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-The New $SILVER (Spot Price) Uptrend- June 28th: Low of 18.17 July 23rd: High of 20.59 August 7th: Higher Low of 19.10 [August 9th: Closing Price above the 50 day SMA] August 12th: Breakout above 20.59, closing at 21.37 [August 14th: 20 day EMA crosses 50 day SMA] August 16th: Higher...

AUY Update: NEW UPTREND Confirmed! June 26th: In a Downtrend since a High of 20.28 on 11/09/12, AUY posts a Low of 8.55. July 23rd: AUY posts a Downtrend Lower High of 11.45. August 7th: After a Pullback, AUY posts a Higher Low of 8.91. August 15th: On very strong volume, AUY takes out the...

Yes indeed, marriage to a position can be very bad! Will try to avoid that. Assuming SLV doesn't collapse back to 18, I reckon going to 30 is reasonable enough for the near term. We'll see. :cool:

Even if this crazy "Melt-up" Uptrend continues, I think a drop to 160 as a Higher Low works fine on this chart. We'll see what happens.

I took a couple of points gain back in 2011, and then watched it go to 50 without me. Very painful! :eek: Some Silver Bugs talk about it making 3 figures this time around. Gonna stick with it and see what happens... One can see how 20 makes sense as a bottom on this 10 year chart.

A new Uptrend in the making, after a 26 month decline?

SLV now firmly in the 20.53 - 23.70 Resistance Zone, on strong Volume.

[Update] SPY (November 16, 2012 - August 15, 2013) Uptrend: 23 day Rally: 132.46 to 143.16 = +8.08% 8 day Pullback: 143.16 to 138.19 = -3.47% 34 day Rally: 138.19 to 151.80 = +9.85% 6 day Pullback: 151.80 to 147.29 = -2.97% 32 day Rally: 147.29 to 158.87 = +7.86% 6 day Pullback...

The KITCO "Silver Page" (08/12/13) http://www.kitcosilver.com/

"Silver Short Squeeze" by Adam Hamilton (08/09/13) http://www.zealllc.com/2013/silvshsq.htm

You mean like this? Of course 20 to 21 was a gap, which is easier to fill. Now the Resistance from 21 to 23 has to be dealt with. Still, off to a good start. Has the long awaited Short Squeeze in Silver finally begun?

Sounds good to me! Yes, 19.89 is the top of the current range. Next Resistance above that is in the 21 to 22 area...

Been a rough time since the Earnings Announcement on July 31st, with AUY falling from 10.50 down to 8.91 (-15.14%) over just a few days. But the June 26th low of 8.55 is still in as the bottom. Bouncing back nicely today, along with the other Miners, plus Gold and Silver. Waiting to see if...

Bit of a Pop! today. Kitco giving "Short Covering, China News, and Weaker Dollar" as the rationale. SLV having a go at the 50 day MA Overhead Resistance...

Another way to look at these patterns is the amount of trading days needed to go from one Higher Low to the next Higher Low. Each Rally/Pullback has taken from 30 to 47 days to complete, and we are now in day 33 of the latest Rally. The pullbacks have also always included a test of Support...

[Update] SPY (November 16, 2012 - August 1, 2013) Uptrend: 23 day Rally: 132.46 to 143.16 = +8.08% 8 day Pullback: 143.16 to 138.19 = -3.47% 34 day Rally: 138.19 to 151.80 = +9.85% 6 day Pullback: 151.80 to 147.29 = -2.97% 32 day Rally: 147.29 to 158.87 = +7.86% 6 day Pullback...

$SPX at 1685, with 1680 Support and 1700 Resistance. What will come first? 1660 or 1710?

I think the bottom for gold was in on June 28th at 1179.90. 1300 Resistance now looking like Support...

AUY still holding above its 50 day MA. Earnings announced tomorrow after the close...

SPY either "melting up" or going sideways for the entire month of July. What kind of news do we need for a nice 4%-6% drop? 169.86 - 4% = 163.07 169.86 - 6% = 159.67