11.06.2012 - Silver oversold but outlook still bullish
Now let me touch on the short term price action. I’ve been very clear in my daily posts when speaking about silver, but to reiterate: as long as silver futures stay above $28/ounce I remain friendly. On the upside, once prices clear $29.50 I’m anticipating a trade closer to $32. I like the idea of futures for those with the capital and stomach. Also I’ve devised an options strategy that I think is perfect for those that are fairly bullish out until the end of the year thinking we have little downside...............................................Full Article: Source
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