Silver 2006 vs Silver today, does it look familiar?
First of all, here is an update of a chart I posted 3 weeks ago…
Chart created with Prorealtime
Click here to see the original article.
Second of all, here is a chart of the gold-to-silver ratio:
Chart courtesy stockcharts.com
Now let’s have a look at Silver in 2006, when it also made a parabolic move:
Chart courtesy stockcharts.com
Here is the current situation:
Chart courtesy stockcharts.com
Although silver is not as stretched above its 50 days Moving Average as in 2006, it is as stretched above its 200 DMA as in 2006.
Also, the RSI is very high, but not as high as in 2006, so we MIGHT see 1 or 2 more days to the upside, but then we might get a Deja Vu of 2006.
For those of you who want to know what happened on April 20th 2006, here is a chart:
Chart courtesy stockcharts.com
Related posts:
- Gold to Silver ratio, what next?
- Silver vs Palladium – Update
- Emerging markets: outperformance or market crash?
- Gold-to-silver ratio falls below 34
- Silver vs silver mining stocks
Short URL: http://profitimes.com/?p=1418
Posted by Profitimes
on Apr 22 2011. Filed under Free Articles, Most popular, Sample Analyses.
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