Pradip Patel

SLV Still a Great Buy

Keim, i totally agree with your comments.


On Apr 06 09:50 AM kelm wrote:

> Gold has broken down through what looks to me like a descending triangle
> which is bearish. Silver is in the same formation but hasn't broken
> through the lower support line yet. Both look weak here. I have read
> in many places that silver has more upside potential than gold having
> both precious metal and industrial applications. For that scenario
> to come about though silver needs to complete this current correction
> ad then rise with some rising industrial demand. I disagree that
> buying in the 12.00 - 12.50 area is a good buy. The charts to me
> look more likely that a decline to 11.50 is in the cards. You need
> to look on the candlestick or daily OHLC chart instead of the line
> charts you've shown to see that.

Gold and Silver: To Buy or Not to Buy?

THE RETURNS ON THE PRESENT STOCK MARKETS IS PULLING MONEY AWAY FROM GOLD ASSUMING THIS IS THE FIRST RALLY OF THE BULL MARKET,WHICH IT MAY BE DUE TO ITS GRADUAL UPSIDE,BUT AS SOON AS GAINS HAVE BEEN MADE THERE WILL BE A SELL OFF,THIS COULD BE THE LAST CHANCE TO BUY GOLD AND SILVER BEFORE THE REALITY OF SUPER INFLATION BAKES IN,I PERSONALLY SEE AN UPSIDE TO GOLD /SILVER BY END OF THE YEAR.