We have a correction going on now... let me interpret this for you... " WHO CARES" ... this simply means we are going higher.
Get ready for more gains in silver and gold. Get on board or miss the boat baby.
Get ready for more gains in silver and gold. Get on board or miss the boat baby.
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Short term correction. Good place to add. Once we retake 17.10 trend will resume.
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also watch for gold to retake 1500, if this happens in conjunction with silver retaking 17.10 then we are back bullish.
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1500 gold retaken. 1509.27 is my breakout confirmation. Need to see silver break similar levels. Stocks are hinting we goin higher.
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Gold stopped in its tracks twice at my overhead resistance level. 3 times a charm?
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Silver flirting with 17.10. (level 1) , next will be 17.23 , then breakout ... me hopes :)
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Silver weekend update: I'm getting a lot of mixed signals on silver as of fridays close. Seeing weakness in many mining names, and strength in others but an overall feeling of indecision, could mean a selloff coming. I still believe we are in a correction and set to move higher but short term indecision could lead to a pullback. I have a wide array of mining shares so i moved to a neutral position buy buying an offsetting position in DUST into the close. It doesnt make sense to dump a pile of stocks and get hit by commissions on every one when i can simply move to neutral and ride it out , then close my short position as the trend resumes. The long term trend is strong and intact and i believe we are only at the beginning of W3 major. Best of luck trading!
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We've broken the downtrend channel ... have resistance at 17.16 and 17.30
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Correction almost over. Diamond continuation pattern. Mega bullish. I am repositioning for the next move up.
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Break res zone. Trend continuation is likely. ;)
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Here's what i think is going to happen next for silver. We are about to enter the parabolic phase ! We should continue to correct upwards to 18.80 level (significant resistance zone) then a sharp pullback to 18.40 area. After that if we break 18.80 again we will enter into a new accelerated phase of the bull market!
Exciting times for precious metals. I am also adding to my platinum and palladium positions here.
Exciting times for precious metals. I am also adding to my platinum and palladium positions here.