What's this, bankers calling for $50 silver this year
Silver, which plunged 27 percent last week, still is poised to climb to the ?very important? price of $50 an ounce by the end of the year, according to technical analysis by Bank of America Merrill Lynch.
?You?re still in an uptrend, despite the sharp sell-off? as shown by an intermediate-term trend from the lows on Aug. 24 and Jan. 28, Mary Ann Bartels, the head of U.S. technical and market analysis at Merrill in New York, said yesterday in a telephone interview. ?The uptrend was not broken.?
http://www.bloomberg.com/news/2011-05-11/silver-is-still-heading-for-50-an-ounce-bartels-says-technical-analysis.html
- Forums
- General
- silver heading to $50- bank of america
What's this, bankers calling for $50 silver this yearSilver,...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SILVER (COMEX) to my watchlist
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online