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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (9111)4/15/2006 12:52:21 PM
From: Davy Crockett  Read Replies (2) of 78419
 
regarding Silver...

on the daily & weekly charts, Silver rise has been parabolic the last 3 months. It is trading far beyond its 50 day sma, where in the past it has corrected to & provides support.

The ADX is currently @ 54 & still projecting upwards. That rise is unsustainable, at some point in the near future it will correct...

The $60,000 dollar question is when, not if will Silver correct.

All FWIW only,

BWTHDIK

edit: GOLD looks tired here. Negative divergence between MACd & rising prices & MACd appears to be rolling over
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