TSXV:MMN - Post Discussion
Post by
daniel6000 on Aug 14, 2019 1:05am
Be Ready for Anything
Well, its a very un-nerving decision time right now. What are gold and silver gonna do? As for silver, we all know the major personalities out there and the arguments they present for the operation of the silver market. Lets face it, there are big forces at work that we have no control over. Forces not to be under-estimated. Time will tell but what I see when I look at the long term silver chart is two major trend lines. One that, depending on where you wanna guage the touch points, trends back as far as 2003. A support trend line that broke in June 2018. That fall has reversed twice and is back up flirting with breaking back up through this long term upward trending line. The powerful thing is that, at the same time, we are also moving up through a downward trend resistence line that goes back to 2013. If we bust forcefully through both of these thrend lines at the same time, we could have the makings of pretty dramatic upward move in silver. Gold has already done this and maybe gold is gonna pull silver up to make this silver move happen but be ready for anything. This has been a very steep and swift move up in gold. It could be followed by a sharp reversal just as swiftly back down to the support line around $1300. What will prevail? It is out of our control so we will have to wait with baited breath. Will the free markets rule the day? or.....will the client(s)? Is it only one client? Is it two? or is the servant itself a third client? Does the servant still need to accumulate for the client(s).....or, do they all want.......mooore? Do the clients want lower prices for longer? Or, is it time for.....the moonshots?! Be ready for anything.
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