650 years of Historical Silver prices

Above is a 650 year graph of silver prices and silver/gold ratio from 1344 to 2004.
Source: http://goldinfo.net/silver-600.aspx

Interesting chart and good news for the bulls

S&P 500 breakdown imminent

S&P500 has held up well in the current markets compared to global indices. However there are chart patterns which show S&P500 is in a similar situation like March- April 2008. A breakdown below 1100 will further confirm this and may lead to a global sell-off in all asset classes like Equity, Commodities etc.

Nifty is now at new lows and a close below 4500 could lead to a free fall. This will of course be helped by the S&P500 breaking down. Stay Short - its a high probability, high risk-reward trade on the downside.

4500-4650 last defense for Bulls

Bulls make money, Bears make money, Pigs get slaughtered. However the few remaining Bulls on the street might get slaughtered if Nifty breaks below 4500-4650 zone. See the chart. Nifty has been falling in a neat channel from the Nov 2010 highs. A breakdown below that channel and also below the 4500-4650 confluence zone which has proved important support and resiatnce points in the past will sound the death knoll for the bulls. Its a good time to be a bear. Stay short!