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Silver has a ‘Popeye’ month

Topic: Silver — May 30th, 2009
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Popeye and Bluto 30 May 09.JPG

The chart below must put a smile on the faces of all the patient silver bugs out there as it has blasted from the $12.00 level to close yesterday at $15.73

Silver chart 30 May 09.JPG


Chart courtesy of Stockcharts

A combination of the Korean nuclear threat, a falling US Dollar, rising oil and rising gold prices all helped set the stage for silver to make a largely un-noticed leap forward to position itself at the front of the pack (read more…)


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