SILVER IS OVER PARTY (FOR NOW)
Good day fellow traders,
I believe there will be a massive downwards trend towards the low 20s and or it could reach the 10s even. The reason I believe this is to do with Bidens Green New Deal and even if you look on the RSI, TSI, and MACD for the monthly time frame for XAGUSD it looks to be making a move to the downwards area. Market manipulation is also going to be playing a big part in the coming thew days, weeks, months, etc. The reason for this belief is that silver plays a big part in the Green New Deal, from solar panels to windmills. Another major component to think about is that silver has been manipulated for years and why would this year be any different. This year silver is going be playing a big role in America, course market manipulation is going to be taking place by the government to get better prices. I was personally very bullish on silver for a while now and the same on COPPER, but seeing that it plays a big role in electricity for copper wiring, etc. I am very afraid that this market would be manipulated as well.
I don't see the market making a return to its more bullish form any time soon. Sadly I had to sell my silver otherwise my account would be in a lot of danger. I will be purchasing silver once again if I see the market will recover. It is a shame because I really like silver a lot, but what are you to do. Please leave a comment if you have any ideas or disagree I would love to read them.
Happy trading
I believe there will be a massive downwards trend towards the low 20s and or it could reach the 10s even. The reason I believe this is to do with Bidens Green New Deal and even if you look on the RSI, TSI, and MACD for the monthly time frame for XAGUSD it looks to be making a move to the downwards area. Market manipulation is also going to be playing a big part in the coming thew days, weeks, months, etc. The reason for this belief is that silver plays a big part in the Green New Deal, from solar panels to windmills. Another major component to think about is that silver has been manipulated for years and why would this year be any different. This year silver is going be playing a big role in America, course market manipulation is going to be taking place by the government to get better prices. I was personally very bullish on silver for a while now and the same on COPPER, but seeing that it plays a big role in electricity for copper wiring, etc. I am very afraid that this market would be manipulated as well.
I don't see the market making a return to its more bullish form any time soon. Sadly I had to sell my silver otherwise my account would be in a lot of danger. I will be purchasing silver once again if I see the market will recover. It is a shame because I really like silver a lot, but what are you to do. Please leave a comment if you have any ideas or disagree I would love to read them.
Happy trading
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