End of the Trend
posted on
Jun 22, 2011 10:13AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
A new trend in silver should develop within days if not hours.
Regards - VHF
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The End of the Trend Is Near
Silver Shield
June 22, 2011
We all have been patiently watching and waiting for this trend to end after the Silver drive-by shooting. I believe we are very close to the end of this trend. As you all know I am not a technical trader and put little credence in technical analysis in such a market that is rigged on many levels. Think about it,the physical inventory is manipulated by the paper market trading billions of ounces overnight when most of the world's markets were closed leading to a $6 crash in 15 minutes. On top of that manipulation,we have all of the derivatives that multiply the winnings for those in the know. The markets are then manipulated with rate hikes,margin requirements,and rule changes. Look at the FOREX markets that just outlawed trading precious metals. Then you have the dollar,which is what silver is valued in,that in itself is a lie. Finally,I believe the Elite put most of this technical analysis to get the Pavlovian dog traders/traitors to instinctively react to the signals the Elite put out.
All that being said,it looks like this consolidation trend is coming to an end.