Wednesday, September 21, 2011

Silver Update: Holding

BrotherJohnF remains short term bearish in his latest silver update based on TA and the MACD, but we all know how fast Benny's inkjet (or helicopter or twister) can make TA irrelevant.

IF The Bernank dissapoints at 2:15pm, then we'll get a decent sale in silver (and gold and AAPL, and everything else).  If The Bernank exceeds expectations (which are roughly $300-$500 Billion) then you can kiss goodbye the bearish TA.