I came across many people who wouldn't trade Silver, simply because, to them its silly and makes violent crazy moves.
Well, I beg to differ.
Please take a look at the chart No.1 which has just one indicator and 1 MA50. I guess its simple to understand. The indicator never went positive before 24 Jul 2013 since, it turned negative on 13 Feb 2013. Pretty long time - So is it time to go bullish on Silver? That was on my mind too. Now take a look at daily silver traded on MCX in India.(2nd Chart)
Again, simple chart with just one indicator. That indicator has never turned positive since December 1, 2012. Now, you get my point? I will turn bullish on silver when both of my simple charts turn positive. Lets Keep It Simple. Silly!!!
John Walker
1696703960@QQ.com