Silver Market Update

[webmaster]

Subject:Silver Market Update
By: Clive Maund

Overview: Like gold, silver has been marking out a 3-arc Fan Correction following its March peak, and the chief difference between the two is that silver looks even stronger. On the 1-year chart we can see that silver has marked out a more solid looking base line of support between about $16.20 and $16.50 above its rising 200-day moving average and we can also see that it is closer to breaking out above the 3rd fanline of the fan pattern.

Link: http://news.silverseek.com/CliveMaund/1214072863.php

[daman4455]

It appears off late Mr. Clive Maund is unable to call Gold and Silver with any success. In the yesteryears, he was dot right.

May be he needs to identify the forces at play in Gold and Silver before truning finally bullish.

Let us see if he can recheck his tools. In the mean time I will be waiting to see whether Gold and Silver break out to the upperside as predicte by him in his footnote.