Monday, December 3, 2012

A Look at March Silver

– Posted in: Free Rick's Picks

I've included a tout for March Silver in today's list in response to a chat-room request. It's been a while since we've looked at this vehicle, but as you'll be able to surmise for yourself, although there is reason for a little optimism right now, excitement is not in the immediate picture.

SIH13 – March Silver (Last:33.605)

– Posted in: Current Touts Free Rick's Picks

Bullion has been in a tedious dirge for too long, but you didn't subscribe to Rick's Picks just to have me sugar-coat the forecast for you, right?  Under the circumstances, modest encouragement is about all I can offer at the moment in the form of the green impulse leg I've highlighted in the chart. It recently gave way to a bearish impulse leg of lesser degree, turning the short-term picture into a "duel."  Still, the bullish leg remains the stronger of the two, and that's why we can give bulls the small benefit of the doubt for the time being.  If they can get traction today or tomorrow, the Hidden Pivot coordinates I've placed on the chart can serve to guide you.  Remember that a two-day close above 'p' would imply there's an odds-on chance that 'D' (34.71, not shown)  will be reached.  It’s easier than you might imagine to out-forecast gurus who do it for a living. Click here for a free trial.