Silver Över Kritiskt Motstånd Och Ångar högre!

Då slog silver igenom sitt första tak. Nu står bara några viktiga linjer kvar innan det blir åka av på riktigt och då kommer det att gå snabbt!

Läs Chris Duane’s inlägg på nedan. Läs sedan Trader Dan och Silver Doctors.

Fråga dig sedan: VAD VÄNTAR JAG PÅ?


All Most There…

Despite the nice pop in silver today up +.51, hold on to the bubbly.  We need to get above $30.61 to get the party started and bring out the silver rockets.  The reason I say $30.61 because that is the 200 DMA and the point that breaks out of the 16 month cup and handle formation.  I feel we have until next month until the real fireworks start.  And unfortunately you are probably not going to like the kind of fireworks you are going to see, let me explain…

Based purely on technical factors, it should try to make a run at $29 where heavier supply awaits. That stands between it and a handle of “30” which will most certainly catch the attention of the momentum crowd.

Take a look at the shorter term moving averages (not labelled). These are the 10 day and 20 day respectively. Notice that late last week BOTH MOVING AVERAGES crossed above the longer term 50 day moving average. This has not been the case since the middle of March of this year! Also notice that both of those are now trending in an upward direction as they pick up the upward shift in momentum.

If you don’t have at least 80% of the silver you plan to own this year and you’ve been waiting for a pull-back to add to your stack, do consider acting now for at least some of those purchases.  Silver is trading like a volcano ready to blow.  I think the sub-$26 level is history and soon, sub-$30 will be history as well.  It’s managed retreat time.

Postad som ett bidrag om bästa låt för “Freegold” på FOFOA

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