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Gold/Mining/Energy : Silver Super Bulls

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To: Land Shark who wrote (799)	4/26/2006 5:34:49 PM
From: Louis V. Lambrecht	Read Replies (1) of 1281

Well, we know silver traders are superstitious and don't like to remain in the $13 range too long <g>. Posted a chart yesterday (needs two extra candles) lvlamb.itgo.com (comments Message 22388236 ) A settle @ 12.939 for the July bodes well. Swing trading indicators about nearing a buy signal. With Friday's sessions almost always bullish these last weeks... who fears what? <vbg> Got two scenarios: silver still consolidates for a couple of sessions, 11.7-11.8 area which would reset the indicators for another mad rally and a possible double , my wish LOL or starts running this week with an objective for this leg (6/8 weeks) to add 50%. This is completely crazy. Last time there was a bullish pennant on silver, it took 2 years to run from $5 to $40. Considering a start around $7.5 ... my adding machines ran out of paper. Only proplem is the throw-the-baby-with-the-bath syndrome when the general mnarket makes its overdue correction.

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