Interesting with the silver price last night. US Fed announcement day and silver spot takes a hit. Usually the case. At 2 pm last night in America Fed comes out and says pretty much they are trying to prop up the stock market. At this point the silver spot rises, interesting, you would think this would be bad news for silver. Rose from a low of 29.3 to 29.8. The important thing here is that the upward channel was not broken. 29.3 was the limit and it bounced off it, hope it holds up and does not fall under 29.3, that would not be healthy for silver spot. Hope silver spot kicks on today. Video detailing the mentioned in this post linked below,
http://www.youtube.com/watch?v=_IcEEytRAWc
CCU Price at posting:
62.2¢ Sentiment: Buy Disclosure: Held
