Country wrote:
(ALL QUOTES USING LONDON AFTERNOON FIX)
Looks like it occurred April 27, 2011. SILVER rose $3.40 from $45.30 to $48.70; a 7.5% increase from the day before. That was the day of the peak SILVER!
Previous to that looks like it occurred November 4, 2009. SILVER rose $1.13 from $16.35 to $17.48; a 6.9% increase from the day before. Breakout above $20 SILVER commenced September 8, 2010 and SILVER rose to $30.70 by December 30, 2010; 4 months and a 50+% rise. Could history repeat in 2013 ?
From the $19.66 SILVER spot today, a rise above $21 is essential to verify the new uptrend. Above that, $26 is STRONG resistance, the old critical support level. I'm hopeful...
alright...so, rough consensus, would be an upside breakout above $21....then expect a period of banding between 21 and 26, confirmation with a punch above 26....upside target...?....obviously what?....$49.
any resumption of downside would have to be what JFF posted, say $17.77 to $18?....a punch below that, where does support come in...I can only opine, it would be the $9 level of 08...right?
to me, the BIG question is, where's the retail cash premium going to center?
whats a roll of ASE's obtainable at?....NO waiting period. I just looked, and 90's are at 14 times.
slightly off topic, but kinda funny......there is an Ebay seller offering three 10 dollar face rolls of circ 64 Kennedy's, with a $180 opening bid...three listings, and did NOT get a single BID...not one, he also had a roll of ASES, with a $500 open...not one bid....guess what his sellers moniker and location is?
"govaffairsguy"...in Arlington VA.
oh man, I laughed at that....NOBODY wants to go near the guy....tells ya something doesn't it?
