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.