Bulls and Bears Fight.. - SilverSeek.com

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Bulls and Bears Fight..

By: SilverStateiges TA Team

-- Posted 9 April, 2007 | | Source: SilverSeek.com

SILVER- The picture has not changed so much since our last CG report, and despite the MACD negative indication we suggest not to change the direction until further and more revealing price action.

GOLD is holding well its under-going consolidation..

$XAU - The picture is more bearish then bullish by the definition of the "Descending Triangle".

$HUI - There is no decisive break-out on either side. Set conservative stop-loss orders and sit tight..

SRLM (Sterling Mining) - If there are bargains in the sector SRLM will be the one of them and the recent upside Break-Out proves that.

CDE (Coeur D Alene Mines) - Please look at the MACD and steady Volume; there must be a "Smart Hand" that keeps buying now..

HL (Hecla Mining) - Here is the classic example for the textbook; a) Triangle-continuation pattern, b) Break-out, c) Reaching out the price target. Recommendations: Set conservative stop-loss orders and enjoy the ride..

EDR.TO (Endeavour Silver) - The strategy would be the same as for Hecla: Set conservative stop-loss orders and enjoy the ride..

04/08/2007
www.SilverStrategies.com

-- Posted 9 April, 2007 | |

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