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Wednesday, June 25, 2014

Time to Set Sail with your Boat Loaded with Silver

The Owl and the Pussy-cat went to sea
   In a beautiful pea-green boat,
They took some honey, and plenty of money,
   Wrapped up in a five-pound note.
The Silver price has crossed back over a major indicator - the 50-WEEK Moving Avg. It has been on the south side of that indicator since February of 2013, and ordinarily floats upward for several months before crossing back down. The 100-WMA is trending downward nicely, and sits right now at about $24.60 - that's another near term hurdle.

Not shown here, but the 50-WMA hadn't been above the 200-WMA since October of 2009! We have a long ascent for the 50-WMA to go before it crosses above that marker, for sure. Each lavender arrow indicates a price crossover above an indicator. This is my personal link to my setup although it won't open as that for you without a free acct, but will put you in the game to plot your own.

I guess the suggestion I'm trying to convey to the timid or uninitiated is hang on to your reluctance, but cross yourself and buy just one silver coin this week. Be intellectually honest with yourself this one time. Don't be the would-coulda-shoulda type. Take a $10 bill, stroll into a local coin shop, plop down the ten bucks and tell him you want as many US silver coins as this will buy. That's it. No rowboat needed. Go home, set up your laptop and start trackin'! Heck, here's even a handy, free track site: Silver Coin Value Guide

larger view click here