Big Autumn Silver Rally 2
posted on
Aug 20, 2010 09:24PM
SSO on the TSX, SSRI on the NASDAQ
adam hamilton concludes that we could see an autumn rally in silver:
At Zeal we are riding this big-autumn-silver-rally potential in investments and speculations in elite silver stocks. You ought to join us. We sold many of our short-term silver-stock trades near highs before the summer doldrums hit, then we started redeploying for autumn this week in our weekly Zeal Speculator newsletter. It should be a very profitable campaign.
We’ve done extensive fundamental research to narrow down the silver-stock universe to our favorites, which we profile in comprehensive reports. We also publish an acclaimed monthly newsletter, Zeal Intelligence. In it I analyze the financial markets looking for high-probability-for-success trading opportunities in commodities stocks. Subscribe today and get back in the game of growing your capital!
The bottom line is silver looks very bullish heading into autumn 2010. Big seasonal gold-demand spikes are approaching, and rising gold prices get traders excited about silver. After consolidating high and forming a strong base for at least a year, silver has the perfect springboard from which to launch to new bull highs. Couple this with converging major support lines, near-oversold technicals, and little enthusiasm today, and silver is perfectly positioned for a fast ride higher in the coming months.
Overarching all these bullish silver technicals is this metal’s continuing panic-driven undervaluation relative to gold. Until this valuation gap is fully closed, silver has a lot of ground to regain and thus should rally faster on balance to catch up. Thanks to all these bullish influences, this year’s big autumn silver rally certainly has the potential to surprise on the upside. And silver stocks will naturally soar if all this comes to pass, creating a great opportunity for traders today.