Thursday, September 11, 2014

MY PREDICTION FOR SILVER: you won't believe what happens next!

Here's the daily silver chart:

Oh my! <-2SD and down below the June low?

To shreds, you say!

Well, how's the weekly candles look?

To shreds, you say!

On a weekly close below $17.75 all hope is lost. Seriously, go ask your goldbug TA buddy what the downside target is of a break of the triangle's support. Hint: it's around $13.50 if he uses log charts, $12 if he uses linear for some stupid made-up reason, and all the silverbuggery and Sprott-worship in the world ain't gonna change that.

Click through for my prediction for what happens to silver next.

Silver will do this:

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