Thursday, August 25, 2011
Below is the Cash Silver chart. The $32.00 level is extraordinarily important as it represents a 50% retracement of the rally since January 2010 and strategic weekly pivot point.
The fact that silver did not participate in Gold's latest parabolic rise (blowofff??) suggests that the metal complex is weakening.
Bank of America
Portrait of an economy in trouble.
Red cycle is the last line of defense. A rally immediately is crucially needed.