Aurcana Silver Corp V.AUN.H

RE: Jim Dimes on silver

[Thecook100]

Good post matt.
check out this one......i found it on the EXN board. cheers
Thecook

Silver has been relentlessly held down by a truly bizzare amount of comex shorts in an effort to slow gold's rise through non-conformation, giving some chartists (Clive Maund comes to mind) the idea that silver will drop significantly once more. But silver held at the support level of $17.50 and now has risen once more into this dam $19 resistance level. This resistance has become so pervasive that when it finally gives way,and it will, the move up should be impressive. The only question is when.

And now one of the better analysts out there, Stuart Thomson, who usually concentrates on his strong trading practices to make profits whether up or down rather than trying to pick tops or bottoms to get in and out, has made an exception about silver today (the numbering is wrong because I've only copied the specific part about silver):

https://www.gold-eagle.com/editorials_08/thomsons061810.html

1. Silver is perhaps the post explosive entity in the gold community right now, and I'm going to make one of my rare market calls. As most readers in the community know, what I do is use a highly disciplined system of buying weakness and selling strength in a pyramid formation with a literal army of market orders, all the way to zero, in the major markets, including silver.
2. When gold began its "head and shouldering" process, as I termed it, on the weekly gold chart, I issued a rare "attention gamblers, the time is now to buy!" campaign as gold rose up from the $980 area. Here's a look at the silver chart via a video report I did today:
3. Most writers in the gold community focus on the fact that silver tends to outperform gold in the later stages of a move, but the focus is more reactive, than predictive. I don't think very many investors in the gold community who are silver buffs really understand what has just transpired in the gold and silver markets.
4. First off, gold has exploded from what I labelled a "michaelangelic" head and shoulders pattern and targets 1320 or higher, the same as the small ascending triangle. Second, silver has yet to make a new high. Again, the bears see this as a non-confirmation. Again I say, wrong. Quantitative Easing is accelerating and George Soros is pounding the table that the crisis is just getting underway. Just starting. Not ending.
5. Third, the bears have built themselves a horrific track record and are making fools of themselves while George Soros and Jim Sinclair are putting their own monster money where their mouths are; gold is going higher, not lower.
6. In my view, silver has a bull head and shoulders continuation on the 1 and 2 year charts, and the kitco charts show it better than most. Is it as good as the gold pattern between 680-1033 was? No. Is it powerful? Yes. Silver appears to be making a run at the neckline. If it is successful, I believe the silver price will become so volatile that it becomes virtually untradeable to those with no core position.
7. So my words to you gamblers out there are: Your time is now to take action. Silver action. That is, "Hi Ho Silver!", not High Ho let's buy Junk Bonds and wait for the banksters to maul us!" The worst case scenario is you own one of the world's greatest assets as the theme of the crisis becomes the banksters' attack on paper money itself. If price were to decline in dollars per silver ounce, is that such a disaster? I think the risk/reward is skewed massively towards reward, as is the timing.
8. Kitco Silver Chart This chart tells you all you need to know about what is coming to the metals bears:
9. Obliteration. They already look like clowns telling the gold community that paper money is less risky than gold and silver. That statement alone, which is arguably the single stupidest statement in the history of markets, illustrates the horrific understanding of risk and reward that these people have, and their obsession with making you live your market life by the exception, not rule. The massive bull continuation pattern on silver bullion has a target of around $30-33, and gold could easily leap to $1700 while that occurs.
10. Again, if you are a gambler, the time is now to act in silver. Look around you (and maybe at yourself) in the gold market. How many people took my "gamblers take action now" call when gold broke rose up from 980? They are MORBID now. Stunned. Worse, they are now in "audience mode" as the banksters unveil their next leg of their attack, on paper money itself as an ENTITY.
11. Do not repeat the same crazed actions in silver now, that you did with gold then. Remember the stories that because so many people knew about the bull continuation h&s on gold, that it couldn't be real? You'll hear the same stories now with silver. The only non-confirmation in the gold community that I see is the non-confirmation of the bears with REALITY.