That's probably the main thing that has me being bi-polar about where it's at lately rbaggio And then I stop to think about the events I've seen unroll in recent months (e.g. co-ordinated events engineered by G10 etc), and the desperate measures being taking by governments worldwide and can't help but wonder if the chart has been engineered to look that way to make me crap my pants and put my cash back in the bank account where it's "safe" as a bank (using the term safe very loosely) :lol:
Not everyone agrees with (to quote "flip flop") Mr Maund http://goldsilver.com/news/is-silver-making-a-head-and-shoulders-top-or-a-massive-flag-formation/
It is a bit hard to call him a flip flopper, I think he is just calling what he sees and yes what he sees is a manipulated market. He always says a crash in silver is bullish long/er term and I agree with him.
I think flip-flop is spot on. That is the problem predicting a manipulated market. It can blow up in your face. My concern is that in 10 years of watching PM markets and price charts, no one has acurately and consistently (every one will get one right occaionally) predicted meaningful short term moves based on Tech analysis. The most reliable people avoid it like the plague. There is always a move out of left field a "who could have seen that coming" event. Too many variables here to predict a meaningful move. To me this is all going sideways fast. A major event will be the next move to impact PM prices. Who knows if that will be the ECB recaping banks and countries (30T), Greek (or other PIIGS) default or war in Iran or who knows? Not Mr Maund ?
Mr Maund is now tending to bullish again.... Gold: http://www.clivemaund.com/article.php?art_id=68 Silver: http://www.clivemaund.com/article.php?art_id=67
I think he just calls what he sees, silver is the one flip flopping IMHO (or at least balanced on a knife edge)
Silver is always UP!, if you saw it going down, you must have saw it upside down you just need to flip the chart twice to get it on up again if you do not like to flip it, then place a mirror there. just like I told you, its up mate. everyone has their opinions, but the price just refuse to follow. there you have it.
