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S W
Member since May 2012
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Reviewing My Older Take On Silver Markets: Best To Stay Neutral For Now

- Dan Dontrose - The Fundamental View

I really can't follow Mr Dontrose's so called Fundamental View. There is no fundamental analysis in this article.
He says " most readers know that I have been extremely bearish since the peak of May 11"
Then he states that he has no positions in silver at this time.
Then he will get extremely short if it goes below some arbitrary point.
Or he will get long if there is a break above some other arbitrary point.
( arbitrary points are those subjective lines drawn on a chart which show zones of support and resistance, trends etc heads and shoulders etc consolidations, flags etc etc)
But of course they are all backward looking, and I suppose it helps some people in their analysis but it hasn't helped Mr Dontrose because we have to assume that he has been sitting on the sidelines since May 2011 watching silver make some very good moves and still waiting for some time in the future to take a position.
MY suggestion is that Mr Dontrose will not take any "EXTREMELY SHORT" position in silver because his record ( related by himself here) shows that he doesn't.

BTW I am going LONG silver on the open Monday. I will be in the trade for at least 24hrs unless stopped out or I get out with a smaller loss near the close. If either of those 2 closes eventuate i will go short at the next open. I give Mr Dontrose a brownie point for mentioning the bearish sentiment.

Commented 4219 days ago

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Beginning of the headline :I felt it necessary today to re-visit my older view on the silver market. Most readers know that I have been extremely bearish on silver since the euphoria phase peak in May of 2011 and that acceleration of my bearish view took hold after the gold double top in October of 2012. I wanted to go back to the post I made on October 18, 2012 in which I cited the formation of a very bearish pattern emerging in the silver market because we are getting closer to possible confirmation of the pattern I... Read More

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