Saturday, April 4, 2026

November 18, 2009

Silver

Meanwhile, back at the factory, quite a few of you out there–that’s you my readership connection–have made it a point to let me know that many voices of the market are bearish on gold, including Robert Prechter of Elliott Wave Principle fame.

I’ve never met Robert personally, though I do remember when he won the US Trading championship in ‘84. I am unsure if he trades actively now. No matter–the point is that he and I have opposite opinions. He thinks precious metals are going to trade at lower prices and I think they are going to trade at much higher prices. Now that the opinions are out on the table, I am happy to report that my bankroll continues to be where my mouth is.

The precious metals–gold and silver–must go higher. They can’t not.

And the beat goes on.

Silver - Daily

Silver - Daily

In the modern world, silver bullion has the ISO currency code XAG. The name of the United Kingdom monetary unit “pound” (£) reflects the fact that it originally represented the value of one troy pound of sterling silver. In the 1800s, many nations, such as the United States and Great Britain, switched from silver to a gold standard of monetary value, then in the 20th century to fiat currency. -Wikipedia

2 Comments »

  • is HL still moving higher? man i keep missing this…keeps going up…the minute i get in..i know it will go down

    Comment by A — November 18, 2009 @ 5:17 pm

  • Mr. Volatility

    nothing has changed. the trend is your friend. vv

    Comment by Mr. Volatility — November 20, 2009 @ 4:10 am

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