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Silver Markets Decline Daily Technical Analysis (SLV) (AGQ)

Date: 6/23/2011


Silver Markets Decline Daily Technical Analysis (SLV) (AGQ) 6/23/2011.Silver Market Commentary 6/23/2011 (AGQ) Ultra Silver Technical Analysis. SMF talks about the outlook for gold and silver prices. Video for people looking to Buy silver, gold bullion bars, coins. Cash or Gold Bullion? Ben Bernanke Deliberately Destroying Dollar. How Obama could confiscate your gold and silver. Opportunity in Gold and Silver Investment. Is he Preparing Americans for Hyperinflation?

Are Silver & Gold The Ultimate investment for capital preservation? Hedge against financial stress Silver, like all precious metals, may be used as a hedge against inflation. iShares Silver Trust (SLV) has been a very active issue in the ETF Market. According to Marc Faber, The Total Financial Collapse of America is Here.

The precious metals are still at risk to profit taking as we enter the summer months and we're seeing a strong reversal in the US Dollar. Some predict $50 silver, $100 silver, even as high as $1500oz. Why Silver Investment? Many retail investors have been tuning into Max Keiser who says "buy silver" "bankrupt JP Morgan". Silver and gold are the only monetary units worth considering.

That is why Silver and Gold are a manipulated market - to give the appearance of confidence in fiat currencies, not precious metals.Peter Schiff, Gerald Celente, George Soros, Jim Rodgers and such respected commentators have all indicated gold and silver are the investments to make in 2011. The first 1980 top of around $50 resulted from the Hunt brothers' unsuccessful attempt to corner the world silver market. Thanks to Ben Bernanke and the US Federal Reserve with QE2 and quantative easing.

JP Morgan has been rumored to be shorting silver naked, depressing prices.ProShares Ultra Silver (ETF) (NYSE) ETF in Focus: SLV & AGQ. Related silver trading instruments (SLV, PSLV, AGQ, DBS, ZSL, GLD, IAU, PPLT, PALL) Considering that the Federal Reserve's second round of quantitative easing (QE2) is slated to end, it's easy to see why traders are feeling a bit anxious about market prices and commodity prices.

June 23, 2011 -- morning precious metal report
At 8AM (CT) the APMEX precious metal prices were:
Gold price -- $1,524.80 (down $29.00 on the day)
Silver price -- $35.55 (down $1.28)
Platinum price -- $1,707.60 (down $45.80)
Palladium price -- $747.30 (down $25.40)