Thanks to the great response from around the world on the quiz and quality thoughts. Most were puzzled by what it was and thought I might have done a trick to a chart (have ever done that before?) See quiz and answers below.
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Below is the answer to the quiz. This chart was created two days ago, at the time of the quiz.
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Silver “stock” ETF SIL is up against key resistance, even though Silver & SLV have broken above a 90-day sideways channel, not the best of signs for some of the silver mining stocks!!!! In 2008, gold did very well and gold stocks fell off the table.
With Silver still testing the 61% fib retracement level (see fib level here), if long Silver shares SIL or Silver mining stocks at the moment, one might want to be fairly cautious!
If anyone wonders why I wanted to show the risk of the miners up here, (this quiz was created 2 days ago) look at the action of SIL/SLW today…
JB…Good question. Yes I am still bullish Silver. Was attempting to make the point that Silver stocks were still within their channel. A good sign would be for SIL to breakout as SLV did a week ago. Keep in mind in 2008 gold did well and gold stocks tanked. They are different animals!
Was just curious if you were still bullish on the metal itself (SLV) in light of the action in the miners. thanks