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Saturday, August 25, 2012

Silver's next move?

The all-time chart of the iShares Silver ETF is at a major point.  It's all-time uptrend is still intact as well as the downward move from the highs creating a pennant.  A break in either the downward support or the upward resistance will most likely establish a pattern for year(s) to come.  I believe it's going to be bullish based on Fed Monetary Policy, but anyone's guess at the moment.


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