The technical picture for silver has become ultra bullish. The failure for price to step back into the ‘normal channel’ trend lines post the parabolic rise is expectionally rare and therefore super bullish for silver. The base has formed over the last 4 months or so. She is pushing on once again. The rise today signaling the pack is joining the move. There are significant shorts in silver as well as her miners. The potential for a ‘super parabolic’ move is before us. If silver is not contained today or early next week a surpassing of 50 is extremely likely. Its merely probabilities but the potential is immense hence my eagerness to add in the last week to my silver holdings..Here the billionaire commodity king – Eric Sprott on silver.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/18_Eric_Sprott_-_The_Price_of_Silver_Should_be_$110_to_$120_Today.html

All the best Rich

 

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