Loading ...Exciting Move in Silver Today
Right ?
Silver is ALWAYS Exciting Right…always volatile and unpredictable eh ?
Well…..um….maybe not always
Another look….Silver’s Big Squeeze ? maybe its just squeezing between the 50 Month and 200 Month Moving Averages
I want silver to go nucken futz as much as anybody but realistically what are the odds that it will do so right this red hot moment based on this chart ?
Fully, the sober voice of reason… just have a little Kool-Aid.
OK T-bone…maybe just a taste…its addicting you know
🙂
Eat some Gummies! Please….
Now I need a scotch, not the sober voice of reason.
I checked my SLV and silver charts yesterday in light of the news of this “breakout”.
Both have been making a pattern of lower highs, bearishness 101, for some time. Until
both put in a higher high, I can only assume continued bearishness and so would any
other rational investor/speculator.
Moreover, as you have correctly pointed out, the (downward sloping) monthly SMA 50 for both SLV
& silver has been acting as resistance for over 18 months. This is not indicative of
imminent bullishness.
I think the tell will be how much damage 3+% interest rates will actually do.
We need the Eagle back in the tent.
C’mon ES been following your $WTIC & Natty, we need a GDX update Eagle here at the tent.
One chart no fluff right to the point money in the bank charting by the Eagle…..
Thanks in advance ES
Eagle is posting mostly on Twitter these days – @b_seagle.