Americas Silver Corp fka USAPF

[permabear]

It's not just a crap shoot. And every time a stock or commodity go down in price doesn't mean manipulation. Sometimes assets go up in price. And sometimes they go down in price. Whenever you see anything go up in a straight line, as silver has in the past couple weeks, it is being overbought and is due for a correction. And that's exactly what has happened.

Don't just take it from me; take it from the Gold and Oil Guy:

http://www.thegoldandoilguy.com/articles/parabolic-moves-are-only-temporary-for-silver-and-gold/

Parabolic Moves are Only Temporary for Silver and Gold

The past few weeks we have been seeing the US Dollar slide to new lows at an increasing rate. The strong devaluation of the dollar has sent precious metals like silver and gold rocketing higher out of control sending them parabolic!

During the past 6 weeks both silver and gold have been rising in a parabolic formation. Meaning the price is going straight up with strong volume as everyone gets greedy and buys into the commodities at the same time. Most of you who follow my work already know that if the general public is piling into an investment rocketing prices higher, you better start focusing on tightening your protective stops and or taking some profits off the table before the price collapses.

Take a look at the weekly chart of Silver below:

Silver was grinding its way higher from July into March of this year. Only in the past 6-7 weeks did we start to see silver open up and run with expanding candles growing at an accelerated rate. This virtually straight up rally is a signature pattern and tells me that price action is now VERY unpredictable and anyone getting involved should be tightening their stops and or taking partial profits on price surges.

Parabolic moves can provide some big gains but most traders end of giving it all back and then some because the price can drop very abruptly as seen on this chart.

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