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SLV Daily Chart 

One thing that has been working swimmingly over the past month has been precious metals, and in particular precious metal mining stocks. I'm currently working off the thesis that the bottom of the 4 year bear market in precious metals bottomed last month. Silver showed an absolutely beautiful bottom on the daily chart. It needs to move above that green line to confirm, and then move above it's long term 4 year downtrend line. If that indeed happens, the mining stocks should be soaring. 

This could be evidence of a shift in the overall indices as well.