rjchilia123

Technicals Based on Price Action say sell but I say buy for long

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TVC:SILVER   銀CFD(米ドル/オンス)
With the biggest market drop ever in a week, we had a ton of margin calls which caused a major selloff in Gold, Silver and Gold miner to cover the calls. I don't recommend using any margin to trade. Based on the fundamentals rate cuts, qe, more debt is Silver/ Gold bullish and these will come back and make new highs. I believe this is another gift another opportunity too add to our positions. We already have FED cutting .5% with more cutting coming. I explained at the beginning of the year we would be around 0 by the end of 2020 and everyone else thought rates would remain unchanged. I will link that idea Gold and Silver will soar in 2020. With that being said Silver especially is bearish based on price action, but I am still buying the dip for the long run, I don't think its going to stay down with more stimulus coming. Sorry, I didn't get to post an update earlier this is my first day off this week.
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