TheApeOfGoldStreet
@TheApeOfGoldST
·
2h
The #Silver market has now tanked so much the past couple of weeks that it’s starting to look like it’s priced in both the resumption of the Iran war and WW3 with NATO vs Russia the same time.
In reality the market isnt pricing in shit, it’s a manufactured dump by design.
They will run price to a level under $50, liquidate long positions, run stops, flush out retail panickans, kill/reset sentiment and then allow it to run upwards again.
We are approaching the part of where they will allow price to rise again.
Visual pain a little more, then we can start look upwards.
I still believe we close the year on a much more positive note, above $60 atleast. Most likely $65-$70.
This dump was extremely brutal.
The thesis of why I’m even invested in the #Gold and #Silver sector has grown even stronger though due to the events unfolding globally, so I’m not worried at all.