Tuesday, September 28, 2010

The Metals Continue To Shine


The metals continue to rally with SLV (Silver) leading the way higher. As you know I've been bullish on gold but totally missed buying the breakout in silver last month. As you can see sliver has broken out of a large symmetrical triangle and is rapidly approaching its upside target of 21.75 for SLV.

The reason I was bullish was due to the strong seasonal influence that we usually see around this time of year and so far this seasonal pattern is working like a charm. Don't you wish all trades would work out this well? (sigh)


2 comments:

bob said...

Great analysis, you hit a home run on metals. I am impressed that you mentioned missing the Silver breakout.

harry said...

Curious to know how slv target of 21.75 was calculated?

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