SLV will "likely" see 14.43 before any turn higher. Not sure what that translates to in the "actual" silver price. I do know I wouldn't even consider a buy in silver unless SLV trades that low though.
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SLV will "likely" see 14.43 before any turn higher. Not sure what that translates to in the "actual" silver price. I do know I wouldn't even consider a buy in silver unless SLV trades that low though.
You could be right but the upside potential is way more to risk waiting. The smart people have already bought and are holding and may even add more if the price goes to those levels. Once silver and gold break out, silver is gonna go up to at least $100.00 and gold to at least $3200.00 within a year or two.
More like silver to $10 and gold to $1000 but yes, there will definitely be some deadcat bounces. You just missed one in fact. But don't worry, so did every other card carrying gold and silver advocate. :-) Gold and silver won't rise in a deflationay environment. The current rise in "market driven" rates are only going to result as the catalyst for the market takedown to reach "final" crash and burn highs. The banks and finan "shill" plays...the arch enemy of both crypto believers as well as those who think gold and silver will be a "safe haven." Bank of America is going to trade through its 52 week high for instance. It's all a game. If you think a BAC bankruptcy filing is going to be an inflationary event then you are sadly mistaken.
Breakouts are necessary for manipulations. If you think it's possible to continue to suppress the price without a breakout, you're sadly mistaken. Breakouts are part of the manipulation. They're called pump and dump ;]
Nobody knows the exact time(excluding the manipulators) so patience is key while the price is still trying to settle a bottom...
All the talk of manipulation is utter nonsense. The markets are still "free" markets. The problem is that the Fed put the Wall St gamblers in a position where the free money that was doled out needs a place to go. So like always, they will do what they always do >>> gamble with it. The computer quant traders make mistakes just like anyone does however. It's funny how all of the silver bugs in particular constantly cry about manipulation...yet none of them even acknowledge the fact that the BIG manipulator (Deutche Bank) was fined for manipulating silver during the period that included the period when it was trading at 2011 highs. Do the research. The windup for the cry baby silver stackers is that silver is only manipulated when it is trading lower. When it is in a bubble they are all celebrating their great fortune though. Just like the crypto buyers have been the past 3 months. Wait'll you see them crying manipulation soon. The boards here at steemit will be full of crypto HODLers crying about how they got manipulated soon. Real soon too.
Yikes
This is about as ugly as it can possibly get for commodity longs. Looks like the dollah about to stage a bull flag breakout here. There's an upside target of 24.75. I don't advocate shorting gapdown moves...but it might be a good time to hedge silver and gold longs.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=uup&x=43&y=13&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11