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Did the Silver Bubble Burst? – Update II

IMG Auteur
Willem Weytjens
Profitimes
Published : July 17th, 2013
108 words - Reading time : less than a minute
( 10 votes, 3/5 ) , 1 commentary
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FOLLOW : Bubble Silver
Disclaimer
Category : Technical Analysis

Half a year ago, I wrote an update to my initial article called “Did the Silver Bubble Burst?”:

http://profitimes.com/free-articles/did-the-s...e-burst-update/

Back then, Silver was trading 50% higher than current levels.
Now we all know what happened ever since, and a picture often says more than a 1000 words…

If the pattern holds (as it has done quite well), we could expect a rally into the $23-$24-area, followed by a plunge into the low $10-area by year end/early next year…

Ah well, too bad for those who called me a fool/idiot/piece of $hit/… in April 2011 when I was saying Silver would top around $50 and then crash and burn…
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odanez   7/17/2013 at 6:41 AM GMT
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For what reason would something like silver perform the same as the NASDAQ did some years ago? Comparing Apples with Oranges here. Commodity vs Stock. Totally different things behind both of them driving the prices.
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For what reason would something like silver perform the same as the NASDAQ did some years ago? Comparing Apples with Oranges here. Commodity vs Stock. Totally different things behind both of them driving the prices. Read more
odanez - 7/17/2013 at 6:41 AM GMT
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