Saturday, June 4, 2011
Friday, June 3, 2011
Embry - Silver’s Drop is JP Morgan Trying to Protect Their Ass [June 3, 2011 King World News]
When asked about the recent downdraft in the metals Embry stated, “I think it just smacks of desperation. There is no reason silver should drop over a dollar in the access market on Wednesday, I mean that’s just JP Morgan trying to protect their ass as far as I’m concerned.
So this will run its course, and I noticed Turk said in his (KWN) blog that it could get down to $35 and I have no problem with that, I mean it’s just all noise here. It (silver) is just rebuilding its base for the next move, and the next move I think is going to be huge in both silver and gold. I think silver will easily take out $50 and gold will probably hit Sinclair’s long awaited $1,650 and go right through it like a hot knife through butter.”
When asked if this could be a big summer for gold and silver Embry replied, “Without question. One of the reasons I think so, aside from the obvious fundamentals which are screaming that people should be buying gold and silver, the other aspect is the remarkably negative sentiment. It’s shocking actually, considering what’s going on...
Read the full article HERE
Wednesday, June 1, 2011
Gold & Silver: Dance of the Bulls. Part 3 [By Gary Wagner] May 31 2011 9:01AM
This commentary will attempt to provide specific price targets for both gold and silver. We will combine both Elliott wave forecasting techniques combined with Fibonacci extensions to guide us to our conclusions and price projections.
As you can see from the chart below (figure 2), a daily chart in Japanese average (Heiken Ashi) format silver did find support and a bottom. The $32.52 price point for silver was a 50% Fibonacci retracement and also about equal a 76% retracement of this last rally. The chart below also shows we now have confirmation with the MACD technical study. The fact that the individual average candles have turned green signals a return of our bullish trend. Although we are clearly at a potential resistance point (the 50% retracement of this most recent rally), my long-term view remains bullish.
READ MORE @ ORIGINAL SOURCE
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