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Monday, October 10, 2011

Silver Positioned for Breakout

The cash price for daily silver has now seen the 4-dma cross over its 7-dma and the Bollinger Band choke point is positioned to burst out violently to the upside. Below the main chart is also the MACD which will cross its median, confirming a bullish run. The SAR dots reversed to the positive three days ago.
(gold price is scaled to the left) click image for larger view