“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)


"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat


Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput






Thursday, March 31, 2011

Silver - 8 hour chart update

Range trade until it clears $38 and holds the level.

5 comments:

  1. Range trade from 37-38 and a new all time record quarterly close. Silver looks strong for the foreseeable future

    ReplyDelete
  2. Agree-

    The new quarterly record is pretty huge, unless we see another Intra-quarter 1980 style parabolic blow-off and collapse again.
    I'd say we are seeing proof that the silver market has the underlying energy to push through $50 over the next 6 month to a year, and without having any of that 1980 style fanfare.

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  3. The charts look great to me. After $50 is reached (possibly later this year) things will really start to roll for silver.

    Blue sky bitchez.

    Bay of Pigs

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  4. You forgot something today: Jim Cramer spoke out on silver. He said some confusion things about it. He first says he bought silver and then he recommended to buy silver followed by stating that he balked at buying silver. Very confusing: Have a listen:

    The News UNIT

    I think we will see a "CRAMER RIPPLE" here in the chart over the next few days. Hopefully it will smooth out and continue to move without interference afterward.

    ReplyDelete
  5. News Unit -

    Do you really think if Cramer beats his own drum markets are really affected one way or the other? What happened to Enron after Cramer was pumping it?

    Methinks if Cramer threw a stone into a large pond, there would be no "ripple"... just a wet rock.

    ReplyDelete