by David Brady
Sprott Money
Silver completed a blow-off top on February 1 at a higher high of 30.35. At the very least, this was a great learning experience for many people, especially those new to the precious metals space. It certainly put Silver front and center in the financial news, which is where it belongs given what’s coming, and for that I am grateful.
As most of my followers know, I use a data-based process that incorporates multiple tools and data points to try to determine when the markets will turn. It enables me to remain objective and avoid getting emotional if something shoots higher or dumps. I use it in the short-term for trading purposes and from a big picture perspective for swing trading and investing long-term. It has served me well, not least triggering my decision to start buying precious metals in the second half of 2015.