BubbleBurster
Long

Technical Reasoning for My Long Term Silver Hold

FX:XAGUSD   Silver/U.S. Dollar
194 2 2
Entry 20.65
Target 90.00/95.00
Yes, there will be bumps along the way,
and I will probably take some profits and buy dips in between.

The long term fundamentals are as strong as can be.

But, trading has always been about finding technical entries.

-BubbleBurster
osci
3 years ago
agree fundamentals are strong as can be. but they could still remain in silence for years and therefore metals could stay in the area of their production costs or even lower.

how did you overlay the silver-candles with the stochastics?
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BubbleBurster osci
3 years ago
not sure how i did it.

the only reason fundas would remain in dormant is because the big banks have a vested interest in metals staying lower. They can make money in Forex and stocks so why wouldn't they supress commodities? At the same time however, $50 was a huge resistance in 1980.

Also, a 61.8% correction is nothing out of the ordinary. Still very bullish trend long term.
Reply
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