Tag Archives: silver

Bear trap vs. Bull trap

There is an interesting article about possible bubble in precious metals. The charts look very convincing but… Please, read the article first :)

I wonder what is the correlation of those charts. It’d seem rather high on the positive side.

Is the public really in gold and silver?

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Investment strategy

I like being right, I usually am right and I don’t like to explain myself to or argue with people who think they know better. Since I’m also lazy I’ve decided to just give you my investment strategy without any lengthy justification. Take it or leave it.

Making money

If you don’t mind being (called) a speculator this is what you can do to make a lot of money in the coming years:

  1. buy gold (physical coins/bars, GoldMoney.com, various ETFs, RCGLDAOPEN on GPW in Poland)
  2. buy silver (physical coins/bars, GoldMoney.com, various ETFs, RCSILAOPEN on GPW in Poland)
  3. buy precious metals mining stocks (e.x. KGHM on GPW in Poland)
  4. buy agricultural commodities
  5. buy agriculture and agriculture related stocks (e.x. Astarta and Synthos on GPW in Poland)
  6. buy Thorium and Uranium mining stocks
  7. buy BTC (BitCoin) or invest in a BitCoin earning business
  8. buy stocks of companies investing in Africa
  9. few more speculative investments…

Losing money

Remember, don’t be a sucker, don’t lend money, hence avoid:
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Filed under Economy, Education, English, Investment

Support levels for silver

Is correction in silver price over?

I’m not a fortune-teller and I do not have a crystal ball so I can’t be sure, but I suspect it may still go lower. However, in my opinion if it does there are 3 more support levels on the chart.

One is at current price which is around 92 PLN and below are 65 PLN and 55 PLN.
Prediction for RCSILAOPEN during 2011-06

If silver would ever get that low it would probably be the last time for the foreseeable future.

Green lines on the chart indicate buy signals and so far they are almost 100% accurate. You can look even further into the past and nearly every time when RSI broke through 30 from below and Slow Stochastic broke through 20 from below, the silver price rallied quite strongly. I’d suspect this might happen again and after that we would get some consolidation period.

Than again, you never know how much more currency governments are going to create so in short-term every thing might happen :)

Disclaimer: I own gold, silver and mining stocks so I greatly benefit if there is more demand for precious metals.

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