- Joined
- Jun 23, 2019
- Messages
- 449
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I've been buying all along. And will keep buying till it becomes cost prohibitive.
I've been buying all along. And will keep buying till it becomes cost prohibitive.
Looking at the momentum of correction, it may be lower than 17..66, cause, this is only wave A of correction, wave C will unfold, after silver going up in wave B.
Wave C's end will be a good buying opportunity.
The pleasure is mine, d-lod. I enjoy your succinct observations, and the clarity with which you convey them.17.77, achieved............short .10 cents of expected target.............
Thanks Savvydon for your unprecedented support
Perhaps the volatility we are seeing in silver lately portends a strong move on the horizon...View attachment 141916
Formation of wave C in process to next level of correction, which will be last point to buy cheap.
may be ...............
Fibo count is 16.98 an ew count is 16.71................for wave C target, a gentle reminder............silver has a habit of over reacting. ....
Perhaps the volatility we are seeing in silver lately portends a strong move on the horizon...
Yes. it does appear that institutional control of the price of metals is becoming less ironclad, and is weakening against demand that is forming among those who see a dilution trend associated with money printing and negative interest rates and understand that metals hold their value better in the face of all of this debt creation. I believe it will be a trend that will become overwhelming at some point.You are right. You can see Savvydon, that pricing suggest a tug of war between bear and bull in recent correction against, previous one that was more swift and like falling knife.
View attachment 142006
View attachment 141916
Formation of wave C in process to next level of correction, which will be last point to buy cheap.
may be ...............
Fibo count is 16.98 an ew count is 16.71................for wave C target, a gentle reminder............silver has a habit of over reacting. ....
If we can break through from here then it will have the look of a five wave move from late may thru early sept, followed by a classic three wave correction. If that were the case, then we have to move thru 20 and would then be assured of starting a larger wave 3.
If we can break through from here then it will have the look of a five wave move from late may thru early sept, followed by a classic three wave correction. If that were the case, then we have to move thru 20 and would then be assured of starting a larger wave 3.
October has been a tremendous tug of war between the bulls and the bears. How will it resolve?gold below 1474 and silver below 17.16 means metals are still in consolidation.....................
October has been a tremendous tug of war between the bulls and the bears. How will it resolve?
gold below 1474 and silver below 17.16 means metals are still in consolidation.....................
Gold is taking the lead, silver to zoom up faster at blasting speed.
Metals, and particularly silver, looking very strongly positioned.
Enjoy your vacation!
View attachment 145441
Prices are falling with velocity, 17.16 is still a support, if that breaks, the correction is still in its way, there is +ve divergence on short term MACD.
This down move is a powerful banking effort. I believe it will present an excellent buying opportunity when it has run its course.
WTF????
Fibo count is 16.98 an ew count is 16.71................for wave C target, a gentle reminder............silver has a habit of over reacting.
Silver leading on strength this morning. If we see good follow through this could indicate that the worst of the correction is behind us.16.64 .........................has been current correction so far...................