Friday, October 28, 2011
Wednesday, October 26, 2011
Now We're Cookin' [tfmetalsreport.com Tuesday, October 25, 2011 at 9:49 pm]
Silver wants to tag along and I want to get excited about it. But I can't. Not yet. I have a last in the Dec11 silver contract of $33.21. This is great. This is wonderful. But this is only a start. Silver must trade through and close above $33.58 before we can get excited. Until then, it is still rangebound. At the top of the range, yes. But still rangebound. IF it can get through 33.58, the stage is set for a continued rally, back through 36, all the way to 37 and beyond. Maybe even $39. It will be possible to make quite of bit of fiat trading a rally from 34 to 39. Be patient. Don't act in haste. Let's see what tomorrow brings.
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Tuesday, October 25, 2011
Silver Market Update [originally published October 23rd, 2011 Clive Maund]
Over the past week silver has behaved as predicted in the last update, breaking down from its potential Pennant pattern and dropping gently back towards support in the $29 - $30 area, to enter our "accumulation zone" shown on its 4-month chart which turned it higher on Friday, and while the pattern could still be a bear Pennant with an amended lower boundary this is looking considerably less likely - it looks like the Pennant has aborted. It is thus thought that we are late in the base building process
Read more @ ORIGINAL SOURCE
Monday, October 24, 2011
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