RE:For the chart watching junkies out thereThanks for the chart Hallidas1. What is the source?
My work suggests Silver has already broken out and will test the high into year end. Gold is still over $50 away from a similar signal - the Gold Cartel is supressing Gold into year end as London Buillion Banks need to clean up 'deliverable' in client accounts to comply with Basel III. Silver is both an Industrial and Monetary Metal and appears to be getting dragged along by Dr. Copper et al.
If you believe Silver is back into Bull Mode and if you believe TSLV has the goods we have entered a Buy Window between Fibonacci Retracements of .382 and .50 (which is $1.10 to $1.03). If you are tricky you might hold out for a .618 retracement (which is $.97) and the 50 day MA (which is also $.97). I have already started adding more within the Window. The chart is most likely forming a Cup and Handle so buy the dip!
But perhaps the best reason to buy more stock is Ivan actually winked at us shareholders today on Twitter. GLTA
Permitting 200 additional holes $TSLV