Eoin personal portfolio stop tightened on commodity lond
Comment of the Day

June 19 2014

Commentary by Eoin Treacy

Eoin personal portfolio stop tightened on commodity lond

Eoin Treacy's view

Generally speaking when silver moves a full $1 in a single day it is a signal that the market is getting somewhat overheated. Considering how low prices remain, despite this week’s impressive move, I am reluctant to come to that conclusion on this occasion. However, I raised a breakeven stop to in-the-money today because silver is now testing the region of the 200-day MA, having completely unwound its oversold condition, and there is a risk of some consolidation. 

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