Friday, August 15, 2014

Lines on Charts: Silver Is Poised To Break Lower

This is interesting although it may not have much, as the climate model makers call it, predictive skill.
September futures $19.530 down 0.376.
From Kimble Charting Solutions:
Silver has lost almost two-thirds of its value over the past three years. This decline has Silver hitting a 10-year support line inside of a three year falling channel....MORE
http://blog.kimblechartingsolutions.com/wp-content/uploads/2014/08/joefridaynixonsilverpricepointaug15.jpg
If those tops from 2010 don't act as support the next logical target would be the sub-$15's from 2007,