Silver is technically broken now. 6/27/2013

Silver failed to hold a crucial target/support number of 21.865 and is now what I consider technically broken. ¬†Until I see a consolidation and a move up I can’t draw new long term Fibonacci levels.

I still own silver bullion and will continue to hold it for years probably. I don’t own and won’t buy any shares of individual mining company stock, only bullion.

Do I still think silver is going to $100+ ? Yes. In my lifetime? No.

I totally called this one wrong.

If you have any questions, [email protected]

Thx,

Dave

Silver technically broken

Silver technically broken

 

 

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