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Bullboard - Stock Discussion Forum Global X Silver Miners ETF SIL

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Silver Miners Total Return Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in... see more

ARCA:SIL - Post Discussion

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Post by dragshot on Apr 03, 2018 8:38am

Still a dog

Downtrend well into its second year and not a single one of my long indicators is positive.  The stars are aligning so to speak in preparation for October as most Canadian indices are folding albeit slowly and the DJIA is feeling pretty tired.  If you're not a day trader, I would recommend cashing out if you haven't already.
Comment by dragshot on Oct 06, 2018 9:43pm
Update:  SIL has really taken a beating since my April post.  I'm still bearish on silver miners as October's witching hour approaches.  Also TTMT has recently broken down through major support which does not bode well especially for those weaker indices associated with the Materials and Mining sector.  Steer clear of the miners a little longer.
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