Silver - An Auspicious Full Moon is Always Brief
The reality is that the metals market makers are absolute savages. But the reality is simply that the retail mentality is wrong. You are taught to be fearful when you should be greedy and to be greedy when you should be fearful. Staring at the charts all day and losing money trading consolidations only reinforces these bad habits.
The truth is, Silver will fall to unpleasant lows. The truth is, silver is not likely to have topped at $29. What the world is about to experience is not just another dip to buy. People have been made fat and complacent by 20 years of an artificially propped up bull market, but now the world is in real trouble, for socialism driven by the Chinese Communist Party in every corner of the planet is now executing its final, desperate endgame, struggling to do as much damage as it can before the CCP is completely eliminated.
So, buy metals when there's blood in the streets. But you should also keep a level head. There is unlikely to be a new all time high on silver. What comes after this chart completes is simply chaos.
The truth is, Silver will fall to unpleasant lows. The truth is, silver is not likely to have topped at $29. What the world is about to experience is not just another dip to buy. People have been made fat and complacent by 20 years of an artificially propped up bull market, but now the world is in real trouble, for socialism driven by the Chinese Communist Party in every corner of the planet is now executing its final, desperate endgame, struggling to do as much damage as it can before the CCP is completely eliminated.
So, buy metals when there's blood in the streets. But you should also keep a level head. There is unlikely to be a new all time high on silver. What comes after this chart completes is simply chaos.
Note
My feeling at the moment is that the "bottom" is in for stocks and indexes. However, I believe that metals will disassociate and trade inversely. As the makers sell stocks they'll buy metals and when the guillotine drops on the stock market, metals will act like a cantilever. Frankly a mild dip below the August low doesn't make sense to be the bottom. I want to see capitulation before Gold makes a new all time high and Silver takes out $29.
Note
If you see silver at 25.xx you can short to your heart's content. The next move up is going to be to $35 or $38 and the makers will not let retail and fundtards see that day without a major tribulation first.Note
Bulltrap: active. Hope you didn't buy too early and knock yourself out of the market!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.