Sons And Daughters Of BBCMF Metals/Silver,Gold,Precious Metals companies/Research.

[mick]

JULY 10 2007 10:00AM - The jump in silver today has been convincing enough that I have turned my speculative mental flag green indicating that I am prepared to increase my speculative leverage to a possible big rise in silver prices within 3 months. This indicator may change again very quickly as volatility picks up, yet I am prepared to suffer up to a 50% retracement (a bit below $12.50 in spot silver) before giving up on the notion that we have a new rally on our hands. I am retaining some caution, however, in the form of a yellow short term flag representing the very real possibility of silver revisiting, or perhaps even sinking below, its recent bottom. As I've mentioned earlier, I don't plan to change the short term flag to buy until I am fairly convinced that a rally will convincingly take out the $15 level. With the dollar's ugliness today bringing it to the verge of a major breakdown, we could be in for some real fireworks in the weeks ahead.

http://www.silveraxis.com/