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Re: It’s Just a Question of When........SO WHATS THE Problem??? jUST SCOOP UP CHEAP SILVER IF YOU KNOW IT WILL STILL RALLY?????? 

By: Zimbler0 in WRGO | Recommend this post (1)
Tue, 16 Feb 21 4:03 AM | 23 view(s)
Boardmark this board | Reality news,,,,,,,,
Msg. 14591 of 18626
(This msg. is a reply to 14575 by capt_nemo)

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Silver is like gold.

One can't eat it. And one must sell it before one
can buy groceries with it.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
It’s Just a Question of When........SO WHATS THE Problem??? jUST SCOOP UP CHEAP SILVER IF YOU KNOW IT WILL STILL RALLY??????
By: capt_nemo
in WRGO
Mon, 15 Feb 21 3:24 AM
Msg. 14575 of 18626

Paper Silver hit a short-term blow-off top at 30.35 last week, its highest level since February 2013. Then it fell 15% in just three days, back to the pivot level of 26. Since that knockdown, Silver has bounced—or more appropriately, crawled—its way back up to 27.87, now key resistance. It is now back down to around 27.


There are only two obvious scenarios in the short-term. The bullish scenario is that we break 27.87 and head up to test and break the prior peak at 30.35. This would trigger the spectacular rally I have been waiting for (and which is inevitable, imho) to $40-50, near the all-time high. The bearish scenario is that we break support at 26 and drop down to a minimum of $24, worst-case $19 or somewhere in between, before that rally begins. Again, just very different routes with the same destination.


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http://www.investmentwatchblog.com/its-just-a-question-of-when/


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