Found some patterns again. Consider this post primarily as entertainment...
US debt clock currently $737 / Ounze for silver. US debt seems to be doubled every 10 years. So that means that in 2030 it should be about $1500 / Ounze. Add some fractional reserve lending to that and that extra $700 becomes $7000. Add some worldwide financial enlightment to that, a broken derivative market, and a crushed bonds - and voilà, the silver price may just end up at $15'000 year 2030.
www.usdebtclock.org/
US debt clock currently $737 / Ounze for silver. US debt seems to be doubled every 10 years. So that means that in 2030 it should be about $1500 / Ounze. Add some fractional reserve lending to that and that extra $700 becomes $7000. Add some worldwide financial enlightment to that, a broken derivative market, and a crushed bonds - and voilà, the silver price may just end up at $15'000 year 2030.
www.usdebtclock.org/
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Added an attraction point.
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Okay, let's have a target for December 2018.
$90 is a realistic target.
$90 is a realistic target.
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Zoomed in: A big resistance at $22. After that it should move pretty much unstoppable towards $90.
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So the target for 2018 at $90 is positioned on the Fibonacci ring marked with a fat red line in the chart below.
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Now go and buy some physical silver (not investment advice). :)
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Update:
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Broke out it seems.
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Zoomed out. Red fat line is resistance.
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Silver is getting squeezed inbetween those two giant rings (looks like linear lines because of their "hugeness"). Here's a zoomed out and zoomed in view of the phenomenon. Don't ask me what it means, I have no clue. Maybe some pressure is accumulating inside that channel... Like a volcano getting ready to blow. At least in my dreams. But a very friendly silver volcano. Hmm...
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There's a tendency of Silver price to go to $21.5 level where it will meet some solid resistance. After that I'm thinking about the $90 level (let's say $100 instead). A sweet level that will make your mouth water, at least mine is. And then you just stay in and wait some years for $400 where I sell some (like a 1/3 or 1/2) and then I wait until 2030 where I sell the rest. That's the plan for now.
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AI trading bots just trade from the left had to the right hand zero sum game, whilst the true value is found using OccultMagnetism.
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Silver looks as if it's breaking out in brittich pounds chart:
Finacial expert 'maneco64' talks about this in his daily podcast:
www.youtube.com/watch?v=_2BDItll...
Finacial expert 'maneco64' talks about this in his daily podcast:
www.youtube.com/watch?v=_2BDItll...
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I remember it was spelled "Brittish" when I was small but because of quantum entaglement and retocausality it has now been changed to "British" with one "t". I believe that this retrocausality is the cause of the OccultMagnetism phenomenon also. It cannot be proven though.
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And what means the word "Retrocausality"?
Retrocausality or Backwards causation is a concept of cause and effect where the effect precedes its cause in time. Retrocausality is primarily a thought experiment in philosophy of science based on elements of physics, addressing whether the future can affect the present and whether the present can affect the past.
Retrocausality or Backwards causation is a concept of cause and effect where the effect precedes its cause in time. Retrocausality is primarily a thought experiment in philosophy of science based on elements of physics, addressing whether the future can affect the present and whether the present can affect the past.
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Pfft... Crashing to one of the magical trend lines.
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Central bankers tricks isn't strong enough to beat the occultmagnetism trendlines...
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They are weak and predictable.
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Hitting "Dead end" now. C'mon try push it lower.
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Bullion banks has just started to long the silver market.
They haven't done so for the last 24 years.
kingworldnews.com/ma...st-time-in-24-years/
They haven't done so for the last 24 years.
kingworldnews.com/ma...st-time-in-24-years/
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I realized the Fibonacci rings are faulty when using candles less than 1 day in size (because of bug I guess). Current chart still looks viable using 1 day candles...
$13.33 is a possible bottom it looks like.
$13.33 is a possible bottom it looks like.
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The cicles are a bit buggy when they are oversized like this. They jumped a bit (not me touching them).
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Dont forget about this other chart I did...
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New trendline added.
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Zoomed in.
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Returned beautifully to the place where the circles intersected, now off we go.
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This is probably similar to the phenomena where the price retracts to the point where two moving averages cross, in this case with a so called long squeeze.
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Important message about JP Morgan silver shorting capability declining as their physical holdings just shrunk 20%:
youtu.be/9EOPKizJ_Y4?t=1412
youtu.be/9EOPKizJ_Y4?t=1412
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