Thanks, I follow twocents for the K-wave aspects. No need to bash on Elliott Wave, this was my unwavered position for nearly two years when silver was still in the smaller wave 4 correction in 2007: one more wave (5) up then the big correction.
EE, I have read Butler extensively. No need to check out the top shorts. The net commercial short position which Butler USES as proof of a manipulation clearly declined months before the last spike in 2006. The top shorts may have tried to maintain their big short positions (proof?) but they were fighting against a tide of short covering.
I am not saying a blow off at $20, I said "$20 and beyond". You can forget about $200, that is years away and requires an inflation crisis similar to 1980 (which will come don't worry!).
Look at the charts for 2004 and 2006, run ups in silver cannot be sustained for anything but months! Don't hang onto the talismans of 1980, it is not written in the skies that silver MUST beat $50!
Churning Silver Stock and Bullion Positions: Exit and Re-Enter or Ride it Out? [View article]
One could but I was addressing holders of silver (and gold) mining stocks who may have wondered what they do during the large sized corrections which are a signature of these smaller and more volatile markets.
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Silver may be at a similar point to 1974-1975 but in K-wave terms, would you agree it is still somewhere in the equivalent of the 1950s?
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