I'm looking for a big move in silver tonight... we'll see if my analysis has any merit. Sorry for the low content post. Woop woop!!
What little faith ye have. I warned ye all of this monster run a few days before it began, in August last year! I must be very lucky at guessing. hoho
haha. My 2 jiao - if history is any precedent, then after the spike we will see a slowly undulating settling of contents back to around 26 or 25 before lift off. That said, we live in exponential times.
+1. This is a modest run. I think some resistance again at 30 and then back down to 26 over the next month. Not sure that the next 26 will be the last buying opportunity either.
My conviction is based off nothing fundamental or technical. I feel that it isnt yet time for the run and that it is still going to be traded under current market conditions for at least the next little while. I think what we just saw re-traced some of the gains that we have seen in the 12 months to date and that trading ranges may be set for a little while within this region. Happy to be wrong either way.
Silversale It looks like you will be proved right. It is US $29.95 at 1.48 Qld time. That will make all the SS members happy in the morning. Well some of them at least. Regards Errol43