Silver– You R here!
Assuming that silver continues repeating its earlier patterns, we are now about to enter the fun, and volatile, portion of the ride on the silver express. First an overview. The light blue colored lines show previous and current run-ups in silver that seem to repeat every 2 years. Please note that RSI, MACD and ADX indicators are all repeating also.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1842373&cmd=show[s83563731]&disp=P
taking a closer look at this past years activity
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1842373&cmd=show[s83563046]&disp=P
and comparing it to the same timeframe in 2006
http://stockcharts.com/h-sc/ui?s=$SILVER&p=D&st=2005-03-01&en=2006-06-01&id=p11777071706&a=132060858
shows that after a short consolidation, say the next week or so, we should then move on to the yearly highs.
JMHO y2kdon
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