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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
The National Debt Will Continue to Rise, The Dollar May Fall and Will Silver Start to Move Up Again?
Posted on 10/15/2006 00:00 AM | Link | Post Comment
Silver is not at such an obvious support level as gold at this juncture. An experimental 300-day moving average has been applied to the silver chart as with gold to see if we have a fit. In the past it fits quite well, as we can see on the 5-year chart, although the standard 200-day works better on the recent reaction.
click on to make larger:
Like gold, silver is expected to stage a tradable rally soon from about the current level, which, barring an attack on Iran, is likely to get up to about $12.50 before it rolls over again. The parallel stop loss point to that for gold would be failure of the support at $9.50, but as this would result in an unacceptably large loss for anyone buying around the current level, it would make more sense to cut losses in the event that it breaks below the recent low at $10.50, despite their being some risk of being whipsawed out.
from The Optimist:
"In an earlier commentary about responsibility , I posted a table of the debt increases by Presidential Administrations. Another view of that debt increase monstrosity is the chart copied below , but please do not look at it if you are prone to heart problems or fainting spells."
Most everyone is bearish on the dollar, which is in itself bullish.
Please note that the budget deficit had turned into surplus by year 2000.
click on graph to enlarge
click on to make larger:
Like gold, silver is expected to stage a tradable rally soon from about the current level, which, barring an attack on Iran, is likely to get up to about $12.50 before it rolls over again. The parallel stop loss point to that for gold would be failure of the support at $9.50, but as this would result in an unacceptably large loss for anyone buying around the current level, it would make more sense to cut losses in the event that it breaks below the recent low at $10.50, despite their being some risk of being whipsawed out.
from The Optimist:
"In an earlier commentary about responsibility , I posted a table of the debt increases by Presidential Administrations. Another view of that debt increase monstrosity is the chart copied below , but please do not look at it if you are prone to heart problems or fainting spells."
Most everyone is bearish on the dollar, which is in itself bullish.
Please note that the budget deficit had turned into surplus by year 2000.
click on graph to enlarge
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