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Silver Wheaton Corp. Message Board

  • hapiwondrer hapiwondrer Nov 20, 2013 3:28 AM Flag

    Down we go?

    Can’t you just see the manipulators rubbing their hands together in glee?

    Many of the long term PM charts, going back a decade, such as the HUI, GDM (Gold Miners Index), GDX (Market Vectors Gold Miners NYSE), XAU (Gold & Silver Index), Newmont Mining, among others, have come down to long term support.

    See: “Gold & Silver Equities To Rise Like The Proverbial Phoenix” by Vronsky

    Are the manipulators going to marshal their forces and violate this long term support? We will find out soon. If they succeed it will mean massive dumping of everything PM related. Depending on how you look at it, that could become the opportunity of a lifetime if the bottom is correctly guessed at, or a disaster for some that have bet the farm with their margin accounts on an upside reversal.

    Given all the out of control spending a reversal would make sense. But who says anything makes sense in the way things are handled in a fiat counterfeit monetary system? It’s all about creating fake chart patterns at opportune times, and the Fed with its allies have the printing press to do so. Let John Paulson take the risk here, and if he is successful, follow him on up.

 
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