Silver Cleared For Take-Off, January Target: $44

By Morris Hubbartt 

Silver is an ideal metal to accumulate on price weakness.  The market is currently oversold. 

 Please note how perfectly the price has pulled back to the green downtrend line, after staging a magnificent breakout!  Silver’s RSI and CCI indicators are currently flashing strong buy signals.  I expect the $44 price target will be acquired by January, 2013.  The “silver plane” appears to be cleared for take-off. 

Are you are on board?

• Silver is an ideal metal to accumulate on price weakness.  The market is currently oversold.  Please note how perfectly the price has pulled back to the green downtrend line, after staging a magnificent breakout!

• The Aroon indicator is very effective at identifying the start of a new trend. Note the superb location of this indicator now.

• The RSI and CCI indicators are also flashing strong buy signals.  I expect the $44 price target will be acquired by January, 2013.  The “silver plane” appears to be cleared for take-off.  I hope you are on board!

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