AI
I agree with everything you said Tommy...
and you could have made that global economic disaster list twice as long. all the signals point to economic collapse. but these signals were there to see even 8 years ago when the 2008 crash happened.
its a slow motion train wreck.
theres different ways to see the charts. look at ASM...their share price has bounced to where it was in 2012..when silver was around 28.Has ASM run too far too fast here? AG too maybe. I dont know.
Its just a thought for now. The chart looks abnormal to me. the rally in a straight line looks abnormal. of course the long 5 year destroyed miner sector was abnormal because it was all manipulated. Miners for true value should never have fallen down this far. The bottoms in 2013 were plenty low enough.
I just dont trust what I'm seeing on the charts. I think SIL might be topping now around 39...and the Fibonacci pullback zone is 30/27/24... and in a normal looking chart structure you want to see a pullback to retest that zone,in my view. then after that pullback in later 2016 let the miners go surging in the wave 3 next year. But maybe the game is really over for the Cartel...? is it? whats going to happen now, the Cartel has lost control.?? I'm not sure. the vicious manipulation control theyve had for these last 5 years?? hard to believe. I just have to go with that feeling that theres another shark in the water waiting for the first chance to slam it all down again. Maybe that slam down will come in a total stock market crash...who knows.
But what I do know is I am never going to start buying and chasing after these miners where they are right now. Have to wait for a big pullback. I believe it will come. and for sure, some day, another stock market Crash. that will become the dip to buy....
and you could have made that global economic disaster list twice as long. all the signals point to economic collapse. but these signals were there to see even 8 years ago when the 2008 crash happened.
its a slow motion train wreck.
theres different ways to see the charts. look at ASM...their share price has bounced to where it was in 2012..when silver was around 28.Has ASM run too far too fast here? AG too maybe. I dont know.
Its just a thought for now. The chart looks abnormal to me. the rally in a straight line looks abnormal. of course the long 5 year destroyed miner sector was abnormal because it was all manipulated. Miners for true value should never have fallen down this far. The bottoms in 2013 were plenty low enough.
I just dont trust what I'm seeing on the charts. I think SIL might be topping now around 39...and the Fibonacci pullback zone is 30/27/24... and in a normal looking chart structure you want to see a pullback to retest that zone,in my view. then after that pullback in later 2016 let the miners go surging in the wave 3 next year. But maybe the game is really over for the Cartel...? is it? whats going to happen now, the Cartel has lost control.?? I'm not sure. the vicious manipulation control theyve had for these last 5 years?? hard to believe. I just have to go with that feeling that theres another shark in the water waiting for the first chance to slam it all down again. Maybe that slam down will come in a total stock market crash...who knows.
But what I do know is I am never going to start buying and chasing after these miners where they are right now. Have to wait for a big pullback. I believe it will come. and for sure, some day, another stock market Crash. that will become the dip to buy....
