Is silver about to take its ridiculous run to an even more extreme level? It looks like it broke to the upside of a long term rising wedge…
A closer look….
If gold and silver are going higher, the two microcaps I mentioned a week or two ago look primed to ascend as well. Both USSIF and SNDXF blasted out of ascending triangles.
In the commodities space, Chris Kimble says oil is also possibly primed to attack to 2008 high. He’s the best technician I’ve found on the web, so I buy whatever he’s suggesting.
I own SLV, USSIF, SNDXF and UCO. After taking profits in AGQ on Friday, I may re-add it on tomorrow.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.