Hoping For A Dip?

Judging by the amount of queries in my inbox, it would seem that many of you are.

Hmmm. Train leaving the station without you? Did the top-calling trolls with no understanding of the fundamentals spook you out last week? Well, there will undoubtedly be a dip at some point this week so we all need to be prepared. The dip may be tonight, tomorrow, Tuesday or Wednesday. Who knows? We do know, however, that there will be a moment in time when silver will sell off and then bottom. We must be prepared so that we can recognize this opportunity when it presents itself.

As we go through the week, I’ll try to update this chart at least once a day. For now, if things do head south overnight, here are some levels top watch. The strength of the support increases as price falls, so, 41.80 is stronger support than 42.50. 41.40 would be stronger still. I’d back up the truck if we saw 40.50.

That’s it for tonight. I have a last in silver at 43.13 and gold is 1487. Have a great overnight. See you in the morning (U.S.). TF

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