Why did Donald Trump totally reverse his stance on Bitcoin as a “Scam” and now totally support the Bitcoin Mining Industry? Well, it seems to come down to Big Money and much-needed votes. Also, are we seeing another Bullish Setup in the silver price…
This institution just became the third-largest holder of the Sprott PSLV ETF, and is why it represents a coming trend-change in global silver investment. I also believe future institutional Silver ETF investment will likely crowd out retail investors who will move more into physical metal buying…
Not only have Gold, Silver, and Bitcoin been trading in similar patterns, but all three assets have high short positions. In fact, Bitcoin just registered the highest short position this week. So, what does this mean for precious metals and Bitcoin going forward…
With gold and silver prices correcting lower from the highs, what’s next for the precious metals? Is silver heading back to $35 and then to $50, as many precious metals analysts believe? It’s probably a good idea to look at the technicals and the market structure…
The silver percentage chart shows three key silver breakouts. The most recent Breakout resulted from a decade of backfilling and Retests. With the silver price up nearly $10 since February, what are the current important technical levels…
In just one day, not only did Silver BREAKOUT above $30, but it also sliced through $31, closing below $32 for the day. The only way to describe this huge move is a massive short covering rally. Why? Market participants were likely caught on the wrong side of the move due to large silver bullion hedging and not believing the rally…