Likely GREAT Entry Point
Today in the next hour or so is likely to be a great entry point opportunity. I posted yesterday about silver being ready to kick in again after a few weeks of resting while gold took the lead. At 9 AM EST Jay Powell gives a presentation at a conference in Sweeden. (Don’t know if he is there or doing it via teleconference) If he presents his usual hawkish nonsense it could provide the criminals at the Comex with one more opportunity to push the silver price down for a very limited time. If so, one would be wise to use such a selloff to load up on your favorite silver miners like HL, MAG and CDE for example. Did you notice that yesterday many of the silver miners were very strong for most of the day(despite limited upside in the metal) before giving back a big chunk of their gains? That confirmed what I was saying in my post yesterday about what is coming for silver. I am looking for strong upside no later than Thursday that should provide decent returns as silver rapidily moves to 25, 26, 27, 28 and higher over the coming days and weeks.
Bitcoin is up more than 6% already this year. Just saying….