Wednesday, November 26, 2014

Silver Bear Still Looms

Rallying 10% from recent lows silver is nearing resistance
Per our last update, the prospect for some sort of pivotal turn-date occurring near Thanksgiving appears to be setting up as a plausible short-term pivot high rather than a long-term secular low. As I suggested weeks ago, this rally came as no surprise.

True, it is also plausible that the recent print low at $15.04 marked the ever elusive long-term bottom that so many are looking for. Time will tell.
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Thursday, November 6, 2014

SILVER: Here Comes Lucky 13?

$13 or not, we could reach some type of low near Thanksgiving
After breaching the lower boundary within a clearly defined 5-month down trend channel, Silver is now struggling to get back above that lower rail.
Nearly a year ago, when silver was trading near $21 per ounce, (26% higher than it is today) we identified a downside price target of $15.15 per ounce. As evidenced clearly in the below chart, we captured this target on Wednesday November 5, 2014 – with only 0.3 cents to spare.
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Saturday, November 1, 2014

It Is What It Is, a Bear Market

Beaten Down, Battered, and Bruised
The good news is that a lower nominal dollar price for monetary metals means more bang for the buck. Extremely depressed price levels are signals to accumulate inventory within the buy-low/sell-high paradigm.
Better yet, shorting the broken paper markets and then translating those profits into physical acquisitions is another way to slay financial repression.
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