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Silver To Settle In The $28.00 Range?
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<p>[QUOTE="petp, post: 1185852, member: 31082"]historically silver tends to hover around its 200dma...which right now is ~28. given the crazy run its had this past year, i wouldnt be surprised to see it over-correct to the downside...$20?</p><p>ive made my money for now, and given the number of big events we have coming up this summer (debt ceiling, QE2, europe possibly defaulting) im staying on the sidelines and will reevaluate after all this passes.[/QUOTE]</p><p><br /></p>
[QUOTE="petp, post: 1185852, member: 31082"]historically silver tends to hover around its 200dma...which right now is ~28. given the crazy run its had this past year, i wouldnt be surprised to see it over-correct to the downside...$20? ive made my money for now, and given the number of big events we have coming up this summer (debt ceiling, QE2, europe possibly defaulting) im staying on the sidelines and will reevaluate after all this passes.[/QUOTE]
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