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>We usually like to share a .gif file or two to explain how we derive our
>opinions. Care to share what you've used to arrive at yours?
>
>Where do you see silver from here, and why?
>
>Mark Scheier
Mark,
Unfortunately, I don't see any clear trading indication on silver at the
present moment, so I wouldn't venture a strong opinion.
As I mentioned, I only take a trade when I see a very clear picture.
A market where everything lines up for me is in the Sept. British Pound.
I have the following downside targets:
Short term: 15798
Medium term: 15764
Long term: 15670
I'm currently short from 16018, and will add on a break of 15910.
I'll also exit the position at 15802, then look to re-enter short on a
bounce back to 15858.
All of these targets are 100% derived from the methods I've previously
outlined, and are based entirely on actual swing lows and highs since Apr.
29 (for the long term objective) and since June 9 (for the short and
intermediate term objectives).
Warren
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