Wednesday, October 26, 2011

Silver Market Update

by Clive Maund via

Over the past week silver has behaved as predicted in the last update, breaking down from its potential Pennant pattern and dropping gently back towards support in the $29 – $30 area, to enter our “accumulation zone” shown on its 4-month chart which turned it higher on Friday, and while the pattern could still be a bear Pennant with an amended lower boundary this is looking considerably less likely – it looks like the Pennant has aborted. It is thus thought that we are late in the base building process.

Read More @

No comments:

Post a Comment