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$SLV is acting strangely again. A warning flag came up in my model that the trend might be breaking down in this ETF BUT it sure looked that way back in July 2009 as well. Then it broke below the channel but stopped at the 50 week moving average. This time it poked and closed below the 50 week moving average.
Is $SLV tricking us again? What do you think? If you leave a comment, I'll reveal my answer...