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Just like gold did, silver is about to SLAM through it's 2011 resistance. From there on, silver will skyrocket further up. Therefore, be wise and be LONG. Also keep an eye on the 50MA, it wouldn't take much to go trough the 200MA.
Due to the gdxj re-belancing this stock has come under a lot of pressure lately. Fundamentally speaking, the company has grown in value recently because of several drills being completed in the past month, which means the company is a screeming buy right now.
In last year's late February we saw a goldencross in gold followed a few weeks later by a deathcross on the DXY. Now we saw a goldencross last week in gold and today a deathcross in the make at the DXY. Expect gold UP and dollar DOWN for the coming weeks or months.
In last year's late February we saw a goldencross in gold followed a few weeks later by a deathcross on the DXY. Now we saw a goldencross last week in gold and today a deathcross in the make at the DXY. Expect gold up and dollar down for the coming weeks or months.