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I'd just like to say it's nice to see silver holding past $33.
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02-29-2012, 12:04 AM
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dabibibff
Join Date
Oct 2005
Posts
342
Senior Member
It seemed to be stuck in the $33 to $34 zone for quite some time. Nice to see it at $36.
Today is a key day.
SI just broke the 200 conclusively, and came off an inverse
shoulder pattern, 34 was key support just short of the 200,
today was day 3 on 200 SMA and we got this pop, lots of buy stops
being hit. GC is in nomans land right here, that is what to follow, it did
not do much today the way SI stands out. SI will follow GC.
GC looks like it will pop like SI, look at the chart, 1800, SI will follow.
I predict GC will reach previous high plus or minis 20 to 40,
SI will suck in longs to burn, they will drop GC. These are
dangerous trades if you are planning to trade this, especially SI.
Watching closely at that level my opinion may change.
It's a very strong +ve chart.
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&yr=1&mn=0&dy=0&id=p42106480801
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=0&dy=0&id=p42106480801
Some of my analysis.
One year high.
Capping Silver, Massive Volume Price Drops
One year low.
Gold Break Down on Pennant Formed Dec 28 2011
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