Goldtent TA Paradise

Silver thoughts

1. Trekker says:

   February 21, 2019 - 7:50 pm at 7:50 pm

   Wow. Surf.
   U got me doubting this bull.

   • Afasilver says:

     February 21, 2019 - 7:56 pm at 7:56 pm

     Please see my comments to Eagle Seagle in the follow-on post. I wouldn’t doubt it, plenty of room to run on the weekly and monthly charts. When bull markets take off they move in the face of conventional wisdom at first, leaving many on the sidelines. I think many of us need to wake up and smell the coffee. I personally would be petrified had I stayed on the sideline during this move. I’m very fortunate to have some good mentors in Rambus, Plunger, Fully, and Mike Oliver. It’ becoming easy to sit in the green now, knowing this move should continue for multiple years.

   • Surf City says:

     February 21, 2019 - 9:49 pm at 9:49 pm

     I am not Bearish longer term and I am expecting a higher low to form than August 2018 that is for sure. The Intermediate Cycle is long in the tooth, however, and pullbacks are needed to keep a bullish trend alive.

     Remember the old adage: “When you are Yelling, you should be Selling and when you are Crying you should be Buying…

     • Afasilver says:

       February 21, 2019 - 11:48 pm at 11:48 pm

       Fair enough … however, if this is a bull, I think it will continue to surprise many, but to the upside. For many gold price watchers (and chasers), the pain of seeing the $1350-$1400 line rejected 5+ times over the last 5+ years means the latest rejection will force price down for a while, but to follow a different old adage: “If it’s obvious, it’s obviously wrong.”

       The advance from the lows since last August has been slow, methodical, stair-stepping it’s way up, not like 2016, which is very reassuring. I see everything over the last 6-months very healthy and promising. I think price will run higher and continue to shock those on the sidelines, kinda like the general markets shocked many over the last 10+ years. I do agree a healthy pullback will be needed, but maybe further down the road … we shall see.