Monday, June 27, 2011


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Silver is nearing $33 an ounce as highlighted in previous post earlier today. This is a crucial level and needs to hold, SLW Wheaton as well is testing key levels near term. Last week ITZ noted a Falling Wedge formation, expected a breakout last week. Appears as if it will most likely see $30 or $29 as pointed out in chart below. The next few weeks will be decisive for risk plays as we deal with Greece as well as U.S. debt issues, QE2 ends, jobs reports and as earnings start coming out.

Silver Wheaton CEO Randy V.J. Smallwood is out with some interesting comments regarding the silver space and where he sees silver prices going..... Read more

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