SILVER update 14.02.18
I have been watching the silver price for months now. I was hoping for an iSHS bottom in Silver and now we finally have the chance to see that happening. This is a huge pattern that could unfold in the coming months. The target is 22$.
There is also a possibility to have a smaller iSHS within the right shoulder of the bigger one...
I don't want to go into the count details yet, because many things are possible right now, but if we see a retest of this neckline, I will be super excited... Stay tuned...
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DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
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This is music to my ears
I have also been following silver as I think it has great upside potential. I hope you are right about $22 but hopefully this is only the first step and higher highs will follow.
To be honest I don't know much about stacking silver & gold in general, but seems like there's quite a lot of talk about it atm 🙏🏼
Do you have any resource or similar in particular for me to look at or delve deeper into to learn a bit more about it for diversifying?
Overall good post, will check out your other posts as well and see what goodies you have 🤟🏼
Otherwise, if you happen to be into travelling, vlogs, fitness, self-development etc feel free to check out my channel, in any case keep up the good work and I'll see you around!
If you don't have experience in trading, don't trade silver. It is the second most manipulated market after the VIX.
As for stackin for the longterm, I have 5% of my retirement strategy in silver and gold and I plan to increase it to 15% when gold drops hard to 900$ in the next few years. My primary count needs a second leg down to complete the correction.
To be honest right now is one of the worst times to be diversifiying, because anything you would buy (besides cryptos) could be much cheaper later this year.
I checked your blog and I am following you now. I am into fitness in my freetime as well. Talk soon.
I agree! Silver is for HODL - long term accumulation. One issue that I ran into or was made aware of is the complexity in buying silver - there are scams and fake silver and gold. So, where to buy them is the first thing to do research on. I also learned how to tell if a silver or gold coin is fake or not - it is not so simple for silver - gold is more difficult to fake.
And then, there is the issue of physical gold / silver versus other forms of "silver" such as ETF or mining company stocks.
My research convinced me that physical silver is for long term HODL.
Oh but Gold looks very strong these days, you really think it need another leg down? Seems like many ppl await a leg up in Gold this year
My longterm pathway prediction is 1500 -->900-800 ->4000
High value comment right there 🙏🏼
Thank you putting the time in to respond, solid advice indeed, BIG ups 🤟🏼
upvote and resteemit done dear....
keep it on....
You're doing great work. Its really appreciated the effort. Keep it up stay blessed and happy.
Upvote and staying tuned. Definitely something to keep an eye on
HELLO ALL
Check out long-term FX TA on my blog. Here is SILVER 🙏
I don't know if a break like this will happen. I'd love for my stack to appreciate, but I still think a lot of people see silver as a bad investment. Not to mention the London Gold fix.
I have a dealer that I am able to BUY Junk silver at Spot or within about a nickel of spot. I buy 90% Half dollars. Generally walking Liberty and then franklins. SAME PRICE. Bout them yesterday for $6 each thanks for the chart
The best post