Saturday, November 9, 2013

Silver On the Mend?

This is a really fascinating chart put together by Morris Hubbartt.What a perfect flag pole formation. Look how the waterfall decline bounces right off the long term support in the $20 area. Technical indicators are showing a reversal of direction.

If we stay in the current channel and can punch through the $25 area, it looks like we will have a solid breakout of this 2 year correction starting in January. I know my heart could definitely use the reprieve.

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