Silver Investors Shock and Horror, Where Next?

Silver newbies discovered to their shock and horror last week that silver can actually go down as well as up, and even worse, that it drops a lot faster than it goes up. We were partly fooled ourselves last week by the seemingly bullish COT figures, but not to the extent that it stopped us implementing protection in the form of Puts, or Calls in silver bear ETFs such as ZSL.

After last week's devastating plunge the silver battlefield is littered with the corpses of silver longs, with those who are still breathing being exhorted to "put their shoulder to the wheel" again by undismayed silver cheerleaders, who are hailing a "fantastic buying opportunity" for the ride of a lifetime. Is it?? - let's see what the charts have to say...

http://www.marketoracle.co.uk/Article28016.html