"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

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Wednesday, March 30, 2011

Silver - 8 hour chart update 10:15 PM CST

In Asian trading, silver is continuing to push higher building on its gains from the New York session in what appears to be further confirmation of the metal carving out a new consolidation zone at a higher level.

The top of this new zone is shy of $38 with the bottom down near $37 and slightly below there. Upside volume is picking up which is positive but until the market can strongly clear $38 and maintain that, the new leg higher is elusive.

Note that the indicator is moving into giving a buy signal

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