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Bullboard - Stock Discussion Forum ProShares Ultra Silver AGQ

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Silver SubindexSM. The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the... see more

ARCA:AGQ - Post Discussion

ProShares Ultra Silver > $37 Silver coming next
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Post by Stocksncharts on Dec 18, 2011 12:41pm

$37 Silver coming next

Silver declined as expected, and the triangle support was tested last week. The Silver chart is quite bullish now for a move to $37. The safe haven trade is about to heat up again.

There may be another chance to accumulate in the $45.00 area, but the next target for AGQ would be $70.00.

https://cyclicalmarketanalysis.blogspot.com/2011/12/silver-bullish-triangle.html
Comment by Stocksncharts on Jan 02, 2012 2:09pm
Silver hit a major trendline support last week.  The bottom is likely in place, and while Silver may start with a gradual rise, it is anticipated to finish in parabolic fashion.   Next Silver target $37. https://cyclicalmarketanalysis.blogspot.com/
Comment by Stocksncharts on Jan 28, 2012 7:04am
Silver is currently trading with striking similarity to early 2011. The identical sized timing and price boxes are matching up well with the current Silver market. There is perfect geometry using the price and timing boxes with an indicated target at $37. On Monday January 30th, or Tuesday at the latest, Silver should start to dip hard short term even if it rises slightly first. Overall ...more