We tried jumping into ZSL this past September as gold and silver seemed to be getting ahead of themselves. Gold and Silver both continued higher and our stops kicked in. ZSL drifted lower to 3.66 on December 2, 2009.
Since this low , ZSL has drifted higher, but is now making a correction of the latest trading action. It’s not clear if the 3.66 low will hold at this moment, but the fact the MACD is not reading complete after todays low of 3.81, doesn’t leave much room left on the downside for support. A look at this 5 minute trading time frame chart shows an incomplete move to the downside.
