johnmknox

Final Small Drop for Silver before Massive Rally

Long
johnmknox Updated   
TVC:SILVER   CFDs on Silver (US$ / OZ)
It looks like SIlver has formed a bottom and is just about to complete an inverse head and shoulders pattern. We could see a final small drop to $22.50 before a monster rally higher. I might be wrong on this. Silver is very volatile and three major banks that I am not allowed to mention for legal reasons have been manipulating the price of silver and gold. Regulators are aware of this and more complaints have been coming in to them so they can no longer ignore them even if they ultimately only end up giving them a slap on the wrist again as they did last time. Ultimately they are trying to wear you out and get you to capitulate so they can get out of their bad calls and then go long. We are now a lot closer to that happening. This is not investment advice and only my personal opinion. DYOR and due diligence. Good luck!
Comment:
Correction: I meant to say the final small drop will be to around $22.25 not $22.50.
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