Monday, July 16, 2012 11:46:08 PM
We are not alone here. Silver stocks are lower than they were when Silver was in the teens. Yet there are bonds selling for more than they are worth. The world is crazy except for us and I have doubts about me.
These long term charts only graph how it once was and how it could be again. Earnings are way better now than when KMAG was at $1.35, so after adjustments to the current OS, .45 to .60 is not unreasonable, being essentially a breakout to new highs. But beware, the charts also warned of a possible low volume drift or high volume capitulation toward .0025. We just have to see that as a possible buying op while keeping an optimistic eye on that long term chart and an inquisitive ear on the pulse of KMAG's growth and operations. Ironically, a very positive signal is the growing negative sentiment... always a contrary indicator.
P.S. Thanks for not coming down on me when the reverse head and shoulders pattern blew up in my face. I jumped the gun and screamed buy before the buy signal was confirmed with rising bottoms. Oops. I bought and hope no one else did. The chart was accurate, I was a fool. Thankfully I am forced to average in.
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