If you follow my blogs then you made a ton of money today...again.
Highlights of the day:
- Massive gap-up right at the opening setting the tone for the day. Significant positive reversal of MACD. See yellow block 1. I did mention yesterday that we should see significant move higher on Friday.
- Touching the 50% quartile mark for short term (yellow block 2) and approaching the mid term bullish trend. Very bullish for short term. Has already crossed the long term bullish trend.
- As I mentioned in first blog 16.9 on SLV is a key level to watch. Up until then, I expect fairly smooth sailing.
- RSI continues to be oversold (yellow block 3), again a bullish signal.
As I mentioned in my earlier blogs, hedge funds continue to be short whereas bankers continue to be long. This is creating a bit of volatility and holding the price discovery. Hedge funds have started to feel the pressure now and it is a matter of time when they start closing their short positions giving a much needed impetus to silver movement.
Please check my blog https://steemit.com/gold/@ajain/gold-and-silver-to-get-decoupled-from-price-fixing-soon-moonshot-coming where I provide a detailed analysis of how the prices are being manipulated simply by managing the perception.
I hope you enjoy these blogs. Please leave comments (and upvote) to let me know, what more information you would want to see to help you make a better decision.
Disclaimer: I am not a financial advisor and am not qualified to do so. Please do your own due diligence.