RIGHT HERE – RIGHT NOW!
This could very well be the final, last great opportunity to buy physical silver? The window for Silver under $40, may close as soon as the Comex begins floor trading at 8AMEST. If you still have a large position in fiat, I urge you to take advantage of being able to acquire physical silver around or just under $40, including premiums on generic silver rounds. I don’t believe today’s pullback will last the whole day, but even if it does, next week should resume the rally. It probably won’t run just yet(remember the resistance zone I described earlier this week between $39-$44) but whether it remains two steps up, one step back, for a few more weeks, or explodes right towards $50, is only a matter of time. We have waited this long, so it only matters if you drop dead soon. In that case, please disregard this post. LOL (While this is not investment advice, it may save your life or those of your heirs, that is my honest, heartfelt opinion.)
Sorry to disagree but silver is going to fail. We will see a decline to at least 37.50 before any bounce can commence.
Farmer I agree that support just below 38 for silver before the next cycle up through 40. The timing is the big question. The paper mkt is still there.
I agree with CM though that we are close to that moment.
As a side note: The accumulation of physical metals in your possession has little downside. The Great Taking scenario would lead to incredible unrest that it may not be feasible. All the wealthy Liberals who supported Carney in Canada would be most affected. The public would go after governments and those who benefitted. I’m on the fence whether this could occur but I am none the less prepared with physical.
Cool, same page then. I am not so certain of a big move upwards in metals though. Still leaning to the dark side with a large corrective decline ready to begin fairly soon. I will have to chart on it to get up to date.
Looks to me like the dollar is set to rally. I closed most of my PM positions this AM.
Great call Hermit. Dollar is set to soar. Nobody is ready (except you and me).
Buy the fear just not yet. Early August bottom.