Pay Day Price Analysis - 29 Nov 2011

In the big scheme of things, silver is still below it's 300 day moving average, even being up $0.88 today (1 day after these charts). I think at present, below $33.85 silver is a great price. With current events, especially bailing out Europe, mid to low 20's seems unlikely - but who knows what could happen. If war breaks out in the middle east, I think a LOT of money will come running into the US dollar, possibly forcing silver down.


(LATE EDIT - One big thing I noticed that I forgot to menton is the formation of a death cross between the 80 and 200 day moving average.  That's a pretty significant occurance, that I think could signal a correction... we'll have to watch that one.)



Silver is below the 80 day, 200 day, and 300 day moving averages.  1 paycheck contribution towards stacking.

Gold is below the 80 day, but still above the 200 and 300 day moving average.  I'm still going to wait until gold is below the 200 day moving average.

Gold to Silver Ratio: 53.45
Gold to DJIA: 6.44
Silver P200: 0.87