from Silver Doctors:
The April & June declines took silver below where it was trading before quantitative easing began.
The Fed has been very clear that it remains committed to stimulus and to a low interest rate environment. In my professional opinion, the price of silver should not be trading now, below where it was when QE started. I think silver traders overreacted to “taper time” talk, and a sizable rally is very likely.
- The technical outlook for gold, silver, and mining companies continues to improve. Please click here now. That’s the daily gold chart, and it looks excellent.
- First, note the position of my stokeillator (14,7,7 Stochastics series), at the bottom of the chart. The lines are touching, and close to generating a key buy signal.
- Furthermore, this potential buy signal is occurring with the lead line near the 50 level, which is where powerful momentum-based price rallies can begin.
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