Hi-ho, Silver, awaaaay! We told subscribers to look for a 25-cent rally in the May Comex contract, but by day’s end it had surpassed our wildest expectations, closing with a 43-cent gain on the day. Here’s the forecast as it went out to subscribers the night before: “The futures looked poised for a 25-cent pop, based on a Hidden Pivot target at 18.370. First, however, they’ll need to get past…[a Hidden Pivot resistance] at 18.210 that lies just beneath yesterday’s spike top. My gut feeling is that once the [resistance] is out of the way, the move through the spike top, which lies at 18.235, will be a piece of cake.”
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Hi-Ho, Silver, Aw-a-a-a-ay!
Posted, by RickAckerman on April 30th, 2010
Authored by, RickAckerman
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