It is possible to fit a french curve to a 6 month silver chart that touches intra day lows 5 times before it starts to really head upwards. By thursday or friday, silver can be touching the part of the curve that has a tangent that is vertical. Another possibility is that it shoots straight up from here and hits the part of the curve that is heading up and back to the left. Another possibility is that silver breaks downward and to the right through the curve. Whatever silver does, the odds are extremely good that when silver breaks through the curve, no matter which part, a reaction has set in. It looks like this could happen by the end of next week, Friday, April 21, 2006.
This is a facinating time for silver. It is already up 6 days in a row and has left 3 gaps over the last 3 weeks; end of trend signals. There also are rare charts that exist showing prices that moved up 8 and 9 days in a row. This is possible with silver, too.
"Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked, 'Account overdrawn.' - Ayn Rand, author of Fountain Head, Atlas Shrugged, and other books