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S W
Member since May 2012
668 commentaries - 5 followers

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has posted a comment on the article :

Silver Poised to Surge

- Adam Hamilton - Zealllc

And if the price? goes down further won't the speculative longs have to cover their positions thus forcing the so called bargain price lower still, thus pushing through so called support levels blah blah blah…

As for the claim that silver is poised to surge? big? because it is sitting on support,I will ask this question…how many times, have you Joe Public, seen gold,silver,indexes, stocks, commodities etc fall through support?

Essentially,Zeal is telling you to buy now at this 'Support' level/ price/? ( sorry but I don't get the author's use of ??? everywhere) but it is all just speculation and gambling. Good luck on that! Trying to pick bottoms is fraught with much risk.
Best to wait till the price? is going up and that is too early to call at this point! ??

Commented 3468 days ago

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Beginning of the headline :Silver is scraping major support again, after a rough couple months where speculators left it for dead. But today?s brutal lows and extreme universal bearishness are the perfect breeding ground for silver?s next big rally. Investors are very underexposed, while speculators have big short positions that will have to be covered. So as gold reverses decisively and paves the way, capital is going to flood back into silver. Silver?s great allure today whe... Read More

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