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  • Oil: 70.14 1.27

The Not-So-Bad News for Silver Bulls

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September 3, 2018 - 10:15pm

I posted a worst-case target of 9.35 here earlier, but because things might not turn out that bad, I am proffering an alternative at 13.527 that allows for a less dire outcome. However, that is my minimum downside projection for now, and regardless of what your long-term strategy is for silver, I would not recommend buying any more of it until 13.527 is reached. For purposes of bottom-fishing, you can expect a significant bounce from that number, given the precise bounce in December 2017 from p=16.024. If you don't subscribe to Rick's Picks, just click here for a free two-week trial. It will give you instant access not only to the chat room, but to actionable 'touts', intraday alerts and impromptu ‘requests’ sessions online.

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About Rick Ackerman

Rick's Picks publishes stock, commodity, and mini-index trading recommendations and forecasts based on a proprietary technical analysis method that took more than ten years to develop and hone.

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