Here’s what Silver looks like in the major currencies … This is the “Handle” part of the giant “Cup and Handle” you’ll see in the first posted chart. The first chart is the historical monthly chart showing the spike in 1980 up to the 2011 spike to $49.84 (the day we got everyone out of the Silver Call Options) …. The other charts point to the “Come to Jesus” moment for the bankers and those short Comex and LBMA Silver contracts once Silver breaks through the resistance lines in a strong manner ….
Two years ago, I posted the monthly Silver chart, almost the day before another major bashing came in to bring the prices sharply lower. I no longer fear the shorts, because they are cornered more so now than before. If they are able to do it again, the handle will indicate a much larger move than it already is predicting. For now, a break above the $50 cup rim is a given (imo) with the possibilities being a break above $100 an ounce. Trading Long Call Options, SLV, or holding the physical will all prove to be a worthy bet (IMO remember, I’m a broker, there’s a reason for the title). So Stay Strong!!
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