YeOldGoldNugget's Blog Spot: Orko Silver Chart October 07, 2009

Wednesday, October 7, 2009

Orko Silver Chart October 07, 2009

By 79Atoms on Wednesday, October 07, 2009

Orko Silver Daily Chart

Chart is courtesy of marketclub.
Marketclub - Orko Silver Corp. Trend Analysis.

I'm just gonna do a quick chart here. So lets see what we got here, another higher opening at 0.94 for Orko Silver. Good start of the day! Went up to 0.95 but got pulled down to 0.92 in the morning hours. The afternoon got a bit better and saw some further action between the low and the high of the day.

It looked like we were gonna close in the red but some 30.000 shares bought about a half hour for closing brought us back in the green and at a close of 0.950 +0.020 (2.15%).

I see a bullish crossover coming on the boards which means I'm looking at higher prices in the coming days. I'm definitely not looking any lower right now.

Anything more than the 0.95 today was not in the cards. The dollar got severely beaten yesterday as it devalued against most if not all other currencies...with the exception of the odd few then. So, since yesterday's beating the dollar is now regaining a few little points. I say few cause for it to break 78.00 it first has to go to 72.00

I took a screenshot of some currency pairs. This is from yesterday.

Currency Pairs

Chart courtesy of NetDania

Faith in the US dollar? Safe haven? Rally coming anytime soon?

HARDLY!

Also, have a quick look at the following ebay auction. Don't forget to read what the auctioneer writes beneath his auction.

Gold and silver kept their gains and will move higher up in the coming days and weeks, there is no need for consolidation any time soon. Still plenty of up possible without a hint of overbought status.