Silver Futures Index $SILVER (SILVER)

[never96]

The Fed's monetary base has gone sideways for the last year and a half, or for the same amount of time that gold and silver have gone sideways. Gold and silver are also at the bottom of their 12 year long term price channel and if there is not a breakout to the upside in the metals then it may mark a new down turn for the next few years. That is why the short term price action is important in my opinion. Other than a few other technical indicators the recent parabolic spike in the monetary base tells me silver is about to start it's new leg up and reach new highs very soon. See this Fed chart:

http://research.stlouisfed.org/fred2/graph/?s[1][id]=BASE