Loading ...Silver’s Sensational September!
I enjoy reading the weekly missives of Mark Mead Baillie’s “Gold Update” and Michael Ballanger’s musings when they appear occasionally. Both offer lots of entertainment and some good insights. The former was looking for an “August August” for gold, which he has since acknowledged didn’t materialize the way he had hoped, still thinks it should pop soon. While taking nothing away from gold, I am looking for Silver to have a “Sensational September”! It is too early to put exact numbers on it, but the chart is set up so that each rally will be taking out numbers that will significantly increase the odds of continued overhead targets being achieved. If you are not aboard by now you are either asleep, or in a Covid coma. 
Looks like another bear flag brewing in silver to me with a 18 dollar target. I’m long term bull on silver, but just calling it as I see it. I want that flag invalided before jumping in to new positions
While it is always possible there is another total markets meltdown like March 2020 (I doubt it) that is what it would take for silver to get to 18. If it was going to go that low it would probably have happened in the Aug. 9th takedown. Technically in full repair mode. Slowly working it’s way higher.
The action has been super weak, miners just flatlining here. I’m seeing large toping patterns in other commodities like copper, uranium, oil stock (H&S patterns) so we could have a large drop this fall. Another shut down coming?
I definitely agree about the bear flag. I’m long-term bullish too but what it does in the short term is another matter.