Silver has broken out of a bullish wedge pattern this morning! I would like to see $26 an ounce before I sell any of my silver.
Silver has broken out of a bullish wedge pattern this morning! I would like to see $26 an ounce before I sell any of my silver.
The Final (Stable) Melt Value of Silver will be $3.50 in "Sound Money" or $350.00 in Fiat Debt Notes...
December 20, 2019... 19.5 Hollywood Time...
Bearish pattern you mean, I guess? But anyway, I don't care much about such charts. And if I'd be you, I would never sell any silver until its below the 30:1 ratio to gold or better. It could even go to 10 or 15:1 may be.
But thats all not as important as the actual purchasing power ratio. Dollar numbers don't mean a thing if you cannot buy anything for it.
Expect to see a 10 to 1 Silver/Gold Ratio in "Sound Money"...
December 20, 2019... 19.6 Hollywood Time...
Well, the question is, if I still live to see that happening.
We’re within months away... You should make it that far, I hope...
December 21, 2019... 12.8 Hollywood Time...
That's a falling wedge which is a bullish pattern https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal