When you are making 100%+ profit on cryptos it's easy to get swept up into the excitement. Even so we need to remind ourselves how important the physical world is and how much we overlook the physical for the virtual. Blockchain will revolutionize the world as we know it - that I know. Will it become something used for good or evil that I can't comment on yet. Let's hope that the people decide to make it a tool instead of depending everything on it. I digress.
It is important to remember that precious metals (mainly silver) and the physical world play a bigger part than cryptos or any software/technology for that matter. Silver is a wonderful awesome metal. It is the MOST conductive material on the planet. It is also the most reflective material on the planet. It's uses include medical, technology and money. With the technology age you would think that we respect and understand the value of silver. EVERY electronic device ON THE PLANET depends on silver. It is the glue of the internet. All the silver that will ever be mined has already been produced during the creation of the planet. Just like peek oil there is a point at which the price to pull silver out of the earth becomes too expensive/hard to mine. It's just like the idea of crypto mining. Ever fire up a miner on your laptop to watch it churn for an hour at 100% utilization only to generate $.000001? That is why our world is upside down. The one material that we ALL depend on and the federal reserve/government destroys the value of silver in the name of the almighty dollar. It's cost is so cheap that 70%+ of silver is a byproduct of mining of copper and other materials. But when does the spigot turn off and the price and availability become extinct? When does the true price (not ETFs) get rediscovered? My answer - soon!
I have two possible scenarios...
1. Cup and Handle
As you can see in my chart we are at the bottom of the silver bowl. The recent government suppression of silver is having an adverse effect. The A,B,C,D,E triangle correction is going to apply pressure to the total price of silver in the form of a 1-5 wave pattern. After our 5th wave ($42.38) we are going form the handle of the cup by creating an A,B,C correction. From there we hit $128/oz by 2026.
NOT BAD silver stackers!! BUT let me paint scenario 2...
2. Fractal
What happens if things get really out of hand and the price surges? I present scenario 2 - FRACTAL...
After this current A-E triangle finishes up the price starts to jump to $35 on wave 1 (mid 2018 time frame). After that it lowers down to around $30 mark. The next wave is going to be the most explosive wave as it targets around $75/oz. Could this reach much higher highs? Sure it can. As we have witnessed in the crypto market the 1-5 waves can BLOW way past our expectations. This scenario is most likely ETF seperation between it's physical counter part.
Conclusion:
As you can see in the charts Silver, regardless of scenario, is a HUGE bargain right now. I do NOT advise putting up a buy ladder as that will only lead you to owning 0 ounces of silver. If the price more than doubles you can bet that major industries are about to collapse or collapsing and the move to cryptos or another form of money is happening. I want to leave you with one last point. EVERY CRYPTO YOU TRADE is backed by SILVER!!
May you have abundance in all of 2018!!
I am not a financial adviser as this is all for educational purposes only. It is YOUR responsibility to double check, triple check to see if any of my claims are valid. If you like my content please feel free to comment, thumbs up or donate! If you become rich because of my content please don't forget GunTotnHippie is always looking for a new set of Tibetan singing bowls or the new Sig P220 10mm Legion. ;)
BTC - 1BD4K7YnRejZmhddcjQceo8SHgS9F96uu1
LTC - LLJ1UamiehmRHptYKDdgXzpffJxP7rHD7W
Silver. Shine for us! Show us your mirror-like reflection. Move that current. Hold that infection at bay. And Silver surround yourself with Steem & Gold • SteemSilverGold •
For silver to perform like this it would require a major fundamental catalyst. It's quite worrying to think how that might play out bearing in mind gold and silver tend to react as insurance during challenging times.
Yeah, can be scary thinking about it. I always tell people the first thing you should be buying is food, water, 10Cs of survival by Dave Canterbury, then a couple guns and ammo. After you have your basic needs met you should invest in silver then finally cryptos. Clark Howard always says "It's not as bad as you thought and it's never as good as you thought.". I think that pretty much sums it up. Be ready but think positive and resonate on positivity and abundance in your life. Wish you huge profits unclehermit!
Thank you, the wish is returned,
Couldn't agree more that silver is cheap right now. I'm forecasting that it'll surpass $20 within 2 or 3 months, with plenty of momentum to spare. Followed and resteemed.
Thanks, followed!
Is that true
Do you mean the target or the information about silver? Hopefully I was able to target it correctly. Elliott Waves can be hard to pinpoint but when you do, look out because it is extremely powerful.