Silver 1hr: If silver does not launch tonight we may alt. have a triple combination correction (WXY), in which case the blast off follows an additional 3 waves, which could look like this... Same outcome however.
Good article. I agree to Jan's conclusion, this realization of an inevitable necessary future fiat devaluation is what got me interested in gold in 2014. My gold target is $7092 based on not too dissimilar calculations, to what these charts imply.
A favorite silver story, Eloro Resources $ELO.TO, looks like a potential near term 300% gain- and a long term 20X potential. Fundamentally a 298 Moz silver resource backs up the EW chart, with an enhanced MRE w. higher grades/oz expected out soon. DYODD. #silver#investing
Time for the chase. Most commentators expected a deeper correction, and were wrong! - So now their followers have to chase, if they have had the hubris of reducing positions mid-wave 3 for a trade. Implies chasing price, in order to re-establish positions.
Those who think #GOLD is going to top should note that it has broken through a strong 42-month consolidation. This significant breakout indicates that prices are likely to experience a sustained and strong rally in the coming months.
Small-cap stocks are currently trading at their lowest valuations compared to larger companies since the early 2000s and 1970s.
It's not coincidental that commodities, emerging markets, value stocks, and small-cap equities typically excel during a secular bull market in gold.…
Broker comments after a fact finding mission in Asia:
just returned from 3 days of meetings in Sydney, 2 in Singapore and 2 in HK with our mining research team. 35 meetings, 55 institutional investors… and I can honestly say interest was at a level I haven’t seen. Copper,…
Silver about to rally in a glorious impulsive wave (iii) in May as its first stepping stone going higher. Probable starting point for this next rally around 26.40 basis futures later this week. 2 hour. #silver#investing