Silver has made a decisive breakout to the upside! This measured move could happen fast & furiously & could take silver to almost $12. Stocks such as HL & CDE have just broken out to the upside & could move rapidly to about $9 before any correction. Both stocks are presently around $5. I estimate this run higher to complete within 1 month.
As silver runs higher, it'll cause further gains in gold ( probably ) feeding the buying frenzy.
Good trading to all...
http://www.kitco.com/charts/livesilver.html
willey
OK...
If my indicators are correct, up we go from here!...correction's over!
Should be a DoozyWinger of a ride!
:-)))
willey
Hi Folks,
AHA! Still no interest here! That's another good sign & shows what a stealth precious metals bull market we're in. My newest measurements for the gold channel ( chart wise ) show $630, or so...
Silver's still a go to about $12 to $13 or so with the stocks like PAAS, SLW, HL, CDE & others on the move higher!
Good trading all!
willey
I'm watchin Willey,
I've also been collecting silver bullion for a year now. Gonna come in handy after the apocolypse. I don't trust paper money one bit. Like the rationale. Keep posting.
Hi folks,
Silver's over the magic $10 today...
Here we go!
good trading to all
willey
Quote from: willey on January 29, 2006, 01:02:20 AM
Silver has made a decisive breakout to the upside! This measured move could happen fast & furiously & could take silver to almost $12. Stocks such as HL & CDE have just broken out to the upside & could move rapidly to about $9 before any correction. Both stocks are presently around $5. I estimate this run higher to complete within 1 month.
As silver runs higher, it'll cause further gains in gold ( probably ) feeding the buying frenzy.
Good trading to all...
http://www.kitco.com/charts/livesilver.html
willey
excellent work willey.. both charts
CDE and
HL look strong (I like CDE a bit better) goodluck 8)
How about SLW? It has an A overall rating from IBD.
CDE has a B and HL a D
Lalitha
Hi Folks,
Silver is breaking out above $10.25
Very Significant!
Will spark a run in itself & gold & gold will likely "double top" or better...
I suggest taking short term profits when gold "double tops"...( assuming it gets that high )
good trading to all
willey
Hi Folks,
YeeeeeeEEEEEHaaaaAAWWW!!!
Now silver's at $11 & gold's most likely on its way to $620, or so.......( then it's likely to demand a rest & partial retracement )
RGLD is a rocket ship! TRE has a measured move ( result of a breakout up thru a symmetrical triangle ) to about $10, or more...These are both royalty plays & exceptional trades or long term holds.
good trading to all!
willey
Silver defenitly has been running hard. Sold my turbo today. Made 40% in one week ::) ::). Question is will it still rise. The card below shows it is exactly at the top of its channel. So it would have to break out or it will go down again ??? ???. Today should give some answers to silver's direction.
Maybe one of the TA guys can give their opinion?
Lets wait and see.
Amarens
Month of April should be good for the metals ( precious & otherwise)
Silver should top at around $12 to $12.5, I figure & the silvers should go parabolic & that's the sell signal for traders to take profits
my best guesses
good trades to all
willey
Hi Folks,
We had a great & profitable run, short term! Market in precious metals now in need of rest & obvious partial retracement! So, taking trading profits & will wait the necessary signal to reinvest in golds & silvers
good trading to all
willey
I'll be doggoned! No rest yet! She's agonna run some more with gold's target to $680 & silver's target to $15+
WOW!
good trading to all
willey
Bought some SLV today and made a quick 7% in one day. And the chart looks good, hahaha. :D
But seriously, does seem like silver has greater long term appreciation potential than gold, there is even the potential of the silver "superspike"...
Hi,
<<But seriously, does seem like silver has greater long term appreciation potential than gold, there is even the potential of the silver "superspike"...>>
While I agree that silver's got great potential & a "superspike" is possible ( sometime ), gold's the star! Gold's going well over $1000/oz & probably this year - its being supercharged by all the various international banks & funds that have shorted it & are now covering
hang on for the ride!!!
willey
Shucks!
$XAU & $HUI trends are breaking down! We're in for a correction in the PM's ( in my opinion ) & it could be a multi-month one! Reasonable chance that it'll occur coincident with corrections in many other commodities including copper!
My thoughts & good trading to all
willey