Loading ...Bob
We call Silver Bob…as in What About Bob ? Because it is manic depressive .
Well today Bob broke through not one but two well defined triangles
I will leave it to you a to decide what the PO (Price Objective) is..
We may get a backtest to those bottom lines ( or not)
But this is Grim ( unless we get a strong rally this week.)
Price objective ? Trending towards zero it seems.
Maybe that’s the sin of the precious metals. The cheaper they are, the faster the Comex will default (in metal terms they can’t be broke in contracts).
I would have never thought this was possible when I was a raging silver bull.
Pretty opportune time to be buying silver monster boxes. Downside risk is pretty limited. Even if its $2-4 big deal in the greater scheme of things
On calendar day 48 so has about a week before it bottoms so should break 13.62
There is some positive divergence on some of the indicators so I agree with Plunger it is time to start circling with some “stink” bids.
Maybea, but is it possible we gain a few cents after this cycle bottoms, then turn and drop another dollar or two ?