The Multi – Trillion Dollar Question – How Long Is The Fuse?
Remember the cliche, “… the 64 thousand dollar question” derived, I guess from the game show? Well due to time and significant inflation that question is now in the trillions. I submit that the fuse for the coming upside explosion in gold and silver prices has been lit. What we don’t know, is just how long is that fuse? I don’t know the answer, but I believe there is a very good tell to keep your eyes on for the most likely answer. It isn’t the price of gold, nor the dollar, although both will help confirm that the explosion is drawing closer. The price of silver is the tell. It is being managed even more tightly than usual and needs to first break above 29. That will be the first clue that the fuse is burning hotter and faster. Once it breaks 30 and closes above 31, the explosion will become imminent. It may not happen that day, but once those levels are exceeded it will be impossible to put the toothpaste back into the tube. Stay vigilant and keep stacking. It shouldn’t be much longer!
The technicals for silver are turning down. It looks like a quick sharp retracement to the rising 50-day SMA now at 26.60 would reset sentiment to pave the way for breaking above $28.00 sustainably.