I had said to a friend on September 23 Silver to 17. Ovals indicate strong buys, so I am interested in a long position in the 18.5 to 19 region; however, if Silver doesn't hold 18.5 now then it's going to 17 and then I will have been right. I really like it today though. Today's price is a good price for silver, gold too.
If Silver goes to 17 then it will likely...
I've seen some prognostications in the gold chat over the past day about silver so I put this chart together. Silver needs to move up off of the trendline support to make a convincing case for bulls. On the 1hr and 4hr charts (not shown), the the candles need to regain the 15, 20, and 50 DMAs and use them as support. If silver ends today in the green, then I would...
Gold has developed a multiple, nested descending triangles since the beginning of August. The first pattern between mid-August and mid-September had a positive breakout but then dead-ended in a second descending triangle pattern with the same start and extending through the end of last week. The resulting breakdown this week clearly shows that the two smaller...
