Silver looks like it will be on neutral mode until the fed decide what they will do with the interest rate. I personally think it'll be a good idea to wait for the next opportunity.
I have changed my "count" since the previous posting but the near target is about the same. Upper end of the target box is where c=a and the lover end is where c=.62 x a. You can see there is overhead resistance at these levels also. Of course there could still be another another down wave to the current correction but I favor it is over. Process through your...
Based on fibonacci timeframes, I believe we've seen a low medium term. Silver is also holding the 200 month moving average. I believe the swing should bring us to the 100 month moving average around 22. In my opinion we should see a run to 21-22 by 2017.
Expecting a massive crash in Gold's price right now as I speak when it breaks down from the year long descending channel. There'll be panic as it'll be all over retail as CNBC starts painting the end of world. That presents one of the best opportunity to buy as it will be heavily shorted and sold by retail. (see the chart)
I have reviewed using DGLD & DSLV as a hedge against holding PMs during a decline period. I would appreciate any comments on why this might be a poor choice over 3 to 6 months. I know there are decay factors, but moving in and out of physical carries fees and premiums, so selling and re-buying also has a cost. Thank you in advance for any constructive input! Pixel
I have reviewed using DGLD & DSLV as a hedge against holding PMs during a decline period. I would appreciate any comments on why this might be a poor choice over 3 to 6 months. I know there are decay factors, but moving in and out of physical carries fees and premiums, so selling and re-buying also has a cost. I know NUGT/JNUG and DUST/JDST are often good...
Keep it simple. Money flow trend is bullish, as is movement of the price.
Classic example as to why you shouldn't listen to the sell-side & mainstream media...