Loading ...Finally, after so many years, it just might be time to listen to the “stopped clock”=
Fifty-dollars looms very large. But there’s an old saying about these double-tops. I think they’re made to be broken, and silver is going to break this double-top. And the fact that it’s been there for so long means that when it does break — look out!”
Consider how far silver dropped. You could buy silver for $11 or $12 in March. Peter said he bought some silver coins himself.
Once 50 goes from being resistance to being support, it’s going to be massive support. And it is going to provide kind of like a launching pad for a massive move up in the price of silver.”
Once they’re finished unwinding, that bit of selling pressure on gold is going to be gone, but all the selling pressure on silver is going to be gone because no one’s shorting it anymore. They’re just going to be buying it. And silver has a long way to go.”
Peter said silver’s breakout is a good sign for gold too.
The fact that silver was never confirming the gold bull market, some people saw that as a non-confirmation, and so another reason not to believe in the gold bull market because silver wasn’t participating. Well, now it is. So, you can’t say that anymore.”
So what is the rally in silver telling us? It’s a prelude to the dollar collapse Peter has been predicting for a long time. And he said we don’t have a lot of time.
The bottom is going to drop out of the dollar any day. Gold could go through the roof any day. And so, this is really a race – a race to beat the clock and get people out of the dollar.”
So, what does the silver and gold rally mean? Peter called it a canary in the coal mine.
And the canary is dropping dead.”