Email of the day (1)
Comment of the Day

May 06 2011

Commentary by David Fuller

Email of the day (1)

On
silver (in response to my Audio description of it as the snowball hurtling down
the mountain which triggered yesterday's commodity avalanche):
"You may klick the following link to "watch" how silver can turn into a snowball....

"What goes up, MUST come down...

"Have a nice weekend!"

David Fuller's view Hair raising stuff in that video but I do not want to take the analogy too far.

It takes a daring-do spirit to ride a trend during the occasional parabolic phase, and that is the most profitable part of the move, while it lasts. The challenge is to ignore the proselytising and hyperbole, and instead, concentrate on the technical signals which are seldom clearer than in a climactic move. I would imagine that former delegates at The Chart Seminar were able to do this.

Clearly, a number of subscribers made a considerable amount of money during silver's recent blow-off. Hopefully, they took some profits as the ending signals were both anticipated and discussed. If not, the drawdown paid for an invaluable experience in the learning curve, which will be very useful for the next runaway uptrend. (See also the chart review below.)

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