silver prices
Nothing in this Silver and Gold Price Move Changes the Long Term Outlook
Watching the Nice Government Men play with silver and gold prices the last few days has sent me back to re-examine basic strategy. What you’ve witnessed amounts to nothing more than their Pyrrhic victory forcing down the price for a few days when it is already weak. This temporary win does them no good long term, as the price will shortly pop back up.
Interview: David Morgan talks about the current state of silver
silverinfo: David, 2008 had a great beginning with silver over $21 but it ended poorly. From a fundamental point of view not much has changed. Why the high volatility?
How soon will gold take off?
You are traveling through a desert in search of a famed oasis and its promise of riches, rest, and drink. But your journey has grown long, you are weary, and you begin to doubt the oasis really awaits you. But then signs appear from those who have gone before you that your course is true, and the reward you seek in fact lies ahead. Your spirit is renewed and you press on.
Does this describe your journey with gold?
Silver Outlook Strongly Bullish
The outlook for silver is viewed as very bullish, with a fine Cup and Handle base now approaching completion, that is shown on the accompanying 1-year silver chart. There are a number of interesting observations that we can make looking at this chart. The first is that once silver broke below what was strong support at the $16 level back last August it went into a severe decline.
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