Hi Friends,
I’m not much of a “chart guy” for silver. That’s not to say that i don’t look in frequently and see where it’s at, but just that i don’t study them that closely, nor pay much attention to bollanger bands and moving averages and stuff... i know right? What a dumb ass! Lol.
Well here’s what i saw to tonight.
Silver just did a move up, but it’s freaking friday again tomorrow — so who the hell knows? And who the hell cares? Unless of course your secretly macking it by shorting futures contracts like a boss or something. But otherwise, and specifically, who cares what it’s doing?
Moving out a bit we can see that though there’s been some lift, it almost had to bounce because it has been beaten so low.
Perhaps an argument could be made for a massive paper squeeze down to a $10 handle, but surely that would trigger some kind of phyzz shortage or something. Who knows? I’m no expert. I’ve been buying that shit all the way down since the last high (...and before) and in reality, it has not made me very much, if any, extra money — despite all of the hard asset insurance i enjoyed by holding it.
Anyway, let’s pull back to the 10 year and tell me what you see:
...it’s not like silver can “fail” like a tech/med/weed company — it’s the second most used commodity on Earth after oil — so it’s not like it’s a company that’s failing... it’s more like a BOMB that’s ready to blow!
💣💣💣💣💣
Bah ha ha... Oh that old Chesnut! — gets ‘em riled up everytime! 😜😁🤣
But fak! Seriously. Have a look at the Au/Ag ratio too. Here’s the 10 year — so we’re right at the top of the cycle...
And now check out 24hr
Whoa! ...my Spidey senses are tingling Batman!
Batman: those aren’t your Spidey senses
😳😜😁
So yeah: yadda, yadda, yadda...
Buy Silver Good. Make money longtime. Treasure is good when the Emperor makes naked funny by little honest child.
Cheers! from @thedamus
💣🔥💣🔥💣🔥💣🔥💣
