*I had an email request to take a look at silver, so here are a couple charts with a few comments. *First, let's take a look at the bigger picture of the WEEKLY chart of iShares Silver Trust ETF (SLV).*It appears to me that SLV stopped just short today of breaking out to some wide open blue sky. Nice BUY signal from the TSI last week. Money Flow is healthy and steady. Also, a ZERO line crossover. I would think this rally is just getting going (slight understatement)*Click on the charts to ENLARGE*Here is SLV on a DAILY chart. True Strength Index (TSI) and Money Flow Index (MFI) trend line breakouts with today's price movement. Interesting that SLV just jumped over the downward sloping trendline overhead. A lot of times when you see this it means price is never coming back again to fill the gap. Considering today is only Day 1 of gold's daily cycle, I consider this a strong possibility. Also, gold just did the same thing the other day leaving a gap open at $1205 that I suspect will never be filled......at least not for a long long time.
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