Monday, December 6, 2010

Freakin' bubble

Silver is starting to look like a freakin' bubble.

See for yourself the chart that doubled since February/2010:











I believe this uptrend is about to give up and correct during some time. Tomorrow may mark the next top for silver, although I don't see clear negative divergences, neither exhaustion (but still in overbought zone).

Maybe it's time to start thinking on collect from this market, before going short (with careful!).


No comments: