"groundhog day for silver - again", page-6

  1. 17,444 Posts.
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    It has been suggested by some that you should trade silver because of its greater volatility but use TA based on gold.

    I think that has much merit as gold is a better charting vehicle than silver.

    Since gold's 2001 low the 65 ma on weekly has been major support over and over again and only in 2008 did we see some whipsawing of that indicator.

    We haven't seen gold revisit that ma since April 2009 so likely it will sooner rather than later.

    Currently at 1290 and rising.

    Perhaps when revisited is time to be interested in silver again.



 
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