silver market

Is this still a Unique Situation ? Answer : In my opinion YES. How can this be so with the recent run being so advanced and the 200 day M.A. lagging so far behind ? The 200 day M.A. in the past has acted like a magnet to draw prices to this mean so how can we have a Unique Situation in place ? Suggest you read my past three articles to try and find the answer. Some technical positive convergences were noticed and a comment made that this will not be repeated any time soon.

My latest observations appear to indicate that the 200 day M.A. gravity is loosing it’s traction. How is this possible ? There appears to be an opposite magnetic force that is equal to if not stronger that is attracting the 200 day M.A. up instead. It is like going to another planet’s gravity pull after overcoming the earth’s that makes this a Unique Situation.

Meanwhile enjoy the ride and stop worrying about gravity for it is now pulling upwards and not downwards as the old magnet has likely been replaced by a new one which I believe is much stronger in intensity.

TRULY A UNIQUE SITUATION.

Roland

Gold : Gee looks like the King of Metals or Real Money for the Kings has a mind of its own. Against opinions from some Market Experts, Gold has shown its glitter. It is getting brighter with each passing day. On that score, it appears to be targeting $500 per ounce. It is not the intention of this article to predict each move. Technicians should be aware that we follow the market and let it tell you where it is going … I believe that the formation is telling us that it is headed to the “moon.” Why ??? Gold has been periodically building cup and handle formations in its climb. Looks like the $500 and the all time historical high may also qualify as lips/neck-line of this type of formation. If this is so and I believe it to be, please do your own due diligence and check pass records to determine the result of this type of foundational formation. You will find the results of your search quite refreshing & reassuring … It should show it going to the “moon.” The odds are extremely high. Bottoming after 21 years is a bonus. Some experts and I am not one of them call it a chance of a life time … truly a “Unique Sityation.” You may like to check the much talked about Tech Stocks and see if it matches.

Silver : Briefly broke the $6.80 support and quickly left the faint hearted behind. It has regained its 200 day M.A. support and is poised to follow Gold’s ascent. History shows Silver to be slow of the block. It plays catch up pretty fast when trending and proceeds at its own pace. Maybe a characteristic of a Prince as Silver is Real Money for the Prince … more spirited and wild being younger in my opinion. Strangely Silver also bottomed after 21 years … coincidence or a ” Unique Situation ” … you decide.