Silver Bullet…

Posted by Chris Kimble on 09/29/2010 at 7:37 am; This entry is filed under Copper, gold, silver.

I enjoy using patterns, as a tool to help inflate portfolios, regardless of market direction.  Pattern breakouts can be fun and fast!!!

Wanted to update how Silver is doing a  month after the “Hi Yo Silver and away we go” post (see here) and compare it to a couple of other popular metals.

Breakout has been nice…continues to reflect the Power of the Pattern and how they can help us.  Put a  stop in 4% below current prices to protect gains, for the short-term.   So few Dollar Bulls does have me concerned right now!!!

 

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3 Comments

  1. GM September 29th, 2010 at 10:15 am

    Do you ever publish all of the positions you suggest to hold?

  2. Scott A. September 29th, 2010 at 10:19 am

    Chris: with the “clownbuck” (thank you Idol79!) now down below 79 and a bullish wedge underway, what do you believe has to happen before backing up the truck on UUP?

  3. Chris Kimble September 29th, 2010 at 10:34 am

    Scott,
    I would pick up UUP on an upside break of the wedge. Wedges are wrong 35% of the time and if the bottom of the wedge gives way, Euro heads higher!
    Not my favorite falling wedge on the dollar at this time.