Silver Break Out Imminent | Silver and Gold rise on geo-political fear and inflation

Silver is hovering between $40.50 and $41.00 looking to be ready to pop.  Based on many factors such as gold/silver ratio, technical analysis, fundamentals and geo-political climate, it has been MarketScheming belief silver will continue to ride to new highs. 

Below is a Live chart of silver from Kitco.

EURUSD Technical Analysis Chart - Triangle for EUR/USD which way will it break?

Massive Triangle the EUR/USD is in.  It will be interesting to see how this forex cross deals with the overbought condition on the market with in the next couple of days.

This market is going to be dramatically affected by the on going debt problems in the EuroZone along with the US debt woes.

Metal composition of Canadian Coins | Silver Content of Canadian Quarters | Canadian Coins metal composition

Metal composition and mass of Canadian Coins | Silver Content of Canadian Quarters | Canadian Coins metal composition

I was looking for the Silver content of a 1949 Canadian Quarter (which is approximately 0.16 oz) and I stumbled upon a blog that had a link to the BC Science Teachers Association website. This PDF contains the time period, composition, and mass of all circulating Canadian coins.

Mass and Metal Content of Canadian coins

Check out the Royal Canadian Mint for more information on Canadian coins.

See Page post: Metal composition of Canadian Coins | Silver Content of Canadian Quarters | Canadian Coins metal composition

Great Panther Resources (TSX:GPR) - Technical Analysis Charts and Predictions

It is my belief we are entering into a new impulse to the upside however there is potential that if 2.90 - 3.00 break watch out below.  So keep stops tight on entries.

The 200 Day MA is solid support along with the recent pull back which was 61.8% retracement.  Target prices are 4.25 and 5.20.  Great Panther Resources looks well positioned as silver continues its rise. 

ETF TBT | 20+ year treasury short analysis | Long end of the yield curve likely to rise

It looks like the bottom is in for TBT which is the 20+ year treasuries bear etf.

Breaks of the 27 and 28.5  levels will send this ETF skying towards 29.20 or 30.50 levels.  Volume came in today which if it continues will likely confirm the bottom is in therefore a top in the treasury prices which means a low in treasury yields.  Money is looking to flow out in to other assets such as stocks / commodities.

S&P 500 predicitions into the end of 2011 | S&P 500 Technical Analysis

These are my targets for the next 6 months.

Looks like we have entered a triangle that will terminate at the latest early 2012.  The targets I am looking at are 1230-ish and 1260-ish.  At that time I am expecting substantially lower prices in the S&P500.  Below are the downside targets if these levels prove to be resistance.

S&P500 : 1000 level and 850 level are expected.  Watch for the break of the white line as confirmation lower levels are likely.

Silver SLV Technical Analysis | Silver looking to move higher | Fundamentals and Technicals Point higher for Silver

  

Silver looks to have started an impulse wave to the upside.  Wave 2 was a 61.8% retracement of wave 1, and current the price is staying above the 50 day MA.  Breaks above 40 in the SLV should be confirmation that higher prices are to come.  Target 1 sits around 44.30 and target 2 is at 50 on the SLV.  Look for price to stay contained within the channel lines for most of the ride up.

The MACD is looking like it will reject the 0 level and move higher.  Overall silver is looking solid for more analysis on silver check out this video.