Ah, more chart analysis.

Just like using fundamentals as a basis for investing, it doesn't really mean much short term.

Why? Because the manipulators control short-term movements, meaning they know how to paint the charts to cause reactions.

Notice how the article uses the word if? Of course any analyst has to do so since even in non-manipulated markets there are no guarantees of price movements. Charting is already a guessing game made even worse by manipulation. So what's the point in even trying to predict short-term movements?

Heck, if the price wasn't manipulated, we wouldn't even be at these absurd low prices for gold and silver to begin with.

Bottom line, both fundamental and chart analysis can be boiled down to one line:

"If the prices weren't manipulated, then prices could go higher."

A chart cannot tell anyone the moment the bullion banks are going to strike, except, perhaps, for when everyone is looking at a potential breakout point. Sucker the longs in then whack it. Demoralize gold and silver investors to keep them away. That's about the only thing close to a guarantee currently.

As long as the bullion banks are in control, gold and silver are just insurance against the day they stop being in control. This pretty much means that the day that happens, the financial system as we know it now won't be functioning. Gold and silver will just be wealth preservers as price won't mean anything anyway since the fiat currencies used to measure price will also be in great flux, maybe even broken.

So why am I even in metal stocks like ECU & SFMI? The gambler in me wants to hope I can hit it big. Fundamentals say it's close to a sure things, sorta, in a free market.

Terry

Disclaimer: I do occasionally do some day trading in general equities using charts, of course. Not 100%, but a lesser chance of heavy, direct manipulation.