SILVER Breaks Out!

Silver has broken out to the upside as predicted in the last weekly silver chart. This is a strong looking chart and I expect silver will head much higher from here before taking another rest. This wedge was a long consolidation pattern that has been resolved to the upside.

Silver fundamentals are very strong and with all of the new uses of silver plus the recent investment demand from the Silver ETF (SLV), I expect higher prices for silver over the long run.

Weekly $SILVER Chart

Silver looks posed for a big move in the very near future. I believe it is heading higher from here and as such, I am long silver as well as selected silver stocks.

The Dow = Sell short?

It looks like it might be a good bet to short the DJIA. I'm not a trader in the Dow so I don't have a postition other than this chart that looks like a good setup for lower prices. Although, it is the mighty Dow and it is hard to bet against it lately.

How High will Gold go?

I am one of those who is of the opinion that before this bull market in gold has run it's course, GOLD will better the $2000 mark and that may be too conservative.

This is a great chart from www.usagold.com that shows the inflation adjusted price of gold.