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Trading Any Market

Silver Gives Us Another Chance to Accumulate and Buy

Commodities / Gold and Silver 2018 Apr 25, 2018 - 08:21 AM GMT

By: Chris_Vermeulen

Commodities

Our recent silver analysis could not have been more accurate.  Please take a minute to read it before you continue reading the rest of this post if you have not already done so. The Silver price breakout, to near $17.20, last week was incredible.  It established a new Fibonacci price trend, established a downward channel price breakout, coincided with a Pennant/Flag price formation breakout and the wave count of this Pennant Flag breakout was perfect.


Our research indicated that after this $17.20 price breakout happened last week, any retracement below $16.75 while price held above support near $16.00 would constitute a “BUY ZONE” where traders could begin accumulating physical metal or equity shares.  The move lower today in Silver, which is related to the US Dollar and Bond yields move today, may be an absolute gift for metals traders.  We mean this could be a “fire sale” type of gift if prices continue to stagnate below $16.50 for a few days.

As much as I would like to tell you that Silver is rocketing higher as we predicted, we have to learn to play these price rotations to our advantage – especially when the markets are handing you opportunities like this.  Again, $16.00 is our support level currently.  Anything below $16.75 and above $16.00 is our  BUY ZONE.  We are waiting to see how the market this week before we make a decision on accumulation, but this looks like an excellent opportunity to consider adding to our existing positions/physical holdings if one has the opportunity.  Remember, the upside potential of this move could be as much as 25~70%.

If you want to know how to take advantage of these moves and stay ahead of the markets, then visit our website to learn how we help our valued subscribers find and execute success every month.  These types of tools are only one component of what we offer our members – we also offer Daily video analysis of the market, advanced research posts, Daily updates and more.  We know we are the only research team that can offer you these types of advanced predictive modeling systems. If you have ever wanted to know what the markets are going to do with relative certainty, join us today.

Our articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets. Created with the serious trader and investor in mind – whether beginner or professional – our approach will put you on the path to win with our stock and ETF trading signals. Understanding market structure, trend identification, cycle analysis, volatility, volume, when and when to trade, position management, and how to put it all together so that you have a winning edge. Visit: www.TheTechnicalTraders.com

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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