What We Know & What The Charts Are Telling Us
What we know, two weeks ago Rob Walnut posted at least two pieces with evidence that the bottom was in. I commented on both of those at the time agreeing with him and adding some additional evidence. I also commented at the time that it would be two more weeks BEFORE the metals were ready to really get going on the upside. That window ends after tomorrow’s session. I strongly urge anyone who is not all in to gold and silver to complete their buying by the end of tomorrow, at the latest. You may be like Plunger, who is in but is only looking for a sharp rally or you can be like Sir Rob, myself and others who believe the next leg of the gold and silver bull market is ready to begin. It isn’t going to happen all at once. There will be starts and stops. For instance, gold has over $100 of upside before a rest will probably be needed when it reaches both the 50 day near $1800 and 200 day mvg. around $1850. That rest will probably take place while silver breaks above it’s recent high over $30. Even if you are just trading the rally, IT”S TIME!
I hope so CM…
Thanks
Fully Agree with Sir Chartmaster.
I would not be surprised if Silver tests $50 in the next couple of months (Q2).
“Go big or go home” LOL
I think it’s best to curb excess enthusiasm.
Having said that it appears that the miners are in free fall.
Couldn’t agree more, Sir CM, Sir Rob Walnut and Sir Fully.
I have:
Blackrock Silver
FRERF
GSV
MAG
STKXF
Are those five out of the terrific ten?
Thanks,
GL
Sir GL, except MAG, which I like and trade, the other 4 are from the Terrific Ten. Good luck.
FWIW, I am still in with leverage (margin, options, 2X ETF) from near the bottom. Once the rally gets extended the leverage comes off and will try to determine if its the next leg up in the bull or just a BMR
Understand. Good strategy.