Silver Breaking out Higher | |
Anonymous Coward (OP) User ID: 22248492 United States 08/22/2012 07:09 PM Report Abusive Post Report Copyright Violation | To what do you contribute the upswing to? A technical move, or is this a more ominous economic sign? Quoting: Anonymous Coward 14016885 Not sure about the future events. All that I know is that it is a strong technical pattern......and signals a prolonged and significant move to the upside. Some of it has to do with the dollar coming under some selling pressure recently. |
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Anonymous Coward User ID: 22946589 United States 08/31/2012 01:51 PM Report Abusive Post Report Copyright Violation | This is true. When wages do not keep up with massive inflation, your only survival option will be to trade precious metals until the collapse finally happens. There could be up to a year between the two events. This will make the difference between eating or not eating. A few years after the SHTF, once things stabilize, precious metals will again become a valued trade item. So do not Talk down about precious metals of any type, including silver. Yet if this is your only preparation for things to come, you will be in deep trouble. |
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Anonymous Coward User ID: 22837045 United States 08/31/2012 09:20 PM Report Abusive Post Report Copyright Violation | Here is a 4 year weekly GLD chart. Note the breakout higher from a very large one year pennant continuation pattern. [link to bigcharts.marketwatch.com] |
Anonymous Coward User ID: 10970389 Norway 08/31/2012 09:29 PM Report Abusive Post Report Copyright Violation | This is true. When wages do not keep up with massive inflation, your only survival option will be to trade precious metals until the collapse finally happens. There could be up to a year between the two events. This will make the difference between eating or not eating. A few years after the SHTF, once things stabilize, precious metals will again become a valued trade item. So do not Talk down about precious metals of any type, including silver. Yet if this is your only preparation for things to come, you will be in deep trouble. [link to www.youtube.com (secure)] |
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