astral
Long

Silver Ready to Sky Rocket

FX:XAGUSD   Silver/U.S. Dollar
I have been adding to my silver             position for months and months along this most recent bottom. At this point, silver             seems like it has been beaten down to it's absolute bottom. It is currently sitting along the .764 fib level, which also happens to be the bottom of the donchian channels . The RSI is as oversold as it was at the beginning of the '08 bubble. Bullish divergence on the MACD also suggests momentum is changing.

As far as fundamentals, we have an increasing risk of hot war, an extreme bubble in bonds, stocks, and real estate, gold             and silver             look to be an amazing buy.

Please also see my S&P500             chart as a follow up to this idea.
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