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We are very
fortunate to have access to the technical expertise of Eidetic Research over
at Metal Augmentor. Going forward
Eidetic has informed us that we will receive shorter-term technical analysis
that is frequently updated in addition to the big picture technical reviews
that we are so fortunate to receive every few weeks or months. This is very
exciting and we feel it makes the Metal Augmentor service a must-have for any
investor interested in not only the metals but other markets where big profit
opportunities exist.
Here is a bit
more information about Eidetic Research for those who do not fully appreciate
what this recent development really means. Eidetic is a highly-respected
institutional level technical service that is of a quality rarely if ever
made available to the investing public. Indeed, we don’t think any
retail-oriented technical analysis even comes close. Moreover, we
firmly believe only a small handful of institutional technical analysis,
costing thousands of dollars per year or more, can hold a candle to Eidetic.
Fortunately this is not well recognized at present simply because there
isn’t much of Eidetic’s work in the historical public record to
examine. We say “fortunately” because otherwise Eidetic would
probably not be available to investors such as Metal Augmentor subscribers.
In the future should Eidetic decide to start providing technical work to
institutional investors again, we are hopeful that Metal Augmentor will be
able to negotiate an ongoing arrangement with Eidetic.
From time to time
I will reprint the silver portion of these technical updates here at
SILVERAXIS in the hopes that those of you who are on the fence about joining
Metal Augmentor as a Founding Member will finally get a clue. If you do wish
to join, go to the Metal Augmentor home page and
add your name to the mailing list. Any day now we are going to open the
service to new subscribers and if you are on the mailing list you will be
among the first to find out.
So here is the
latest silver excerpt from Eidetic Research:
Silver –
Jly
All trends are
up. Resistance 19.50 – 19.90, then 20.35 – 21.50. Support maybe
18.90 plus/minus; more probable 18.60 – 18.26. Upside potential a test
of major resistance above 20.00 that defines the March 2008 intermediate-term
top. Ongoing rally development from the early Feb low at 14.775, basis the
active nearby futures, reached a new high Thur at 19.865. Gains were lost by
the close* which established a small top reversal range. Some followthru
weakness on Fri, including range expansion, suggested that short-term buyers
may be running out of nerve. Rising daily stochastic values are near 80, a
level generally considered “overbought”. Look for some two-sided
consolidation between 19.00 – 20.00 on Mon-Tue.
ER 5/16/2010
Please note that
for analytic purposes we use the Globex afternoon close at 5:15 pm ET as our
Comex closing values rather than the official Comex settlement. In our view,
it is absurd to consider a 1:30 pm ET official settlement as a legitimate
close when other major futures markets such as Chicago treasuries and forex
trade for hours beyond the Comex settlement times.
Disclaimer:
Futures and options are inherently risky and should only be considered by
highly risk tolerant investors. You can loose more than the amount invested
and sometimes even more than the amount in your brokerage account so it is
critical to seek the oversight or advice of a licensed professional if you do
not have extensive experience trading futures and options.
Don’t
mistake the above for your typical broker or market technician drivel that
you might have access to, this is the real thing and not otherwise available
to you normally unless you are an institutional investor or bank trading desk
and paying thousands of dollars for such a service. This is not some
amateurish charting by a wanna-be, magic numbers, astrology or some other BS
either, it is the result of decades of nose-to-the-grindstone professional
technical expertise that has actual utility helping people make money in the
real world.
If you want to
thank me, just go and join the mailing list and sign up for Metal Augmentor so you can be
alerted when we open it up again to new Founding Members. Now that our new
system is almost ready to go, we are going to be kicking ass and taking
names. What, you don’t want thousands of dollars in investment and
technical research for almost nothing? It’s your loss (and literally
somebody else’s gain).
Tom Szabo
Silveraxis.com
Tom Szabo
introduces The Metal Augmentor,
which will be the detailed coverage of mining
equities from junior explorers to major mining companies.
Subscription
is US$ 87 per year, and you will receive in addition the Mining
Equities Report: Cash is King?" which includes the following :
- Coverage of over 30 exploration and mining
companies trading near or below cash value
- Technical analysis charting on 25 of these
companies
- A robust, interactive Excel file
- Over 60 pages of material
- Free access to future, updated editions
Please click
here to subscribe or for more
information about the Metal Augmentor.
Copyright © SILVERAXIS.COM 2006
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