Already Below Resistance

While gold (GLD) is just above its resistance breakout, silver’s not waiting around.

It’s already below its breakout; apparently leading to the downside.

Using ‘boots on the ground’ type reporting from sources like Jerimiah Babe and Dan (I Allegedly), the financial collapse is accelerating.

The metals look like they’re not exempt from financial conditions (deflation); they’re at the cusp of reversal.

Silver (SLV) Daily Chart:

The next chart zooms in on the reversal area.

It’s clear; SLV is now below resistance … a bearish indication.

At some point and if you live long enough (and have a working brain) you realize it’s all about manipulation.

Everything is manipulated.

Separating from that trap is akin to mental bravery; setting you apart from the mindless herd and at times, in opposition to that herd.

Silver (SLV) is down a whopping -53% from its high set over a decade ago in April of 2011. How can we be in inflation or hyperinflation?

That’s to come … maybe.

Right now, silver’s giving us a signal; lower prices ahead.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279