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16553758? ago

Read you comment in december. And agreed silently. Every patriot should own some ounces of gold and especially silver. Physically. Papergold and Papersilver is not the same. Maybe we will see about 12 or 13 usd per one ounce of silver. Maybe. At the end it will rocket. All papermoney comes back to its true worth = 0. We can see the end of the financial system coming when gold and silver cannot be manipulated down anymore. So buy some coins.

17107925? ago

Looking at the close yesterday, it looks like silver rallies from here or goes back below $15.00 after all. Even here, I think it's a great buying opportunity for those who didn't get in below $14.50 as I did, and I do see that $14.78-ish level as next downside major resistance, other than the "physiological" $15.00/oz support.

Since I don't have my data subscription active for my expen$ive trading software active as I'm not currently "trading" but buying physically, I don't have access to a Fibonacci tool (at least, not without hunting a site that has one I can use for free), but "eyeballing it," it looks like it's real close to a 50% RT. If it is indeed there, and those candle wicks that seem to be supportive of yesterday's lows (within a penny, I think), that just adds to the "energy" needed to continue lower. It could "bounce" then break down. The market is the market and can do what it wants, of course, but this is what I'm seeing with the limited tools I currently have available.

17128792? ago

I posted it, thanks.

At the time, the gold/silver ratio had broken out to the downside, which turned out (now) to be a false breakout as it has since broken out to the UP side.

However, if you look at the trendline on that gold/silver ratio chart, I Can't tell precisely bc my software (free) isn't that precise, but it looks like it hit that trendline and paused. Next week should tell the tale, but in the short term I'm BEARISH on silver.

Either way, I'd still be a buyer at $15/oz or even below, if I had the $$ to re-load the wagon. Silver rallied nicely for a while, and even made a slight profit from physical buying, if only a bit. A futures contract would have made megabucks, but I was simply observing the "breakout" on the ratio. Carter Worth of CNBC made the same call, just a week after I did, so I was right on the call as far as the technicals go. It's the increased manipulation I'm seeing as the DS is getting really overt in their desperation.