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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets. -- Ignore unavailable to you. Want to Upgrade?


To: CurveBall86 who wrote (1748)4/4/2014 5:44:45 PM
From: The1Stockman  Read Replies (1) | Respond to of 1954
 
Is it possible that the 20-day was the objective for both indicators?

I see Silver came within 2¢ of touching its 20-EMA today before pulling back, ... makes me wonder if that was the target at this point.

Silver SMA: screencast.com


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Golds SMA: screencast.com

Where gold failed to reach its 20-day EMA, ... but did manage to bounce off of the 50-day. Silvers MACD is in far better shape, its working closer to center.


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Silver normally does and has been trailing gold for a couple of months now.


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In percentage gains for the past 6-months, ... its been said that Gold leads Silver higher, are we seeing a flip on both this week, ... silver seems to have more hesitations.




To: CurveBall86 who wrote (1748)4/4/2014 8:30:53 PM
From: Robov  Respond to of 1954
 
Ummm....JPMorgue is still massively short silver and $20 has been a rock hard line in the sand for some time now. The chart says it all as every attempt above 20 get's hammered almost immediately back down below. Someone clearly doesn't want to pay more than $20/oz for silver.