by Michael Noonan, Gold Silver Worlds:
This is a singular look at silver because of its current position on the charts that may be giving our first hint of potential bottoming activity. It is a “fashionable sport” for many to call a bottom, or a top, even though “they” are consistently wrong. No one can tell what has not yet happened, aka the future.
Charts speak the loudest, [admittedly, not always the clearest, but for a reason], and they never lie. Why do charts never lie? They just are. A chart is the true record of all buy and sell decisions executed, coming from the most informed to the least informed. Most of the problems lie with those who form an opinion, and how they choose to impose it onto what any given chart “says.”
We prefer to follow the message of a chart, not lead or predict what it may, or may not do. There is a high degree of logic in charts, and we try to draw conclusions from them, just not always successfully. As a road map, reading charts is superior to fundamentals, opinions, and mechanical technical tools which all use past tense information, impose it on the present tense, and expect it will divine the future tense.
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