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Bookmark this on Delicious Is Silver Wheaton (SLW) repeating a similar chart pattern? If so expect a 50% retracement to the $35 level then a rally to at least a retest of $40 or even higher. Longer term ITZ sees a 'Head & Shoulders' pattern developing with $30 being the neckline. Would really like to see the all-time high around $47 surpassed.
My Twitter friend Ashraf Laidi posted some very insightful silver charts yesterday Silver Lining, Debt Ceiling & Quant Easing check it out. BNN Interview
ITZ has taken the CFTC chart and added that of Silver Wheaton (SLW).
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