Loading ...I’m a permabull and die-hard silver and gold bug. The last couple of days the market has been signaling a Hindenburg event, it’s VERY spooky for EVERYONE. I never sell. But when I see Bitcoin doing what it’s doing, we know they’re gonna crash the PMS, and they’re gonna take the stock market too, so I got a chunky fat short position locked in on IWM. If Bitcoin is burning in the streets like this, it has huge implications. I know it doesn’t sound believable, but that’s my prediction. That’s a big ass silver bear flag, and we’re going down to 50 to retest guys. I hope I’m wrong and you guys are right.
Just do the math. Top- 122. Bottom of flagpole 71-ish.The math pencils out to 51. It might just be a flash crash. Silver will become unobtanium and then higher than ever. I just need to know things are safe, too much risk right now for me in the casino. Stacking? Perfect. No fears. If Silver crashes, I can’t imagine what the premiums are going to climb to. I wish I was smart enough to have sold the top, trading is so hard in the PM’s. The amount of stuff we’ve had to put up with is insane. I’m cool with trying to chase it if it takes off up and this is just chart painting short term. They shook me out for a bit. If I can buy lower, a nice cash position would be smart. Plus I want to gamble and go big with the SpaceX IPO. I want to fly. I’m usually as slow as a snail when trading and try to sit on my hands, but I couldn’t stand it the last few days. I have seller remorse of course, but sheesh.