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Jim C.
Member since May 2012
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Silver Has Broken Down

- Dan Dontrose - The Fundamental View

Here is Armstrong's recent comment on silver: http://armstrongeconomics.com/2013/04/04/silver-beware-of-2640/

His article sees silver possibly falling to a low of $23 to $17 before a rally back in 2017. I have a large silver investment and have no intention of selling any time soon. I've been thinking about buying more at the $26 level but may now wait, accumulate cash, and be ready to buy below $20. There are so many different commentators on this with so many diverse views that decisions are difficult. The key might be need. Holding is fine if one can afford it

Armstrong's take on the fall of the Euro and the rush into dollars is interesting.

Commented 4037 days ago

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Beginning of the headline :I’ve written recently about the important levels to watch for in silver and went so far as to state that a “breakout” day was close. It appears as though today is that breakout day but unfortunately for longs it looks like the breakout was to the downside. This could imply that prices are now going to trend downwards to test the old support or, as is often the case with silver, we may see a whipsaw move to reverse. Bottom line, confirmation on the move is needed. As I warned in another of my... Read More

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