August 17, 2017

Short-Term High-Probability, Mean-Reversion Indicator – Silver (SLV) Hits Another Short-Term Extreme

The last time Silver hit a short-term "very overbought" extreme, I called for a short-term reprieve in SLV and the High Probability, Mean-Reversion strategy made 19.8 % on the trade (you can check out the trade at my third-party monitoring service here). If the Silver ETF opens up tomorrow I will be making the same call so paid subscribers stay tuned for the potential for a real-time trade alert. As for the rest of the market, well, it seems as though everyone is anxiously waiting for Bernanke & friends to release some type of catalyst over the next two days. I expect to see the market move into the summer doldrums for various reasons immediately following (if not before) Bernanke's first press conference on Wednesday. Gold (GLD), … [Read more...]