Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Upside Continuation in Silver


Upside Continuation in Silver
By Mike Paulenoff, www.MPTrader.com

All my near-term technical and pattern work on the iShares Silver Trust ETF (AMEX: SLV) argues for upside continuation that tests key near-term resistance at 10.00/30. If that area happens to be hurdled, I will get signals that point the SLV to 12.00 thereafter. Why? Perhaps what we are seeing is a technical representation of the reaction of the "precious" metals complex to VERY low interest rates (typically a bullish environment for commodities), coupled with the massive liquidity injections that could kindle expectations of monetary inflation translating into eventual "goods" inflation. Be that as it may, as we speak the near-term technical set-up in the SLV is improving rapidly.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!