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Silver Market Update



By: Clive Maund


-- Posted 13 June, 2006 | | Source: SilverSeek.com

Silver at least had the decency to give us much more warning than gold that it was going to cave in. It marked out a rather fine Head-and-Shoulders top, although the “Right Shoulder” was deceptive as it was very stunted - we had been been looking for a larger one, but remained aware throughout that a break of the neckline of the formation at $11.50 would lead to a rout. Despite being now at strong support, we could see more downside in silver before the decline is over. Another warning was the number of commentators touting the “wonderful fundamentals” of silver.


-- Posted 13 June, 2006 | |


Web-Site: www.clivemaund.com
Contact Clive Maund - clive.maund@t-online.de

Last Three Articles by Clive Maund


Silver Market Update
5 December, 2011

Silver Market Update
20 November, 2011

Silver Market Update
7 November, 2011

Clive Maund - Archive List

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