The daily charts of both gold and silver are beginning to show some bullish signs. On Sunday night, silver plunged about two dollar an ounce, but there wasn’t much volume, which is bullish huh. And on Monday, silver move like “Skyrocket” because action is not taken to reduce government debt. Oh yes, Monday’s trading volume was truly massive and there is now a “key reversal” day visible on the silver chart. See below MCX Silver chart.
You can see on above chart, silver is looking bullish for one-two weeks. If silver cross and close above 45,504 level then it will kiss 50000 level in few trading session. Let’s talk about this week, silver is looking strong and will kiss step by step 43751-44337-44997-45504. Where should I take position on silver? Sorry, I will say to my subscribers with stoploss.
See above the gold chart and it is beginning to display a bullish hook. As I mentioned on above chart, just follow the trend. More information about Gold for my subscribers by SMS!
For smart traders beck is enough: since late 2012 the S&P 500 has been on a nonstop rise, while gold has gone the other way…
See below MCX Crude oil chart and get the future!
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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.