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Silver: Weekly chart.
Monday, December 3, 2012 4:50
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A good friend reminded me that since I am looking to hold silver long term with a crisis mentality, I should be looking at the weekly chart. Indeed!
200w MA is rising relentlessly and is at US$25.55 an ounce. The 50w MA is at US$31.09 an ounce. We are seeing higher lows and higher highs on the MACD, a pure price momentum oscillator. Long term momentum is positive and strengthening.
There is a chance that supports could be tested which would probably see strong buying interest.
2012-12-03 04:41:25
Source: http://investgoldsilver.blogspot.com/2012/12/silver-weekly-chart.html
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