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dom1971
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Silver Has Broken Down

- Dan Dontrose - The Fundamental View

THE ROCK? no I don't build on ex-wrestlers who think they can act.

I researched into property for 2 years before buying. For my entire life I watched property double in value consistently roughly every 10-15 years. I observed and absorbed information for a good year before buying into PMs. In both cases I probably got the wrong advice but at the time historically both had done very well. I made decisions and I stuck to them for as long as I could.

Please, show me a market where I can sell my physical for more than the paper price and I'll be there tomorrow. I've been buying and sometimes selling physical for 2 years now and the only time I ever paid a premium over spot was my first purchase from a dealer. I'd challenge anybody short of working in a pawn shop who gets physical cheaper than I do.

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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