Confusion Abounds
Looks like the silver wipeout took more than a few by surprise.
However, that’s not the real story.
Some of the comments on various YouTube ‘analysis’ sites are to the effect:
I don’t know what to believe. I don’t know what’s real.
The inference is, that silver ‘should’ have gone higher.
There was supposed to be some kind of massive breakout as we head into hyperinflation, right?
Track Record, vs. ‘Should’
Part of the reason for posts on this site is to establish a track record.
The silver analysis over the past four months is the best recent example.
That assessment never wavered; price action in SLV, is consistent with either an outright reversal, or sideways congestion (not advice, not a recommendation).
It is not consistent with a hyperinflation breakout.
Longtime visitors to this site would have least known that ‘something’s up’ with silver.
Its behavior does not fit the narrative.
Anything Can Happen
As always, the market can reverse and do something unexpected.
Price action could change character.
If so, the objective is to identify that change early, then assess opportunities (if any).
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
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