Have not had a bounce since August ! Overdue IMO !!!
You are right about...Silver should be at a better valuation, but till then ... oh well !!!
Yes should be a good chuckle in a few years. For the immediate short term I found this interesting, especially from the air of negativity out there. It has been all downhill since that brief run in August, so the metals MAY be due for reprieve, if only for a while. I guess we will see !
Thanks...I only knew of Clubfoot for a brief time when I first showed up. His disappearance should have told me something !!! LoL
Ok thanks ... I don't have all that earlier history stuff from here ! Sorry for making the assumption, but thought it to be funny otherwise !
Get some protection from Hecla Herpes !
The above appears on Mineweb. Author: Jae Hur (Bloomberg)
Posted: Friday , 29 Nov 2013
Silver futures may climb to $22 an ounce as converging moving averages signal a short-term rebound in coming weeks, according to technical analysis by Korea Exchange Bank Futures Co.
If futures breach the 10-day average of $20.065 and the 18-day average of $20.569, this will create a golden-cross formation that is considered a bullish indicator, said Hwang Il Doo, a senior metals trader at the bank in Seoul. Futures on the Comex in New York were little changed at $19.695 an ounce at 9:39 a.m. in Tokyo.
Silver, used in solar panels and batteries, fell 35 percent this year, heading for the biggest annual loss since 1981 and surpassing a 26 percent loss in gold futures. Investors sold gold and silver on expectations that the Federal Reserve will start to cut its $85 billion in monthly bond buying as the U.S. economy strengthens.
“The golden cross will probably happen next week at the earliest,” Hwang said. “We will see a short-term rally in the long-term bearish market.”
In technical analysis, investors and analysts study charts of trading patterns and prices to predict changes in a security, commodity, currency or index.
Word has it he has a Staff just to keep abreast of all the New ID's ... so this is costing us money !!! lmao
" the Lord-a-loveth the working man"
Personally I don't care....Daytraders are more to my liking ... LOL !!!