Silver Squeeze

The silver price is being “squeezed” between a two year long support level and two year declining resistance level.  A major breakout one way or the other is coming.  Fundamentals support a break to the upside.  Buy anywhere below $30.   NOTE: Consider swapping a portion of your gold for silver at these levels.  If you would like to learn more about the swapping strategy with the gold:silver ratio, please let me know. All Things Considered – John’s Commentary: First, don’t get greedy by trying to squeeze out the last dollar in price if you want to purchase more silver.  Buy the amount you determine is best and don’t worry about an additional dollar drop in the price.  You might miss this buying window altogether by “waiting for the bottom” – I have seen it happen to clients repeatedly over the years. Second, don’t be scared about the silver rally being over.  Remember, all markets climb a wall of worry in which we are smack dab in the middle.  Also, in a bull market the bull will do everything within his power to throw you off the saddle.  Just hold on as tight as you can – and don’t let go until you hear the buzzer. Quote of the day:  “Success is built on adversity.” – Unknown