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Silver Recent Price Drop is Just a Storm in a Teacup

Monday, December 24, 2012 10:16
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http://newsdoors.blogspot.com/2012/12/silver-recent-price-drop-is-just-storm.html

Silver Recent Price Drop is Just a Storm in a Teacup

Many silver longs were upset by the rather sharp drop over the past week or so, but as we will now see, this drop looks like a ‘storm in a teacup’ on longer-term charts.

On its 12-year chart, which goes back to the start of the bullmarket, we can see that the top boundary of the uptrend from 2004 is defined by the line drawn across 4 important peaks, and it is from this line that the parallel supporting trendline beneath is derived.

http://newsdoors.blogspot.com/2012/12/silver-recent-price-drop-is-just-storm.html

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