• Gold: 1,501.15 -13.09
  • Silver: 16.98 -0.13
  • Euro: 1.110 0.000
  • USDX: 98.225 0.083
  • Oil: 55.61 0.7

September Silver Looks Poised to Break Out

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July 9, 2014 - 10:28pm

 

Although August Gold’s price action has somewhat altered my rally target, conditions in September Silver are unchanged.  To wit, a push through the midpoint Hidden Pivot at 21.370 would portend minimum short-term upside thereafter to 22.110.  Traders should take note of the fact that Wednesday’s high at 21.285 exceeded an external peak made a week ago by a single tick. This implies that the pullback since then is corrective and that it can be bought when the uptrend resumes.  I have sketched this out hypothetically for your further guidance..Stay tuned to the chat room for guidance in real time – or click here for a free trial to Rick’s Picks if you don’t subscribe (no credit card necessary). You’ll have access not only to the 24/7 chat room, but to Rick’s impromptu trading sessions and daily, actionable touts and forecasts.

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About Rick Ackerman

Rick's Picks publishes stock, commodity, and mini-index trading recommendations and forecasts based on a proprietary technical analysis method that took more than ten years to develop and hone.

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