Loading ...Worst Possible Silver Outcome
So I have had a chance to prepare a chart showing the logic of why a drop to 42.90 is possible. Possible is not a guarantee however. Rather it is a probability if price cannot quickly recover and continue higher. So this target is only going to be meaningful for a few days at most when we will have more information to work with. If price goes red again as its done today I expect the worst to transpire and the 42.90 will then come into play.
You are FAR from alone with projections like that.
It has nothing to do with FCF, or any other story line.
It has more to do with everyone getting emotional off the parabola, with FOMO, and on the same side of the boat.
AND … silver not being able to reclaim 100 (as yet).
That may turn into a stampede if that becomes more obvious.
Thanks. I don’t mean to cause worry. I am a bull too. Its just thats what the calculation produces from an ABC three wave decline. We shall monitor for now and keep it in mind before taking too much risk because the bottom (should it come into to play), will be an outstanding entry point. I secretly hope it goes there. Loading up there will be like a garden of delights!
Well, another 10% has been peeled off silver this morning which adds strength to my charts implications. The warning signs could not be stronger as markets are also rolling over telling us metals stocks now face an unwinding of their own. Don’t say you were not warned or accuse me of pandering mere fear porn. I am only calling the price by what technicals on price action the chart gives me. The outlook is dark but wont last forever. We shall enter again at appropriate lows. The trick is knowing where the bottom lies according to the math.
“The trick is knowing where the bottom lies according to the math”
And most don’t do the math.