"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, January 20, 2012

Silver proxy SLV

The 50 day moving average (shaded area) has been pretty important as a resistance and support zone for silver.  Today SLV is boinking up above it on a frisky looking move.  That has been expected as NFTRH targets have been 31 and potentially 34 for Ag.  What comes next?  Lots of things in motion.  Everywhere.










http://www.biiwii.blogspot.com
http://www.biiwii.com

No comments:

Post a Comment