Loading ...MAKE NO MISTAKE ABOUT IT
THE LAST 2 DAYS IN PRECIOUS METALS STOCKS WERE HISTORIC
ONCE IN A LIFETIME ( HELL ONCE IN FOREVER) MOVES …WITH VOLUME
I BELIEVE PLUNGER EXPLAINED THE SITUATION INCREDIBLY WELL ( SEE HIS POST NEAR THE TOP ON THE SIDEBAR)
I AM IN AWE OF THESE MOVES TODAY !
if SILVER IS ABOUT TO CRASH FURTHER…THEN SOMEONE IS A COMPLETE IDIOT FOR BIDDING UP THESE SILVER STOCKS 30% TODAY !
I agree about the size of the moves, but let us see how the miners close out the week. It’s way too early to hoot and holler IMO.
and it is also no small matter of taking out the February peak, which I don’t think will happen for potentially a year or more. I sincerely hope I am comically wrong and all those with their boats fully loaded get rewarded as the HUI screams towards 600.
They’re idiots unless it’s big players who bought at the bottom with an agenda, and this is the mother of all Pump and Dumps playing out.
Problem is we will only know in hindsight.
Until the recent highs and lows are taken out (and that obviously represents an enormous range), it is literally up in the air. I will say this though, the recent plunge hasn’t done any favors to the technical outlook. If we were to just rocket high a la 2016 and take out the February high, fair play to the banksters for sheering the sheep.
I mentioned down there near those bottoms that the ROC was telling us there was going to be an unbelievable sling shot move to the upside once it turned. That is what we have witnessed over the past 2 days. Just like they took all of the stocks down almost all of the stocks slung up.
Now come the sorting process. I have mentioned many times about the GSR going to unreal number in the next crisis. Well guess what I got that one right. It could go even higher. That means silver should diverge from gold. I sold most of my silver stocks today. Gold and quality gold shares are the trade now.
I took a lot of money off the table today and will be looking to go long or short the SM at the right time.
I did ride up FVN thanks to plunger! Fun 2 ride for 20% but sold for now. Good to get a win finally