Beaten Down, Battered, and Bruised
The good news is that a lower nominal dollar price for monetary metals means more bang for the buck. Extremely depressed price levels are signals to accumulate inventory within the buy-low/sell-high paradigm.
Better yet, shorting the broken paper markets and then translating those profits into physical acquisitions is another way to slay financial repression.
More than a month ago, when silver was trading 13.6% higher than it closed out the week, we shared three downside targets. The nearest was $16.76, and that target was realized in mid-October accompanied by a downside momentum confirmation - suggesting lower lows were likely.
Still outstanding, the second $15.15 objective nearly captured on Friday, and the last downside price target at $13.00 remains on record.
Silver closed well off Friday's low, and in doing so, registered a bullish momentum divergence. We'll see how that plays out going forward. Until then, it is what it is, a bear market - deal with it.
Until Next Time,
Trade Better / Invest Smarter
What's In Your Inbox?
Our Long-Term Trend Monitor subscribers have been hedging their physical rather successfully for nearly two-years now. (See below stats)
Bottom line - all that matters to our subscribers and us - is being right more often than being wrong, and establishing prudent hedges along with winning and profitable trades in every timeframe. This is what we've been accomplishing for our members since 2005.
Do you think that you can benefit from such guidance, yes, or yes? Whatever your timeframe and objectives, we have prudent and effective solutions without all the hype and bull
Via real-time email alerts and daily PDF reports, the Chart-Cast Pilot conveys actual positions taken within the portfolio, which continues to sport a phenomenal performance record in every timeframe.
Updated quarterly with unlimited email alerts as market conditions dictate, the Long-Term Trend Monitor provides the exact same type of service - but is dedicated exclusively to the self-directed long-term index investors of the equity and precious metals worlds. It too performs extremely well, and with limited downside risks.