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Jim C.
Member since May 2012
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On Further Inspection A Troubling Pattern May Be Taking Shape For Silver

- Dan Dontrose - The Fundamental View

Silver and gold must be seen as an insurance against the madness of monetary printing, as something set aside for (if and when) the destruction of our fiat system, or other disaster, comes to pass.

I'm speaking not as a trader whose blood pressure rises and falls with silver's pulse, but as someone wishing to have a measure of independence from the powers to be. It's the same reason I have 2 55 gallon drums of water in my gargage, food, antibiotics, silver and gold (in a secured location) etc. And only 1/5 of my assets have been devoted to that.

Should nothing happen, my heirs will have a hell of a garage sale. But I will have had many a good night's sleep.

Commented 4393 days ago

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Beginning of the headline :Recently, a sell pattern emerged on the charts for spot silver. I identified it in my prior posts that can be read here and here. The first one was a confirmed double top sell signal and the other was the bearish COT charts indicating that further downside was evident. The aforementioned charts foretold this correction in the price of silver and the technical patterns have come to pass as expected. However, because I am still short silver for this correction I continue to analyze the chart and In looking at the longer term picture, I believe I spotted something on the longer timeframe chart that may foretell dark... Read More

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