Silver continues upward climb - let me rain on your parade some....its in the charts.

www.silverseek.com...

I called the buy point as the downtrend resistance was broken through.
I noticed this time people dont seem to be excited about the prospects - which is excellent if you believe this is the up wave that breaks the prior high price in silver of 50$ an ounce.
when viewing the chart notice the profit center that was placed in charts towards the end of June... -
If you notice the right leg of the W is longer than the left leg - this means in chart speak - its a fake rally,
however, it broke the down trend .... so we should see a sharp run up putting in the middle finger somewhere in here. so to lock in your profits you should use a trailing stop, so when it does reverse it takes you out back to cash.

and yes, the markets are manipulated and that says its a conspiracy - this first rally should peak around 34 - 35 an ounce.. but if your a long term bull - just hold its going way way up.... but it could take some time - maybe 2014 - 2017 timeframe to exceed 100 oz.

W@ell i reckon ill just keep on digging it out of old couches and off the beaches....then,
keep all i can get till she hits aa hundred or bust.......yahoo!
thanks for the tip....and oh by the way....ill hold YOU responsible ......

So,what caused this sudden surge for the price of silver?

reply to post by kdog1982


Lots of sources are saying QE3 is a done deal, might be seeing it in the next couple weeks.