7 replies to this topic

[SilentOne]

OK, I got out my crayons. I don't have any fancy trading software, so here goes.

Every time the gold indices launched a major run since 2001, silver did something technically significant. We are about to see the same thing occur again.









Silver is set to outperform gold here and is on the verge of breaking out. Don't be fooled by gold's action and LT resistance coming in here at $500-525 for the yellow metal. It is silver one has to watch for confirmation.

cheers,

john

[wxman]

[quote name='SilentOne' date='Oct 11 2005, 08:44 AM']
OK, I got out my crayons. I don't have any fancy trading software, so here goes.



Very nice display, Silent One
I'm expecting silver to outperfrom as well, especially MGN
http://tinyurl.com/933r4

[SilentOne]

Hi wxman, I own MGN too. Could have done better than Monday's entry (since I was in/out last week as well). Then again any decent pullbacks and I will try to add more. cheers, john

[Chart Guru Doug]

Agreed silver seems to be moving nicely. Do you know which stocks will outpreform with a silver rally? tia

[SilentOne]

On the top of my list are MGN, CDE and WTZ. Volume is stacking recently in all three, especially MGN. CDE will be the Jim Cramer momo one day (I can't believe he was saying to short it recently) and WTZ is a later stage rally play, but I don't think the entry will be much better than here. For juniors I like EDR.V I am long and will hold CDE, MGN and EDR tightly now. cheers, john

Edited by SilentOne, 11 October 2005 - 04:24 PM.

[Chart Guru Doug]

On the top of my list are MGN, CDE and WTZ. Volume is stacking recently in all three, especially MGN. CDE will be the Jim Cramer momo one day (I can't believe he was saying to short it recently) and WTZ is a later stage rally play, but I don't think the entry will be much better than here.

For juniors I like EDR.V

I am long and will hold CDE, MGN and EDR tightly now.

cheers,

john

<{POST_SNAPBACK}>

Thanks John
WTZ does look like its coming on nicely....

[dougie]

well Hoye amongst others thinks silver underperforms if liquidity crisis is brewing....

[PorkLoin]

LOVE IT -- let me add a couple:



Obviously, Silver is into some serious resistance, but it's trying, and the weekly MACD momentum is looking bullish right here.



Going well back into 2003 there was a nice lower trendline with the market touching it quite a few times. Got a little weaker this year, but now we're back above the line. Looks more bullish than bearish, on balance, to me. Might be making a big triangle from March 2004 which would allow for another punch down, but there ought to be at least a $3 thrust higher afterwards, even then.

Best,

Doug