Thursday, April 14, 2011
Silver Update 4/14/11
Submitted by: Francis Soyer
Good morning, it appears that we owe a thank you to Goldman (the sack) for giving us another chance to leg into silver after they put out their bearish call on silver (and Oil) a few days ago. As you will see in the chart below with MACD measurement on the decline, volume on the incline and a new up trend forming. This is just a small window Goldman provided for itself by telling their clients to sell so that the sacks proprietary trading desk could get long.
Remember whenever you hear a recomendation from a large bank, or large media or research company CNBC, MSN, Wall St. Journal, Financial Times. After reading what they have to say stop and take note of what the article makes you want to do. If the article makes you think you should Sell, then you should buy. If the article makes you think you should buy, then you should sell. Thats it folks, do that and you will not need to work a normal job any more.
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