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Silver Market Update - Some Encouraging Signs
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Silver Market Update - Some Encouraging Signs
by Country » Tue Jan 25, 2011 9:40 pm
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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Country - Realcent Moderator
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Re: Silver Market Update - Some Encouraging Signs
by Country » Wed Jan 26, 2011 4:38 pm
Nice positive reversal off of the $26.68 level for SILVER. 
Currently SILVER is at $27.61... Definitely, SILVER was OVERSOLD.
Currently SILVER is at $27.61... Definitely, SILVER was OVERSOLD.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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Country - Realcent Moderator
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Re: Silver Market Update - Some Encouraging Signs
by fb101 » Wed Jan 26, 2011 6:59 pm
with the 200 day MA running about 22 or so, silver has risk to about 20.
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fb101 - Too Busy Posting to Hoard Anything Else
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Re: Silver Market Update - Some Encouraging Signs
by blackrabbit » Wed Jan 26, 2011 9:15 pm
I was hoping for some more dip to go with some chips I am looking to get tomorrow, damn all you silver bulls! 
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
-Thomas Jefferson
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blackrabbit - Post Hoarder
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Re: Silver Market Update - Some Encouraging Signs
by DeanStockwell » Fri Jan 28, 2011 5:18 pm
rsi up to 47, we're now neutral.
this big rally today could set us up to break resistance of ~27.50(20 day MA).
most likely though we will rally up to that resistance and then have another 10% correction --
it looks like this 6 month rally for silver is coming to a close. It'd be very easy to fall back down to low 20's territory.
this big rally today could set us up to break resistance of ~27.50(20 day MA).
most likely though we will rally up to that resistance and then have another 10% correction --
it looks like this 6 month rally for silver is coming to a close. It'd be very easy to fall back down to low 20's territory.
Most people do not consider dawn to be an attractive experience - unless they are still awake.
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DeanStockwell - Penny Pincher Member
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Re: Silver Market Update - Some Encouraging Signs
by Country » Fri Jan 28, 2011 9:09 pm
Possibly.... However, PMs are reacting to the possibility that Egyptian rioting will close the Suez Canal right now. For fundamental reasons, not chart technicals , they should move higher as long as an international crisis is unfolding.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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