VERY BULLISH
I've been watching this triangle for probably a couple years 🤣 and it's finally broken out!
Commodity prices are rising quickly and don't look like they're stopping and SILVER HASN'T EVEN MADE A NEW HIGH YET!!!
Could be the opportunity of a lifetime but we also need to be aware of the downside risks because this will sell off if the market sells off simply because people will get margin called and lose their shirts if interest rates rise. But the Fed claims there won't be a raise until 2023... and the chart is telling me we could run up 7-8x from now until then. Meanwhile I just paid 40% more to fill up my car today as compared to a few months ago...
Owning a little physical silver makes me feel better. 😓
Commodity prices are rising quickly and don't look like they're stopping and SILVER HASN'T EVEN MADE A NEW HIGH YET!!!
Could be the opportunity of a lifetime but we also need to be aware of the downside risks because this will sell off if the market sells off simply because people will get margin called and lose their shirts if interest rates rise. But the Fed claims there won't be a raise until 2023... and the chart is telling me we could run up 7-8x from now until then. Meanwhile I just paid 40% more to fill up my car today as compared to a few months ago...
Owning a little physical silver makes me feel better. 😓
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