{"id":981,"date":"2011-11-16T15:27:45","date_gmt":"2011-11-16T19:27:45","guid":{"rendered":"http:\/\/tradecurrencynow.com\/forex-trading-help-blog\/?p=981"},"modified":"2012-01-09T09:34:49","modified_gmt":"2012-01-09T13:34:49","slug":"a-deadly-sign-for-silver","status":"publish","type":"post","link":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/a-deadly-sign-for-silver\/","title":{"rendered":"A Deadly Sign for Silver"},"content":{"rendered":"

Received from the YoloHub.com and written in part by Jeff Clark<\/a><\/p>\n

Precious metals bulls are getting all worked up over the price action in silver. Why shouldn\u2019t they? The price of the metal is up 18% in just the past three weeks. It\u2019s showing a 10% gain on the year. And analysts are predicting more gains to come.<\/p>\n

All of a sudden, everyone loves silver.<\/p>\n

I love silver, too. But I\u2019m not buying it here. Not after what happened last week.<\/p>\n

Last week, silver\u2019s 50-day moving average (DMA) crossed below its 200-DMA. Technical analysts refer to this action as a \u201cdeath cross,\u201d and it is considered a bearish development. This is textbook technical analysis 101. Everybody who pays attention to charts knows this is a bad sign.<\/p>\n

But ever since the death cross occurred, I haven\u2019t heard anyone talk about it. Not a single soul.<\/p>\n

To be completely honest, I\u2019m not a big fan of following the 50- and 200-DMAs. They\u2019re just too popular. Everyone else pays attention to them, so their use as a technical tool is diluted. I prefer to look for signals no one else is following.<\/p>\n

But the death cross on silver\u2019s chart is a clear bearish sign\u2026 And no one noticed it. That makes me want to pay attention.<\/p>\n

It has been three years since the last silver death cross. In September 2008, the 50-DMA crossed below the 200-DMA\u2026 And the price of silver dropped 30% in the next two months.<\/p>\n

If we get the same sort of action this time around, the price of silver could fall as low as $25 per ounce by the end of the year.<\/p>\n

Please understand that I\u2019m not predicting that severe of a decline. I just won\u2019t be surprised if it happens. But I am suggesting that if you\u2019re looking to buy silver, you may get a better opportunity to do so a few weeks from now.<\/p>\n

I hope the above currency trading information was of help to you.<\/p>\n

Anthony DiChi at TradeCurrencyNow,
\nAmerica’s Forex News<\/a> and currency information source.<\/p>\n","protected":false},"excerpt":{"rendered":"

Received from the YoloHub.com and written in part by Jeff Clark Precious metals bulls are getting all worked up over the price action in silver. Why shouldn\u2019t they? The price of the metal is up 18% in just the past three weeks. It\u2019s showing a 10% gain on the year. And analysts are predicting more […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5],"tags":[],"class_list":["post-981","post","type-post","status-publish","format-standard","hentry","category-trade-gold-and-silver-blog","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8riK9-fP","_links":{"self":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts\/981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/comments?post=981"}],"version-history":[{"count":4,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts\/981\/revisions"}],"predecessor-version":[{"id":1004,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/posts\/981\/revisions\/1004"}],"wp:attachment":[{"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/media?parent=981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/categories?post=981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradecurrencynow.com\/forex-trading-help-blog\/wp-json\/wp\/v2\/tags?post=981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}