The Shot Heard Round The World: Silver Just Took Control Of The Battlefield And Everybody Knows It
SilverDoctors.com
April 20, 2018
Friday Wrap: Um, so if you’re not on silver’s side, you might want to raise that white flag right about now. Silver is about to make things really messy…
This morning I asked if silver might test a 16-handle based on a new possible contrarian indicator?
So far my theory is wrong, but either way, we’re down, and it hasn’t been an easy day to sit through.
But we need to look at the bright side – we’re above $17, and believe it or not, the momentum is ours.
Now sure, there’s no way to give a post-game pep talk game after losing game, but things are looking up.
Don’t just take my word for it, but let the charts do the talking for you.
First, however, a little background for those who may be new to the precious metals.
Generally speaking, in theory and in practice:
Silver is gold’s volatile little sibling. Gold gets moving in a direction, then silver plays catch-up and starts moving even faster in that direction. Silver then reverses first (because of the volatility), and starts moving faster than gold in the other direction.
I’m sure I’ve jumbled, and mumbled, and couldn’t talk my way out of a wet paper bag with that explanation, so let’s just look at the point I’m making as it related to the 2011 run up in price:
The Rest…HERE
