{"id":747,"date":"2011-04-27T03:37:14","date_gmt":"2011-04-27T03:37:14","guid":{"rendered":"http:\/\/www.cashthechaos.com\/blog\/?p=747"},"modified":"2011-05-06T07:29:25","modified_gmt":"2011-05-06T07:29:25","slug":"silver-looks-toppy-but-dollar-index-needs-to-bottom","status":"publish","type":"post","link":"https:\/\/www.cashthechaos.com\/blog\/2011\/04\/27\/silver-looks-toppy-but-dollar-index-needs-to-bottom\/","title":{"rendered":"Silver looks toppy but Dollar Index needs to bottom"},"content":{"rendered":"<p>Silver's sharp decline after hitting a multi-decade high warrants close attention.<\/p>\n<div id=\"attachment_748\" style=\"width: 410px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Silver27Apr2011.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-748\" class=\"size-medium wp-image-748 \" title=\"Silver27Apr2011\" src=\"https:\/\/www.cashthechaos.com\/blog\/wp-content\/uploads\/Silver27Apr2011-300x192.jpg\" alt=\"\" width=\"400\" height=\"225\" \/><\/a><p id=\"caption-attachment-748\" class=\"wp-caption-text\">Silver- Daily Charts<\/p><\/div>\n<p>The daily chart of silver above marks the \"long-legged doji\" which is a key warning of sign of an impending reversal. Moreover this pattern (a) has\u00a0occurred\u00a0after a prolonged and parabolic rise in silver (b) has seen follow through selling on very heavy volumes and (c) has faced resistance at the 1980 highs. These are mouth-watering signs for much lower prices for silver.<\/p>\n<p>However I will probe this set up <span style=\"text-decoration: underline;\">with a very small short trade<\/span> - the Dollar Index has shown no signs of reversal and is merely consolidating near the lows. Unless the\u00a0green-back\u00a0turns up this might turn out to be just a fleeting drop in an up-trend.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver&#8217;s sharp decline after hitting a multi-decade high warrants close attention. The daily chart of silver above marks the &#8220;long-legged doji&#8221; which is a key warning of sign of an impending reversal. Moreover this pattern (a) has\u00a0occurred\u00a0after a prolonged and parabolic rise in silver (b) has seen follow through selling on very heavy volumes and <a href='https:\/\/www.cashthechaos.com\/blog\/2011\/04\/27\/silver-looks-toppy-but-dollar-index-needs-to-bottom\/' class='excerpt-more'>[&#8230;]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[11,36],"class_list":["post-747","post","type-post","status-publish","format-standard","hentry","category-commodities","tag-linkedin","tag-silver","category-41-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/comments?post=747"}],"version-history":[{"count":4,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/747\/revisions"}],"predecessor-version":[{"id":766,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/posts\/747\/revisions\/766"}],"wp:attachment":[{"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/media?parent=747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/categories?post=747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashthechaos.com\/blog\/wp-json\/wp\/v2\/tags?post=747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}