PSLV – Daily Elder Impulse System, 24 May

Well lookie here, silver is breaking away real nice today and unlike gold is hanging on to the gains so far. PSLV, the 100% allocated and real silver bullion fund, is painting the 1st green bar since the bottom fell out at 23. I think we have a sweet buy signal right here, but remember that the green bar indicates a long entry only if price is above the 65 day exponential moving average (blue).  It is only a few cents below it right now and this may be close enough for government work. I like a rotation of speculative money from gold to silver here, with the core remaining in gold.

via PSLV – Daily Elder Impulse System.

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