Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.
(The chart should read early September 2007, thanks go to one of my German colleague's. Doesn't change the story though, one sometimes has to look back into the past to discover present trends.)
As of today I will if required also include a weekly and a monthly chart. On today's weekly chart we have something quite amazing. If you look at early September 2007 you'll see that around 0.90 we started a huge rally up to 2.17 from where we traded sideways until April before starting on our crisis drop.
We dipped under the line I drew there, crossed over once to around 1.00 in late march before dipping under again. Now the stock has reached an exact same moment.
One has to wonder, with a little help from the price of silver, a news release perhaps,...where Orko Silver Corp. will go from here on?
24h Spot Chart - Silver
Once gold breaks 1033 we can expect an even stronger performance from silver.
Monthly Chart
Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.
I just included the monthly chart to highlight our current run-up and why this looks so strong to me.
If you look at the chart, as you see the chart goes all the way back to 2005. Now, go ahead and count the number of months with a similar strong performance.
Over the course of the past 5 years I can count only 6 times in which the monthly performance was AND up AND with this great a difference between high and low.
If anyone needed any more convincing that Orko Silver Corp. has the potential to do it all over again and even more...I just say...look at the candles.
Renewed interest, strong performance and steady gains.
True, the last days saw more tougher trading, harder points to break it seems but the more the buyers buy and keep it each day notching up a little, makes it harder for the stock to drop. The downside therefore is decreasing significantly.
No need to do a daily chart today. Nothing has changed since yesterday. All technicals are still in my favorite position...looking to go UP.
To higher profits...
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![Live 24 hours silver chart [ Kitco Inc. ]](http://www.kitco.com/images/live/silver.gif)
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Last September the run up was caused by rumors that the new resource count was going to be in excess of 200Moz.
ReplyDeleteThnx for that information!
ReplyDeleteAnyway, it looks like today might be the beginning of the end of a price under 1.00
About your comment, I say, last year it were rumors,...this and next year will bring those additional ounces for sure. I'm not saying in excess of 200 Moz but with Orko also targeting their other project area's they will be bound to find something.
Pan America and Orko are drilling now so you can expect a constant stream of results from now on.
Thats why I'm so bullish on Orko Silver.
just checking.
ReplyDelete