Right to the point …. I am just going to show you a chart that will give you pause on your silver buying. You need to assess it for yourself of course. But after what has just happened with price shooting skyward so rapidly, do you really see that following up again anytime soon?

Well I was one of those who did. It was just days ago I assessed silver and noted that according to my modeling this current correction was just a pullback from a much larger degree rise. And don’t worry your shaggy little head over it. What I did not comment on was WHEN the price resumption would begin. I even had myself fooled. I was just looking eagerly for the next entry instead of parsing the charts and thinking harder. In other words, I was falling for the usual metals propaganda which just never ends.

That’s a story for another day though. For now, look at where price hit its peak. Silver rose to its exact resistance level based on the 2011 high. So clever. I don’t know why I never noticed this the whole time price was running up. Had I drawn this chart then I would have boldly invested right up to the last minute and then sold with confidence when the top was in. Alas, I did not see this connection until tonight.

So I am still mortal. lol