day Moving Average

· It is not worth predicting which way the market will go, and it is best to let the indicator tell the tale.

· The 100 day MA is right here (blue line) and the 50 day is the green line above.

For our part we are buying hedged 40-delta silver calls in our personal accounts for multiple reasons now. We lean toward the bearish side, but are non-committal and thus are using options.

Secondarily we will put on a futures position on a decisive break in the pattern.

If you wish you learn more contact us.

To view our exchange reports and articles on your PDA or mobile device, click here.

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