I have personally dealt more with silver than gold on the street level which I will talk more about later down this page. Silver is a prime example what a diagaonal bull market and bear market really looks like. The 1980 peak was an “A” wave peak in Primary degree followed by a Primary degree bear market that looks like it could have ended after a running triangle or real bad running zigzag. Diagonals in bear markets distort, so we have to remember that as well. Silver just barely squeaked into a new record high on a “C” wave bull market before, it to collapsed with the 2011 peak at about the $48 price peak. At the 2011 peak $200-$300 silver forecasts were being made. That is just a regurgitated forecast of the 1970’s so there is nothing new with those two forecasts.
Our bear market in silver is not finished, no matter how much the silver bulls keep insisting it is! Silver is in a 5 wave diagonal decline and needs a final plunge to land at another “A” wave in Primary degree. In short this is a Cycle degree 4th wave correction containing a zigzag with three Primary degree moves. (A,B,C) I could have the perfect wave count and the majority will never use it to buy low! I’m sure the public will be freaking out as silver plunges to new record lows. You have to be prepared well in advance and I’ve already been planning for months.
Silver bullish investors do not realize that they are bullish standing on a platform that is about to collapse, and I can scream as loud as I want and nobody will listen. They listen to the screaming bullish move scenarios first.
During the start of the 2001 bullish cycle we can see a Golden Cross (GC) Crossings are always delayed or lagging. It’s just a matter of a trigger and silver will implode in price.
I have a silver 10 ounce Canadian Coin that I have used to bet with and I hope silver prices will crash as I will buy some more of these beautiful coins. They are heavy coins but glisten when in the light. My coin is locked in a bet, until gold crashes below $1047 The house (friend) pays me a 10 ounce silver coin. If I had more coins I would take on more bets.
All this could take well into the fall to play out, so have patience and let the trade come to you. I never chase a bull market or double down in a bear markets, as those are real emotional acts.
Laying down big shorts after it has turned down will cost you big time with the counter rally and most of the time you end up with nothing or a loss.
We are going to see some extreme price swings and as long as we buy bullion at the bottom of crashes we bring down the average.