Loading ...And like clockwork, sellers come out to ruin the fun…
AG so far unable to get through its 10 year downtrend line and as of 11 am est is putting in a reversal candle. I had a feeling this morning was too good to be true. Obviously we have to wait until the close to make a final verdict, but some sort of pullback consolidation wouldn’t surprise me at this point, especially for silver and silver miners.
Someday someway…
Looks good to me
Why give up so early in the week ?
I am a pessimist by nature (I like to call it being a “realist”). Would love to see it just finally blast through $15 and never look back maybe it can do it this week, maybe not. But I personally don’t like these huge gap up opens as they create a natural magnet for a reversal. Much prefer smooth, gapless ramps, which can occur in miners although very rarely.
Nautilus, the pullback in AG from near the 52-week highs could be expected but I think AG is going to blow through $15 like a knife through butter, and soon.
This is a weekly Gap
Rare
Last one I recall was when the PM Disaster back in 2012 began
That gap lasted 8 years
Well it has to stick until Friday.
My internal indicators which I do not post are all saying this is the real deal.
Oh I don’t doubt this is the real deal. My only doubts at this point are price vs time. It’s fine if it decides to take a breather here for a few weeks.
Personally, I think AG will see $100 within 2-2.5 years and possibly higher. At this point, for me its a matter of deciding when to start scaling out, and then, what to buy (or pay off) with the freed up cash. But this is probably 2 or more years out.