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Gold/Mining/Energy : SILVER (Ag) PRODUCERS
FMNJ 0.000800+60.0%Nov 3 12:56 PM EST
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From: NYBob11/24/2007 4:51:59 AM
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FMNJ - Silver - when it does break out -

and it is beginning to look like it will -

be to the upside - there will be a stampede -

and an upside breakout from here could -

involve a $1 - $1.50 up day for Silver -



On the 1-year Silver chart we can see Silver -
has held support in the $12.20 area and turned Up -
completing a minor base and taken out the resistance level
at $13.20 - $13.30 -
the sideways action at this juncture has built strenghts -
Silver's TA technical condition, tangible evidence of -
the MACD shown at the bottom of the chart crossing above -
its moving average -
a frequent precondition for a new uptrend -
It is also noteworthy that this minor base -
although it cannot be confirmed as being complete
until it has broken above $13.30 -
has formed ABOVE the trendline drawn from the June low -
implying increasing strength and improving the chances -
of Silver breaking above the important resistance -
at the highs of last April and May on the next run -

Gold can be expected to stage a powerful advance -
if it breaks out upside from its large trading range -
it would appear that silver, which has been stronger -
than Gold in the recent past, should have little trouble -
in breaking out to new highs -
The now bullish outlook will remain intact as long as Silver -
remains above the lower uptrend line shown -
TI - RSI - Relative Strength Index -
I often Buy when RSI croses above the 50% RSI grid line -



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