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As I laid out yesterday in my take regarding the effect of the commodity index(s) rebalancing, I believe the worst is over. It should be back to new highs soon, and if it takes until mid week, next week when the window closes, the pullbacks(if there are any) will be to higher lows. There is another leg higher coming, in both Gold & Silver, with each reaching new ATH’s, going forward from here.
We haven’t experienced the morning visit from Mr. Slammy as of yet but that aside: GOOD CALL!!
Thanks. Mr. Slammy may visit when the Supremes release their decisions? If he does knock them down with a fast, sharp drop, scoop up all you can.
Yes, agree with that. Took the opportunity to roll some of my SLV calls to later dates. Got rid of all my Jan 26’s.
Silver will reverse from 79.78 in the next couple hours and continue the decline.
The lower target for today is 70.90
Your approach is interesting. You’ve not been right very often lately, but your convictions are strong.
In todays case silver has overshot my target by .69 cents so its a miss but not fatal.
…and you cannot have failed to notice that silver closed the day at 79.79 just one penny off my target high. It did not drop yet but it will come Monday. So my point here is that my price target was indeed valid, not some made up garbage like others spit out. Timing will catch up as the new week opens.
What else could you ask for?
Great, place your bets. I’m investing for the year, not the hour.
Lol, big moves start with small moves. Anyway its possible I will be wrong as appears to be happening now when a level fails to hold.
Thanks for Ramaco Chartmaster. The charts tell the story, not necessarily the quality of the company. I don’t trust them, but I trust their chart more.
Price trumps all, ta included.
You are a non-believer in TA? cool. dangerous though. its your trading life.