Above are two chart of both the Silver and 20 year bond etf. Both of these instruments have been on the spotlight recently.
20 year bond ETF (TLT): This is an interesting instrument that is currently in hibernation mode and could easily go either way, price is in a typical sideways action as both buyers and sellers have balanced demand and supply. Recent volume though indicated differently, the spike in volume tells us to get prepared as this thing is close to its boiling point and could blow in either direction. Emotions have been soaring sky high recently, traders have been getting emotional and volatility usually provide signs to a reversal. I am looking at this box if price holds above then am bullish if holds below then am bearish, KISS (keep it simple stupid).
Silver: Silver has been in the spotlight recently and has been making headlines as a good investing opportunity instead of gold. Is it over or under hyped? The only indicator that could give us a clue is PRICE as explained on the chart. My analysis is never a prediction their just thoughts, I could be wrong and if I were to be wrong then I would trade the other side without hesitation. Always build scenarious and never develop and opinion as it leads to sloppy trading.
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