Submitted by Morris Hubbartt:
The pullback in silver this week brought the important RSI indicator back down to the key 30 area. Silver is one of my favorite long term growth investments.
On the long term silver chart, RSI for silver has declined to 30 area, seven times. Six big rallies have occurred after each of those events. Will this time be “lucky number 7”? I think so, and my target for this rally is $44.