Silver Charting and Silver TA Chat

I say down, break formation and then up as it goes sideways.

5568_svrapr13.png
 
1199_posd.jpg



Yes wrcmad, it's a waiting game now.... data is coming out and should weight on commodity prices very soon. Should be interesting.



Chinese manufacturing shows April slump, raising fears about economy

THE preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, fell to 50.5 in April, compared with a final reading of 51.6 in March, HSBC Holdings PLC said today.

A reading above 50 indicates expansion from the previous month, while a reading below 50 indicates contraction.

http://www.theaustralian.com.au/bus...rs-about-economy/story-e6frg926-1226627009779



cheers


Trader10 :)
 
N17 said:
Wow, silver has taken a dive in the last 20 minutes
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BTFD :LOL: :D ... or not... last 2 times it was down here it rocketed back up, think we got a case of jumping the gun/boy who cried wolf
 
Ha ha, - so simple, i was tying to work it out- thinking buy today fracking d- head, buy today free delvery!
 
Thatguy, Do you watch gold when you make these types of trades? What I mean is do you find one will lag or is there little correlation.
 
Marsi said:
Thatguy, Do you watch gold when you make these types of trades? What I mean is do you find one will lag or is there little correlation.
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yeah I watch the GSR... gold @ 1450ish struggled a bit. Looks a bit to much like a run the stops before heading down

STFR
 
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