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Tuesday, January 3, 2012

Bullish Turn for Silver?

Posted @ 9:04 AM, 1-03-12

Yes, we believe so. The coldest months of this winter will be the hottest for the metals.
The SAR (Stop And Reverse) break is indicated by a circle. The black horizontal arrow is pointing to the 4-day moving avg(red) which is still shy by a smidgen from crossing the 7-day(green). The MACD is now above 0.00, another technical positive.

[click image to enlarge ]
We use the free service @NetDania and you can follow (progress?!) silver yourself there also. I've embedded my own link, but don't know if it'll work for you w/o setting up your own.