Just a quick follow up on the silver charts I presented recently.
It's looking like we're at a point which in hindsight will be seen as very important. The lower blue trend line was broken today, and we're right at the 34-week MA (pink line). I'd bet that if silver falls any lower, and/or doesn't finish the week over the blue trend line, with the 34-wk MA holding as support, then silver is in for a somewhat protracted decline, at least until it hits the 55-wk MA (green) and/or lower dotted trend line.
Ever the optimist, I bought a shit ton of SLV at 32.85 today, with stop in place. I'm not confident, truth be told, so I didn't go in for options or leverage as I hinted at last week. I also bought a kilogram kookaburra and a silver lunar monkey. Hell, silver can drop to zero and I don't care - not looking to sell these things anyway. The Perth mint does it right!