Monthly silver MACD suggests BIG upside move coming soon

http://www.goldsqueeze.com/technical-analysis/monthly-macd-suggests-big-move-up-in-silver-on-horizon

The RSI and MACD were flashing signs of strength while the price of silver moved sideways.  This led me to believe that silver would eventually break to the upside.  And, sure enough, during the week of June 16, 2014, silver (and gold) exploded to the upside on strong volume breaking through that descending blue line of resistance.  Now that silver has broken out of a very long consolidation phase, I believe it will really start to move up in the coming months.  The measured move* suggests a price target of at least $80/oz.  While it may take a couple years to get there, the technical analysis of silver is very encouraging.


[*The measured move is calculated by subtracting the low point of the consolidation from the high point of the prior peak and then adding that number to the peak.  In this case (using rough numbers), the peak was $50/oz. and the low was about $18/oz.  Therefore $50 (high) - $18 (low) = $32. The measured move = $50 + $32 = $82]