Loading ...Six Years Ago
A Trip down Memory Lane ! Where were You 6 years ago to the minute ?
Silver was going Nuckin Futz for months and months. on the verge of $50
Then Out of Nowhere in the overnight session May 1 2011 ! Bam !
and here we are 6 years later praying for $19 Silver ! Who’d a thunk it ?
rsi at 90 with at fat tail doji cluster! hmmmmmmm go figure. Hhopefully I am smarter with the charts this time around.
Also, note the RSI positive divergence at the possible double bottom…
It’s a timely reminder that the unthinkable can happen. Whilst I don’t think it will happen, I’m not going to completely dismiss $500 gold and $5 silver.
Take some profits?
FWIW, the EW guys predicted this would happen. They also now say the Silver bear market is not over – wonder if they are right again???
Chances are they might be right again that it ain’t over till stocks roll over and money rotate into gold from stocks
What and who are the EW Guys ? Prechter ? eesh….wrong 90% of the time.