Today's interesting charts
Eoin Treacy's view Use the "View
All Charts" function to click through any section of the Chart Library
in order to get a broad idea of how trends are evolving.
Silver
- accelerating
higher and closing in on the 1980
peak near $40. A clear downward dynamic will be required to check momentum
beyond a brief pause.
Silver
shares such as Coeur d'Alene Mines,
Silver Standard Resources, Silvercorp
Metals, Hecla Mining, Silver
Wheaton Corp, Endeavour Silver,
Pan American Silver, Fortune
Silver Mines and First Majestic Silver
have so far lagged the metal price but have potential to catch-up if silver
sustains such high prices beyond the short term.
Germany
-
posts a key day reversal. Additional
follow through tomorrow would confirm
that a high of at least near-term significance has been reached. A decline of
more than 230 points would be larger than any seen since September and would
likely indicate a lengthier period of consolidation is underway.
FTSE-350
Banks - pulling
back from the upper side of the 17-month range. It will need to sustain
a move above 5400 to complete this lengthy consolidation and indicate a return
to medium-term demand dominance.