Today we launch a new addition to Silver Insights, a weblog!
This section will be notes and snippets of commentary about the silver market on a semi-daily schedule.
Longer, more coherent commentary will be posted at times on
www.Silverinsights.com as time allows.
Today, silver is still weak (13.23 +.01) on any strength compared to gold, which implies further downside may yet be to come, amazingly so. Even so, I am attempting to buy call options on the major gold stocks as they will be the first to move on any strength, then will follow with purchases of secondary silver stocks once a bottom has been confirmed. Technically the trend is still down, way oversold, trying to cross on the MACD but fear remains dominant. Really volatile… Bottom picking is a dangerous business!
This is really going to be a wonderful and informative blog on silver. Thank you for creating it!
Comment by Mary H. — August 21, 2008 @ 12:00 am