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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (113011)	11/9/2020 9:16:05 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 116955

It is not possible to be in a long term bull market and not get several chances at a good entry position. Only in very short term trading a person should have a fear or missing out. If silver consolidates as you described, then one of the longer term MA's e.g. 125 SMA or 144 EMA will catch up with it and I will have my chance to evaluate it. If I miss that chance (unlikely) and it makes a strong up move (like it did during the summer) then it will most likely have a pullback to 21EMA or some other short term MA and I will buy it then. One last thing. I judge silver on weekly charts, not on dailies. The time to buy should be before February, and maybe even this week. But it is not going to rocket off to the sky and never look back. It is after all a commodity and not a biotech.