The Dollar Takes the Shine Off Silver
The stronger dollar is wreaking havoc on the commodities markets. It didn't seem all that long ago that Uncle Buck was treated more like the John Candy character in the movie of the same name, rather than someone we welcomed into our portfolios. The most troublesome damage in my eyes is in the iShares Silver Trust (SLV). The weekly chart here is downright frightening.SLV Weekly StockCharts.com View Chart » View in New Window »
First, the good news: SLV hasn't broken price support yet on the weekly chart. The accumulation/distribution part of the chart doesn't show a complete breakdown yet either. Unfortunately, that is where the good news ends....329 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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