The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
I'm picking up some sharp voodoo type volume action in the Sprott Physical Silver Trust (PSLV) from Friday as it tracks tightly along its 10-dma and 20-dema. Volume is running at about -5% below average today which may indicate supporting action at the two moving averages on this morning's gap-down open. The idea would then be to use the two moving averages as a tight selling guide. Note also that Bitcoin is moving higher as the Grayscale Bitcoin Trust (GBTC) forges new 52-week highs. Will it drag the metals up with it at some point?
VoSI VooDoo(TM) Report - Sprott Physical Silver Trust (PSLV)
|Published:||16 Nov 2020 12:13 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2023 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.