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S W
Member since May 2012
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Silver Bull Market in Force - Silver Analyst - Silver Analysis

Interesting tech analysis here.
Good stuff as I have never looked at 'full bars' closing above or below a 20 bar MA.
Only ever the close price.
What I notice now as previous there is occurring a pullback similar to Feb/Mar '08..with the full bar happening in Sept 08.
Could Silver get to 12.50 area?
Or lower at 9.70 ??
I suggest that it is quite possible.
No need to rush out and load up at this point.
At least wait till oversold tech indicators show just that..oversold.
Most likely 4-5 months away.

Commented 2741 days ago

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Beginning of the headline :As we await the end of this silver correction, it is appropriate to stand back and look at the bigger picture. To that end, take a look at this chart which shows silver’s Bollinger bands, but in particular the midline which is also the 20 month moving average.(Click on image to enlarge) Going way back to November 1998 after the Warren Buffett spike, the OHLC bar range of silver dropped below this moving average. With that silver re-ente... Read More

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