by David Kranzler
Investment Research Dynamics
With all the action in silver and gold on Sunday night July 3, 2016 we, at Shadow of Truth, thought we would provide a quick update on what has happened and what could potentially happen. Silver, in particular, looks very, very bullish. Dave breaks down all the technical charts and Rory provides some color commentary.
Some of this was inspired by our friend Jesse, Jesse’s Cafe Americain, in a recent article, Silver Cup and Handles Project to a Price Target of $54, Jesse shared the following:
I know some of you have been projecting these nested ‘cup and handle’ formations on your own, because several readers have sent their examples to me and have asked for comments.My first comment is the most important and I wish you to take it to heart.
Projections such as this are not forecasts, because the chart formations in these examples for the most part have not been ‘activated’ and are therefore merely potential things, possibilities, lines on a page subject to a great many exogenous forces and variables, including human and institutional decisions.