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08:02 AM
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Silver Breaking out Higher
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[quote:Anonymous Coward 17114980:MV8xOTY0MTM1XzMzMzkzOTc0X0RGRkNCMTc2] [quote:Anonymous Coward 23618033:MV8xOTY0MTM1XzMzMzkzNjE5X0ZDNEIyRDcw] We are now approx. six dollars above the price when this post was started (August 20th) Approx. 21% gain over the past three weeks. [/quote] no doubt many are kicking themselves for not listening. All the morons talking about JPM knocking it down, JPM is FCUKED, they have no dry powder left. This thing is getting explosive thanks to the money printers going into overdrive. Platinum has really been a big winner too, I see it as a good short term play, as well as silver. Gold too but you won't see the same gains [/quote]
Original Message
As I mentionned on another thread Saturday, the metals group would probably head North this week. Today was a good confirmation of this.....as Silver was up approx. 70 cents.
It appears that a massive one year continuation pattern is complete.
Six month daily chart Silver:
[
link to bigcharts.marketwatch.com
]
Three year weekly Silver:
[
link to bigcharts.marketwatch.com
]
Three year weekly Gold which looks like a massive continuation pattern to the upside (flag pattern):
[
link to bigcharts.marketwatch.com
]
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