Wednesday, May 9, 2012

SILVER - I'M BUYING THE INVERSE HEAD & SHOULDERS - MIKE MALONEY



Please watch the video and you can understand my scribbles below. Happy watching all.


GOLD

  • points to buy : when price is below the Moving Average line, 7 points from 2001 until now
  • draw support line which meets 6 lowest points + trend line = triangle
  • it will break the triangle either downwards or upwards
  • Shoulder + Head + Shoulder : where's the neckline?
  • Flipping it over, the head for gold can reach USD2100/oz  :D


SILVER
  • silver, manipulated heavily, thus difficult to analyse
  • showing Shoulder + Head + Shoulder as well. Neckline, flip it over, silver becomes USD44/oz
  • big resistance, a pullback, new Head & Shoulders, neckline, flip, silver is USD60-65/oz.
  • double the price today. (At the point of writing, silver price is at USD28.83/oz
  • In Sept 2010, silver was USD18/oz, moves up to USD44/oz. It doubles the price. Mike was right at that time.
  • Every pullback is a gift


HIS POINTS :
  • If you wait until Crisis before you do anything, it will be too late
  • Continue to educate yourself



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