woensdag 17 oktober 2012

Silver's Golden Cross

It's getting boring to talk about silver the whole time but when it's appropriate, it's appropriate.

Last week we had an important technical indicator for silver to go up. We had a significant "golden cross" which means the 60 day moving average crosses over the 200 day moving average. Historically that means we will have a rising silver price bull market coming very soon.
op

2 opmerkingen:

  1. Anoniem18 oktober 2012 om 15:31

    Hi Katchum. I was wondering why you're using the 60 day moving average instead of the 50 day? I thought the 50 crossing the 100 was the golden cross. Damn. Looks like this hasn't happened since 2009. Cross your fingers.

    BeantwoordenVerwijderen
    Reacties
    1. katchum18 oktober 2012 om 18:54

      Just because the kitco chart uses the 60 day moving average. Otherwise I would use the 50 day moving average. It's basically the same.

      Verwijderen