Loading ...Silver Preparing For Major Breakout
It’s just a matter of time in my view. Downside to somewhere near $16, upside ? well, let’s just say much more than 1 or 2 Dollars…
And when silver makes its move, the miners will (in my view) make some people very rich. Here are a couple of charts I’ll be watching (amongst many others)…
PHABULOUS CHARTS NORTHSTAR !
Thanks buddy. We’re still waiting for the big move, even after the nice move we’ve seen this Summer. That Gold/Silver ratio needs to break down. Then we’ll be in business.
As for the timing between gold and silver’s next leg up… I’m thinking gold will continue to consolidate until break above 1540-1560.. until silver breaks out above its 20 mark. THEN it’s go time. #theories
Thank you again.
Not at all contradicting the thought of a possible pretty big further down (for example to 16) soon-ish but a massive advance later (or even sooner), I have wondered whether silver may have a tendency to hover around 17.00 for a while. The charts don’t argue for 17.00 acting like an attractor for the price as strongly as charts suggest 1500 seems to attract gold, but maybe they suggest 17.00 as an a silver attractor a little bit. That’s one reason I lightened up a lot on one of my favorite silver stocks last month.
Actually I sold all of one of my very very favorite silver stocks yesterday, a real pet of mine, (one that doesn’t trade much and people here may own so I won’t mention it). However I hope to be able to buy it back. I sold all of a tinier company with mainly silver properties yesterday as well.
The one I sold a lot of last month was AXU, another of my pets. I still own a lot of it. I hope to buy some back. If silver goes straight up this afternoon, I’m still fine with what I have.