Thursday, April 27, 2006


Here is a 15 minute bar chart showing pit and electronic trading in May silver futures. I last commented on this chart here.

I have decided to give up on my 135o target in light of the market's sharp drop after taking a peek above 1300 today. I think that silver is now headed down to 920 or so, the 2 5/8 multiple of the 351 low in 1991.

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