"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 9 hours Meet The Hedge Fund Billionaires Club
  • 10 hours The Next Housing Crisis Could Be Right Around The Corner
  • 11 hours Cartel's, Pirates And Corruption Cost Mexico $1.6 Billion Per Year
  • 12 hours Africa’s Fastest Growing Economy
  • 13 hours The Blockchain Boom Hits The Utilities Sector
  • 15 hours Why Smart Money Is Selling Off Right Before The Bell
  • 17 hours Tech Giants Rally Ahead Of Earnings Reports
  • 1 day Global Debt Hits 225% Of GDP
  • 1 day The World’s First Trillionaire Will Be A Space Miner
  • 1 day How Student Debt Could Cause The Next Real Estate Crisis
  • 2 days This $550 Billion Industry Is Betting On Bitcoin
  • 2 days One Commodity Set To Soar On Russian Sanctions
  • 2 days China’s New Car-Market Rules
  • 2 days Oligarch Risk: The New Red Flag For Investors
  • 2 days Five Things To Consider Before Investing In An IPO
  • 2 days Investors Bullish As Earnings Season Kicks Off
  • 2 days Nearly One-Third Of U.S. Lottery Winners Declare Bankruptcy
  • 3 days Is Facebook Still A Buy?
  • 3 days Will Blockchain Stocks Ever Bounce Back?
  • 3 days Geopolitical Tensions Fail To Boost Gold Prices
Joseph Russo

Joseph Russo

Joe Russo is an entrepreneurial publisher and market analyst providing digital online media solutions designed to assist traders and investors in prudently and profitably navigating…

More Info

Metals Crushed, Slavery by Consent, and Slave for Profit

Slavery, a 21st Century Evil

Just ahead of the state and federal tax collectors unwelcomed arrival on April 15, the financial markets had quite an eventful week. Between the growing geopolitical tensions in North Korea, the BOJ fueling flames of a global currency war, the globalist raid on the Cyprus Central Bank, and the push toward enacting new gun legislation in the US, there was no shortage of distractions.

Silver Daily Chart

Today we will update the ongoing price action in silver and show you a very simple way to assure superior results from your long-term investment efforts despite our imposed and collectively consensual form of 21st bondage. Let's start by assessing the carnage in silver.

Breaking Bad

Much has occurred since last week's update. The first item to note is the downside price captured upon silvers breach of the 26.23 target. Secondly, from an Elliott Wave perspective, upon the breach of 26.07, we have confirmation that a prospective (4) wave down at intermediate degree is still in the process of basing.

Despite another bullish momentum divergence, Friday's downside price action has identified two additional downside targets. The first is 23.00, which is defended with trade and closes beneath the associated falling red trendline marked by the second "R" (for resistance) from the bottom.

More ominously, the close beneath the double-bottom support boundary becomes a mega-bearish line of resistance defending a downside price target of 15.00.

The weekly pit chart below illustrates clearly the cyclical bear market occurring in silver from its peak at 48.58 amidst a much longer-term secular bull market cycle.

Silver Weekly Chart

If the money-masters manage a takedown beneath 15.97, all bets are off for a mega-bullish (4) wave down. Weekly momentum is racing toward extreme levels of oversold against the past backdrop of bullish confirmation at the 48.58 print high. Continue reading the rest of this article here...


Back to homepage

Leave a comment

Leave a comment