Friday silver touched $121+—stackers screamed “buy the dip!” Bought late Friday, piled in Monday, Tuesday. Today? COMEX right now- $69.20. Yes, down Apx 40+% in just a few days!
Silver Bull Trap
Lesson straight from The Gambler: you gotta know when to hold ‘em, know when to fold ‘em. A few cashed chips as the top wobbled; they’re up. The rest? Sitting on melted bars. (more…)
Friday’s absolute massacre in the precious metals market has left “diamond hand” believers reeling. While the mainstream media calls it a “correction,” seasoned traders recognize the jagged edge of a classic bubble bursting.
Silver and Gold Bull Trap
If Friday was the initial plunge, Monday is perfectly set up for the most dangerous part of the cycle: The Bull Trap. (more…)
Silver -Buy the dip?
Bulls make money, Bears make money, but PIGS get slaughtered.
We’ve all seen the Silver “Moon” posts lately, especially as we touched $93.75 just days ago. It’s easy to get intoxicated by the green candles and think it’ll never end. But look at the reality: in just 48 hours, a single standard 5,000 oz COMEX contract has dropped by over $14,350 from that peak. (more…)