"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



Thursday, March 10, 2011

Silver Chart update

It's been a busy day today with a lot of action and quickly changing markets but here is an afternoon chart of silver. It looks like it was able to stave off the selling and recapture support near $35 which is promising particularly as we are now finally seeing some good upside volume compared to what we have been getting recently.

First order of business for the bulls is to get the price back over $35.50 and keep it there.

If they run and let the sellers get aggressive, today's low near $34.75 needs to hold to prevent a run back down towards $34.40 - $34.30

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4 comments:

  1. jake the snakeMarch 10, 2011 at 2:44 PM

    appreciate your blog and all the relevant stuff you post

    ReplyDelete
  2. SilverWarEagleMarch 10, 2011 at 3:05 PM

    I can't thank you enough Dan for the time and work you do. Excellent. Been reading you and Turd since you started blogging and continue to learn. Keep up the honest fight.

    ReplyDelete
  3. Tiger-Cat GreatMarch 10, 2011 at 7:40 PM

    Not Turd. Turk.

    ReplyDelete
  4. Angus HawkinsMarch 10, 2011 at 11:30 PM

    Thanks Dan,

    Your charts are helping me alot in my decision making and sometimes I even manage to make the right decison :-)

    What software do you use. I am at the moment particularly interested in integrating the volume into my decisions and would like to be able to get up to date info on that.

    Your work to educate people is truly admirable

    ReplyDelete

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