SILVER
Quote taken from my post this past Monday titled “Almost There” “…I do believe that once silver exceeds the 30 high from early last Aug. it will at least reach 35 on this upleg. ” Now updating that to say that since this upleg has only just begun, it will see 37.50 and 40 in the not too distant future. Yesterday, in my “URGENT ALERT” I said to buy all dips and you were presented with one during yesterday’s trading session. Last week, when I was extremely bullish on Silver, I was challenged as to why I was so bullish. I revealed that the silver chart was almost complete with an inverse H&S and was extremely bullish because the right shoulder was also a smaller inverse H&S formation, as well. That provided the bullishness and the fact that this week or next at the latest, would be the breakout because the formation was close to completion. Well, it is now complete. Purists can argue it is not complete until we break above the high at 30 but it is just a matter of when, not if, so in my book the formation is complete and it is onward and upward. Continue to be aggressive on any intraday and or daily pullbacks. Hi-Ho SILVER away!
Great call on silver, CM.
Thank you, Sir North.
I was the one questioning, it was just because you didn’t give any charts/reasoning. You did finally come in and point out the inverse H&S, which was on my radar. My concerns were the bearish patterns in huge mining & streaming stocks. SILJ and SLV do look bullish. I did go all in in my agressive trading accounts yesterday. AGQ, PSLV and SILJ! Thanks for sounding the alarm. I’m a long term stacker too so all good
Thanks for the timely advice CM – I got in yesterday so I’m hopeing there’s more dips like you said. This is one I don’t want to miss out on.
Well done Banimal. There will be plenty of pullbacks to try and keep as many as possible from joining in. Those are your gifts. Next week will be choppy with lots of opportunity to load up on “The Terrific Ten” Number ten will be unveiled next week.
Nice call CM!
Not just PMs, but general SM also.
Thanks, KenS. Appreciate it.