Silver to drop as low as 15.25, buying opportunity's coming!
Silver is showing a head and shoulders pattern, while the US dollar is looking set to break above its inverse head and shoulders neckline. When silver breaks its neckline, its dropping to atleast 16, and as low as 15.25 hopefully. This will be a good time to consider mining shares and call options, as it should rally back up nicely allowing for nice gains to those who take the opportunity. Happy investing everyone!
NO! there will be a huge drop coming in Gold--- and SILVER will follow suit. Gold may hit $1000 according to Martin Armstrong he has been right since the 80's
If thats true, smart money will be for sure on the right side of the trade shorting it massively, as they usually are right. If he is right, I'm sure ill be on the right side of the trade by watching the smart money and doing the same. I'll make an update for sure if I notice that. 1000 does seem possible though if the stock market were to start diving, and margin calls got called in.
do you know when this is expected to play out?
Its been holding steady a while
In my opinion, its basing out. This is proof it is bottoming, of course deflation can wipe away that bottom.