"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, April 27, 2012

Silver remains beneath the moving averages

SLV continues to reside below the EMA 50 (shaded area) as well as longer and shorter term moving averages.  Not trying to rain on the precious metals mini parade, but Ag really needs to think about getting above these MA's.










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at 4/27/2012 10:18:00 AM
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2 comments:

  1. Whether the PM's have made a low or not, rest assured that even when the real low has/is made there will always be something to worry about as the group makes it higher.

    ReplyDelete

  2. Ah, the old wall of worry. Good stuff.

    ReplyDelete

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