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Silver to Break Out to Upside this Monday

Silver to Break Out to Upside this Monday

Published by Charleston Voice, 4.27.12

The Stop-and-Reverse (SAR) dots and other lower indicators on all shorter term silver charts, ie, 5min, 10min,1hr, 4hr, 8hr...are now Bullish. We await for the SAR on the Daily chart to "reverse" and appear below silver's price early next week, hopefully Monday. The MACD, Full Stochastics, and RSI are all trending up. Barring any 'attacks' we should ascend to test the $37 resistance line established on Feb. 28th. As usual, don't bet your life on it, only your shirt.

Using the G/S Ratio as an inverse coincident indicator, it appears to have topped @54.207 with its lower indicators now turning down. We await the SAR Daily dot reversal to occur soon. As usual, you can do your own charting free at Netdania.
View larger chart>> Silver to Break Out to Upside this Monday

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Come on people, bet big on this.

For the most brave buy Mar 2015 33 call at .015 for a return of more than 265x your money.

For the moderates, sell the 19.50/21.50 put spread for a net credit of 1.548

For the conservatives sell the silver 19.50/21.50 put spread and sell a gold call spread.