Silver Trend Breakout - Buy in Now

TVC:SILVER   CFDs on Silver (US$ / OZ)
The federal reserve interest rate announcement looms on October 29th. and 30th. With expectations of a rate cut being near a 90% chance, gold and silver have finally broken through their upward resistance in the last couple of days. Most analysts believe this to be the new breakout moment that will continue the bull run of silver and gold .

Comment: I am not a licensed investment advisor, so please do your own research before investing.
"Foremost I'm not an Financial Advisor nor Licensed so trade at your on peril buyer beware". Yes that black Texas Tea has formed a beautiful triple bottom pattern and also has three Green canary's pattern that has developed off of the 8 day ma base line also did a little peak-a-boo today it looks Text book perfect for entry now full throttle ahead. The caveat here my friends is if a simple nimrod like myself can recognize such patterns so can those treacherous evil market maker so I'll wait for a 5day ma equilibrium retrace then I'll make that big pure long Play in the black stuff? As always good trading !!
One thing I have learned in my trading experience is, One cannot just look at good ideas they most act on them if you wait you usually catch them at peaks make minimal rewards to high risks :)
Oh not to worry, I have just about 300k investing in the metals market for over 3 1\2 weeks and I've been trading for about 10 years are so, right now I'm in for purely long positions waiting for that ugly grey-swan event that might create a pop in the prime metals market then I'll sell wait for next pull back do it all over again. I do the same with that black stuff also still waiting on its pull to reinter the market on crude again?
@MEGALO1, Ive been considering crude, I'm just waiting on a catalyst to enter that market. Mostly looking for increased instability in the Middle East.
Oh I almost Forgot Its up up and away with silver & gold :)
I have that sneaking suspicion that smart money is steadily pilling in to the metals market?
+1 Reply
@MEGALO1, JP Morgan and other large banks are probably done shorting metals. Smart smart money knows how fragile our current predicament is. The economy is not doing well, unemployment is very high if we include displaced workers, and the stock market is moving irrationally higher devoid of rational value. The up cycle for gold and silver may not start going strong for another couple weeks from now, but it doesn't make sense to invest in companies that have prices based on future earnings instead of current value. The fed is trapped and interest rates will only go lower from here.

Irrational Exhuberance diminishes quickly when you live in a glass house.
MEGALO1 RayleWoodInvestments
@RayleWoodInvestments, Thank you for your intelligent response to my comment and I'm a swing trader next couple weeks in a slow moving uptrend would work for me!! :0
@MEGALO1, It is an idea that is certainly worth looking at. I am not a licensed investment advisor so you need to do your own research before investing.
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