Red-Hot Resources

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Tuesday, May 23, 2006

Chart Parade #2 -- Silver


Here, you can see that silver has found support in a number of ways...

1) at the bottom of its Bollinger Band

2) at the low set in April.

Silver bounced hard today. At the bottom of the chart is the stochastics oscillator, which measures momentum. It's rising out of "oversold" -- pretty bullish.

So what stocks do you buy now? Ah, that's the million-dollar question...
Check out my new gold and energy blog at MoneyAndMarkets.com