Cup and Handle formation in Silver (SLV)

Silver-Scottsdale

Classic cup and handles formation in the iShares Silver Trust (SLV). What could go wrong?

With Bernanke on the job for at least another 4 more years, QE to infinity is intact - which means inflation hedges like Silver will be money in the bank for investors.

Silver - Large Pic w Bars

Silver is finding support at the 200 day Moving Average. Time to back up the truck.

We've been pimping silver since $27, and we were dead on.

Travolta

Silver has been dropping faster than John Travolta's pants at the local massage parlor. Here are 3 silver mining stocks that are nearing support.

They are First Majestic Silver (AG), Endeavour Silver (EXK) and MAG Silver Corp (MVG).

First lets take a look at the iShares Silver Trust (SLV) Chart.

Silver About to Shine (SLV, AGQ)

Silverbars.jpg

Silver has cooled off and it is looking cheap.  This dip is a great opportunity to load up on Silver while it lasts at this price.

Here's why it is time for the metal to shine again soon.    

Liam Neeson - The Grey (1)

Tape some booze bottles to your hands, break them and get down with our Covered Call Picks for March 1st. 

What's a Covered Call?

The covered call is a strategy where an investor writes a call option contract (sells an option) while at the same time owning an equivalent number of shares of the underlying stock.If this stock is purchased simultaneously with writing the call contract, the strategy is commonly referred to as a buy-write.

While you may have heard that trading options is risky business, covered calls are actually a very conservative strategy, and most brokerages even allow retirement IRA accounts to write covered calls.

Checking in on Silver again

Silver Update February

The Masters love it when a plan comes together. Check out how our 2012 Prediction for Silver (SLV) has panned out so far.

Back in December, we posted this chart of our prediction for Silver. The chart in black is our original from December 2011. The green chart is where the SLV is at today, with some minor adjustments to the head and shoulders pattern that we predicted.

Where is Silver going from here?

Silver - Large Pic w Bars

Silver has been white hot in January.  It needs to cool off first, but Silver is setting to explode upwards in February - be prepared for an exciting move!

February is set to be another excellent month for Silver bulls.  However, it has run too far, too fast, and needs to cool off before making the next run up. 

Checking in on Silver

Silver-2012-Update.png

Now that we're a little bit into 2012, let's check in on our 2012 prediction for Silver (SLV).

Here is the original chart from our 2012 silver prediction in black. The chart in blue is the most recent Silver chart.

Silver finds support at $26 (SLV, AGQ)

Silver 2012

Silver may be bottoming out. Here is our 2012 prediction for SLV.

Keep in mind, this is our extremely bullish prediction. If SLV doesn't hold the current $26 level all bets are off.

Cattle_herd[1].jpg

I expect to get a lot of hate mail from this article. Why? Because of Herd Mentality. More on that later.

If you're reading this, I'm going to assume that you know all of the reasons why everyone's so bullish on Silver.