Loading ...Don’t Fall For Head Fakes
Gold and silver are clearly in the very early stages of a massive move. Today ends the month and first quarter. Of course the banksters who have been losing ground in the battle to suppress the price of both metals aren’t going down with just a whimper. They will still pull their raids from time to time. Keep in mind an important tell. The rallies are strong and continue to make higher highs and higher lows. The raids are quicker and don’t last as long or go as deep as they did months ago. Don’t let them fake and shake you out of your positions. Buy any sharp dips if you still have fiat. Next week should be a good one for the metals. Stay long and strong.
CM…when you talk like that i get nervous..so i checked expecting Gold and silver to be down hard
WHAT head fakes are you talking about ?
🙂
Today’s was so quick you missed it. After the economic stats came out at 8:30 both metals rallied. For thirty minutes they took gold $15 off the high and silver only about 15-20 cents but it was sharp and over in short order. Now when pullbacks occur it is to slow down the buying as oppossed to driving the price to successive lower levels. The banksters are like the Ukraine forces, both are about to be overrun.
Martin Armstrong has next week for a directional change and May for Panic Cycle.
It wouldn’t be unreasonable at all to see a pause in the upward move for 1-3 weeks. But then again, the weekly charts seem to have more room to run, so it’s quite possible that a pause may only last a week or even a few days.
If I didn’t have a position, I would probably wait for gold to tag its 20 DMA before starting one, even if that means missing out on some further upside in the next few trading days.
Silver:yen looks ready to break out of a multiyear base, which could bring with it a very large move higher in USD terms. So, to CM’s point, I wouldn’t try to get to fancy with trying to time lows. We could see a very large move occur at any time.