
Rizk
1.1K posts









$SILVER If you are not emotionally prepared for an overshoot toward 35-38, you should be. The 3-month chart is respecting that level almost to the T on a closing basis, and it also lines up with broader Fib confluence.. I am not saying we need to close there... I’m saying a spike / blip into that zone would be perfectly in line with the structure.... just like the brief 64 overnight print a few weeks ago. Structure had already warned you

There's a pretty good chance this mornings undercut will turn out to be the bottom in metals and stocks and the top in oil. In a bull market you need to buy dips. But how many people can actually do that? Not many. People buy into narratives at tops and bottoms. At the top there is always a narrative for why price can't go down. We saw it back in January as people argued with me that the "fundamentals" were to strong and metals were only going higher. I did an interview on Commodity Culture and suggested that there would be a crash after the parabolic rise. The comments were insane as people lost their mind at the thought there was any way metals could drop. (cult like behavior). That has completely reversed. Now the narrative is that the war will somehow prevent metals from ever rising again. I've got news for you. The "fundamentals" haven't changed. All that happened was metals had an intermediate degree correction. Sentiment got too bullish, smart money started to take profits (exacerbated by a successful attack on silver by the banking cartel) and down we went. A profit taking event. Not a change in fundamentals. Just a profit taking event after a long and very powerful rally. Sentiment has now been cleared, people are bearish and buying into the narrative. We now have the fuel for the next leg up in the bull market. This leg will see gold over $6000 and maybe as high as $7000 before the next profit taking event. I also think this correction has knocked metals back into the wall of worry phase, and that's a good thing as it extends the life of the bull by at least several years. If you are one of those people able to ignore the narrative now is the time to start buying. If you are already long you need to hold onto your position. The next leg up should begin soon and may be ready to begin today. The SMT will be open for new subscriptions till the end of April. Don't let 2 months of rally go by and then decide to FOMO in. The time to buy is when you are nervous or scared. Not when you are happy, greedy and buying into the next narrative that price can only go up. smartmoneytrackerpremium.com


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