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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • Silver Rally Expected In Second Half Of 2012 0 comments
    Jun 8, 2012 2:54 PM | about stocks: PSLV, SLV, AGQ

    The silver price is closing in on a critical wedge pattern (Chart 1). I expect the silver price to rally in the second half of this year. If you haven't bought yet, I suggest this is the right time to do so.

    Chart 1: Silver Price

    To add even more rumors to the silver price, on King World News, a London trader reported that there was a huge Eastern buyer of silver three weeks ago. He bought a staggering amount of silver around $US 27/ounce. So everything is pointing to higher prices.

    Disclosure: I am long PSLV, AGQ.

    Stocks: PSLV, SLV, AGQ
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