Monday, April 22, 2013

Buyers Of Physical Silver - Here Is A Key Chart For You

Today top Citi analyst Tom Fitzpatrick’s team sent King World News four tremendous charts covering the key markets of silver, crude oil, copper and the FTSE Mining Index.  One of the charts is especially important for the silver bulls.  KWN is pleased to share this information with with our global readers.  Below is what top Citi analyst Fitzpatrick’s team had to say in their latest report, along with four powerful charts.

Fitzpatrick’s Team: “The present set up on Brent and Nymex both suggest that lower levels in the oil price are a danger in the weeks ahead.  The spread chart between the two further suggests that Brent may continue to underperform (as it has done recently). 

Copper also looks set for further losses.  That target corresponds closely to the converged 200-month moving average (which we hit in 2008), and rising trend line support off that 2008 low (196.5-198.5).

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