TigerSoft News Service 9/29/2010 SILVER's 28 YEAR BREAKOUT SHINES BRIGHT by William Schmidt, Ph.D. of www.tigersoft.com |
Use TigerSoft To Track Key Insider Buying and Selling in All Your Stocks www.tigersoft.com PO Box 9491 - San Diego, CA 92169 - 858-273-5900 - william_schmidt @hotmail.com |
SILVER'S LONG BOTTOMING PROCESS SINCE
1980 SEEMS TO HAVE ENDED. |
THIS PAST
YEAR's WEEKLY CHARTS OF GOLD (GO1610) and SILVER (SV1610) SHOW UPSIDE BREAKOUTS ON THE RECOVERY THAT WERE CONFIRMED BY HIGH (BLUE ACCUMULATION) The levels of Accumulation were higher in the period 1975-1980 before the big advances then. But they are still very high when looking at a TigerSoft weekly chart. AS OFTEN HAPPENED GOLD "LED" SILVER In September 2009, Gold moved into all-time high territory. Silver's breakout past 21 is only now occurring. |
In many ways, the breakouts are similat to what happened in late 1970's. Notice the high levels of (Blue) Accumulation. This shows the stocks were being bought by insiders and professionals for big gains, not briefer trading moves. GOLD 1976-1980 SILVER 197-1980 |