GREY:CRMXF - Post by User
Comment by
robey743on Jul 03, 2012 11:36am
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Post# 20077291
RE: Silver prices
RE: Silver prices Good morning crunch,
"The 3-year chart shows that after severely testing the key support at the lows of September and December, silver is now in position to rally away from what should be seen later to be a Triple Bottom pattern. Although its moving averages are clearly in bearish alignment, silver will not have to rally too far to get above these averages so that they start turning up."
"Silver's COT chart is now astoundingly bullish after the further contraction of Commercial short and Large and Small Spec long positions last week to record or near record lows since the bullmarket began. This is the kind of setup that typically precedes a major multi-month upleg."
https://www.silverseek.com/article/silver-market-update-6