"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


Tuesday, February 22, 2011

Silver - 30 minute chart


  1. This is looking uncannily similar to last year's price action during the same time-frame, only with greater upside bias and magnitude in price movement. The percentages swings are still close.

    I think it's now rather obvious that, as your estimation of the next major price level, $35/oz was to be held in check at this point.

    My thoughts are a short-term low within the next two days followed by resumption of the upward trend.


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