The chart that made me a silver bug (added imagined scenarios)
This chart was one that got me thinking silver’s time to shine had finally arrived… or was close too.
Now.. after Feb close… GSR is back in bull mode… and might go for all-time highs, but at the same time creating a rising wedge…
So before starting to add silver in my portfolio (still 100% cash right now) … I’ll wait to see this turn. Patience
Edit: adding imagined scenario for silver… the idea is… don’t go long if below 30 week moving average.
Edit: Adding imagined scenario for gold… gold is still above an inclining 30 week ma.. and confirmed bounces off it of it should be considered great entry points
Thanks Patrick. Hard to know how much lower we might go, but once the printing press starts to put in some overtime, there’s only one way this is going to end.