"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat


Evil talks about tolerance only when it’s weak. When it gains the upper hand, its vanity always requires the destruction of the good and the innocent, because the example of good and innocent lives is an ongoing witness against it. So it always has been. So it always will be. And America has no special immunity to becoming an enemy of its own founding beliefs about human freedom, human dignity, the limited power of the state, and the sovereignty of God. – Archbishop Chaput

Trader Dan's Work is NOW AVAILABLE AT WWW.TRADERDAN.NET



Tuesday, February 8, 2011

Silver Chart - 12 hour and Weekly charts

As requested by my pal "Turd Ferguson", here is a short term chart of the silver market.


Here is a look at the way the weekly chart pattern is shaping up:

Posted by at

8 comments:

  1. Turd FergusonFebruary 8, 2011 at 5:46 PM

    Dan: Thank you. I'll be linking to this shortly. TF

    ReplyDelete
  2. BFebruary 8, 2011 at 7:30 PM

    Hoping for a little resistance... I'd like to acquire more physical. Its getting harder to find large amounts of the physical right now and the only alternative might soon be PSLV with its huge premium...
    I think we'll bounce between 29.50 and 30.50 for a while...

    ReplyDelete
  3. silvergoldsilverFebruary 8, 2011 at 7:47 PM

    Blythe is running down the hall with a kitchen sink right now...

    ReplyDelete
  4. Art VandelayFebruary 8, 2011 at 8:53 PM

    Thanks for the awesome silver charts !

    ReplyDelete
  5. Trader DanFebruary 8, 2011 at 9:13 PM

    Glad to be of some assistance....

    ReplyDelete
  6. flowersFebruary 8, 2011 at 11:59 PM

    Well...!
    I posted that I expected a drop to $1,260 with an intermediate bounce, but have been watching carefully to find that my call has been invalidated.
    For the record I have now taken a bullish position and do not regret having missed the first 4% rise from the $1,315 low. I have watched patiently and feel comfortable with this investment decision.

    ReplyDelete
  7. jasaFebruary 9, 2011 at 12:04 AM

    Thanks Dan.

    When you get 90 mins guys have a listen to this. Could be tied into the recent recall of all Ambassadors to the US for a cnflab with. Hillary Clinton. Very scary if true and time to get physical. Especially on the back of King World News about China looking for 5000 Tns gold today. GLA

    http://www.youtube.com/watch?v=IncyFDTR9MA

    ReplyDelete
  8. gniuzFebruary 9, 2011 at 3:29 AM

    Thanks for sharing with us Dan! Much appreciated..

    ReplyDelete

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