Dan... "I hope so - as part of the morning ramp, they slammed gold while pumping the $USD, so it may be a good opportunity." mlsoft
While that early morning 'slam and jam' wasn't very effective or long lasting, it did afford me the opportunity to pick up a goodly of silver mining shares at relatively decent prices.
I'm pretty much ticketed to ride with my Gold miners, but would enjoy seeing a retest of the $332-$338 level one more time to top off my tanks before we depart these areas in search of 'greener pastures.'
I've been accumulationg some Ag miners in this $474-$480 PoS area for the past week as I think silver is getting primed to lose it's 'redheaded stepson image' by making a breakout worthy of a thoroughbred.
Imo, silver bottomed out in early october and has formed a formidable series of higher hi's and higher lo's that has culminated in a double top just above $4.90 before pulling back for what I believe to be one of a series of runs that will result in the breakout mentioned above The broad banded resistance pretty much ends at the $5.00 level with a couple of spikes carying into the teens. Above that, the next 10 to 20% gain should be acomplished without too much effort.
Being a non technician at heart, I would really appreciate any additional technical impressions/opinions of this chart from the October point of reference.