Thursday, December 6, 2012

12/6 - SLW update

Silver Wheaton bears attempted an attack on the recent low of $34.71 but the level held and SLW is now in process of recapturing the green support trendline (see chart). I expect the coming bounce in SLW to reach the red upward trending resistance level near $39. Thereafter, I anticipate that SLW will fall to the $32 level (along with the Silver decline projected to bottom near $28.50).

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