‘silver’ Archive

Silver…Most important Price Point In 10-Years???

  CLICK ON CHART TO ENLARGE Silver has lost almost two-thirds of its value over the past three years. This decline has Silver hitting a 10-year support line inside of a three year falling channel. Joe Friday….Very important that Silver holds at this long-term support line!!! I am interested in buying some Silver should support [...]

Hey Tonto…These “Patterns and Sentiment” could hurt Silver!

   CLICK ON CHART TO ENLARGE From the early 2000′s to 2011, Silver continued to create bullish “Ascending Triangles” as it rallied from $4 to $50, highlighted in green above. After peaking at $50, Silver has started creating the opposite pattern, a “Descending Triangle!”  Silver could be creating another descending triangle at the black arrow [...]

Gold & Silver Bulls want to see this happen!

  CLICK ON CHART TO ENLARGE The above chart is the Silver/Gold ratio. Strong rallies in both metals often take place when this ratio breaks above key falling resistance over the past 15-years. At this time the ratio remains inside of a three year falling channel. The ratio has had a nice rally since the [...]