What Goes Up Must Come Down
I must still have been a bit jet lagged this morning as my ellbow accidentally pushed the wrong button deep down in the evil lair:
Ooops – sorry about that – my bad :-}
Of course rogue missiles are not the only ones pushing into the stratosphere today. If you appreciate exponential curves (or launch trajectories) here’s a juicy long term chart for you:
Charts and commentary below for anyone donning a secret decoder ring. The rest of you guys will have to wait until tomorrow – sorry. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
It’s funny how retail traders lead themselves to the slaughter over and over again. There’s an old saying, most likely inspired by Newton, that eventually holds true – be that in physics or in the financial markets:
What goes up, must come down.
Look at this chart and then tell me if this is a good buying opportunity for silver. Really now?