Precious Metals - A screaming buy signal for silver

Tuesday, February 09, 2010




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A screaming buy signal for silver

Monday, April 06, 2009
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From Seeking Alpha:

Using SLV as the proxy for the price of silver, on Friday, March 27th, 2009, for the first time since August 25th, 2008, the 50 day moving average of SLV crossed above the 200 day MA, a formation known by technical analysts as the "golden cross". SLV closed that day at $13.15.
Since then the spread between the 50 day MA and the 200 day MA has widened every day, a bullish sign.

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Topics:		Precious Metals \| Commodities

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