Saturday, April 16, 2011

Stars & Stripes - Silver closes the week above US$43

Whilst 42 maybe the answer to life, the universe and everything, it doesn't hold true for silver, as silver crossed the line for week above US$43/oz. Note the striped pattern in the chart below. I have only seen this pattern a few times before and it always has shown to be a sign of strong buying pressure and further short term gains.

No comments:

Post a Comment