posted on Sep, 8 2012 @ 04:48 PM
I called the buy point as the downtrend resistance was broken through.
I noticed this time people dont seem to be excited about the prospects - which is excellent if you believe this is the up wave that breaks the prior
high price in silver of 50$ an ounce.
when viewing the chart notice the profit center that was placed in charts towards the end of June... -
If you notice the right leg of the W is longer than the left leg - this means in chart speak - its a fake rally,
however, it broke the down trend .... so we should see a sharp run up putting in the middle finger somewhere in here. so to lock in your profits you
should use a trailing stop, so when it does reverse it takes you out back to cash.
and yes, the markets are manipulated and that says its a conspiracy - this first rally should peak around 34 - 35 an ounce.. but if your a long term
bull - just hold its going way way up.... but it could take some time - maybe 2014 - 2017 timeframe to exceed 100 oz.
edit on 8-9-2012 by
1BornPatriot because: (no reason given)