“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)


"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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Tuesday, May 24, 2011

4 Hour Silver Chart

Silver pushed past resistance at the top of its narrow range which came in near $36. It ran higher in very early Asian trade but has not been able to extend its gains and push beyond $37. It has a band of overhead resistance near $37.50 that will be formidable and will need to give way if it is going to make a push towards $40.


2 comments:

  1. Like the stochastic on the bottom better than the %R etc. The stochastic is a great visual of momentum. Thanks Dan

    ReplyDelete
  2. Dear Dan,

    Thanks for the clarity of your comments.
    I have a specific question about Silver : what is the point to reserve a bar, for example as Bullionvault suggests? Costs are higher, and silver is already "allocated" in the first place.
    Besides, to reserve a bar means to put your name under it, while the vault is in London and I hear about metal confiscation, exceptional events leading to exceptional actions...
    Should I reserve my silver bars if I can?
    Thanks a lot for your highlights,

    ReplyDelete

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