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XAGEUR

Silver Priced In EurosI'm currently traveling through Europe, doing a tour of Germany, France and Spain. Being the Gold and Silver bug that I am, I like to check the price charts in the currency I'm using. Even priced in Euros, Silver is painting a deathly head and shoulders pattern, probing critical support. Even in Euros, the measured move projects down to below the 2008 low of 6.77. I buy physical Gold and Silver more out of habit and as device of money management. But I will continue to hedge any purchases - the picture does not look pretty, even in Euros.
OANDA:XAGEURShort
by TheRealPeaches
XAGEUR: Buy the dips if your local currency is the EuroI'd highly reccomend investing in Silver, if your local currency is the Euro. You can take a longer term position here, risking 5% of your capital without a stop loss, or take a more 'swing' style trade, with a stop loss under 16.39. Upside is considerable, specially factoring in a potential USD rate hike that might destabilize all currencies, potentially resuming the monthly downtrend in the Euro, which fundamentals warrant. Good luck! Cheers, Ivan Labrie.
FX_IDC:XAGEURLong
by IvanLabrie
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