Orko Silver Chart on Google.
Another great day for Orko Silver as we see the stock breaking further away from its slightly downward moving trading pattern.
I will post a chart here of Orko Silver with some details to clarify this.
Those two lines represent the descending pattern and you can clearly see the breakout. That to me is very bullish.
It means more investors are getting interested in Orko Silver or more holders are buying more shares while we are still this low. Whatever the reason, doesn’t really matter. What matters is the breakout from the downward trading range.
The breakout is a near fact (maybe need one more up day) so where we go from here depends wholly on the actions of gold/silver, Orko’s to be expected drill results and the WTH-factor. The last one is the What The Hell factor, that’s were things happen that do not quite compute in once brain.
Meaning, large unexplainable sell-offs, huge on-no-news price increases, general stock market decline, fall of the dollar, gold breaking 1000 consistently for more than x-consecutive days…and the lot, you know what I mean.
All in all, judging by today’s action in gold which also broke out of a similar pattern and triangle indicates higher prices in the near term future.
What the next days have in store for Orko Silver I cannot say but I’m betting that we will see another increase tomorrow.
Also, we had some nice volume today, more then 300K shares were traded which is pretty decent volume. Hope this is a sign of things to come. Although one has to consider that Orko Silver for the moment is riding the wave of the gold/silver increase and the fact that Orko itself is so undervalued and dirt cheap at the moment. Investors who did their homework should know by now that Orko Silver has all the fundamentals needed to not only survive this recession but also to come out stronger than ever.
If things do work out we’re looking at our next target.
Good fortune to all.
YeOldGoldNugget’s links of interest
- Are You Laughing or Crying About Markets?
- Introducing the Perfect Portfolio
- What does winter hold for Crude Oil?
- Free Email Trading Course Copy
- New Video: ETF GLD is analyzed