Silver: Likely Topped or Near Topping; $9.5-10 is the End Game
Hello traders,
As per for the reasons I have outlined in my Gold idea, it is highly likely Gold and Silver have topped, or are near topping as a result of several underlying reasons (please see my Gold idea for the reasons why).
In reality, a lot of traders will likely get trapped in what will likely be a massive bull trap before Gold plummets to 1390-1400 and Silver plummets to 9.5-10.
In simple terms, in recessions and depressions, Gold and Silver undergo massive fake bull flags and fake bull rallies before they enter a final period of cratering - this time will be no different. Whether they go up another few percentage points is irrelevant - the reality is they will fall rapidly at some point in April and through the first half of May.
Could we go near 14.5 or 15? Sure we can, but that does not change the underlying reasons why over the next 1 or 2 months that the precious metals market (alongside equities) will sharply sell-off more likely than not.
- zSplit
As per for the reasons I have outlined in my Gold idea, it is highly likely Gold and Silver have topped, or are near topping as a result of several underlying reasons (please see my Gold idea for the reasons why).
In reality, a lot of traders will likely get trapped in what will likely be a massive bull trap before Gold plummets to 1390-1400 and Silver plummets to 9.5-10.
In simple terms, in recessions and depressions, Gold and Silver undergo massive fake bull flags and fake bull rallies before they enter a final period of cratering - this time will be no different. Whether they go up another few percentage points is irrelevant - the reality is they will fall rapidly at some point in April and through the first half of May.
Could we go near 14.5 or 15? Sure we can, but that does not change the underlying reasons why over the next 1 or 2 months that the precious metals market (alongside equities) will sharply sell-off more likely than not.
- zSplit