Bob Prechter's Elliott Wave Theorist presents unique analysis and forecasts in every issue, which subscribers use to pursue their own strategies. It's rare for Prechter to publish a specific trade recommendation.
Yet at noon Eastern time Monday, Dec. 6, after watching silver gap higher at the open and pop just above $30, he published a special Interim Report alerting subscribers to an "irresistible" opportunity in silver.
To put this issue into context, the only buy recommendation on silver that Prechter put out in the last 20 years was February 1993, when he urged subscribers to buy bags of U.S. silver coins as silver fell below $3.60/oz. The low that year was $3.50.
Today, Tuesday, Dec. 7, silver hit a fresh 52-week high, but promptly fell 7% on the way to its intraday low. Preliminary data shows this to be the third-largest reversal of its kind in 40 years.
While this is unquestionably an exciting couple of days in silver, it is indeed just two days.
The relevant question for you now is: What's in store for silver and gold in the next several days, weeks and months?
We offer the most useful answer to that question that you'll find anywhere. It's presented across no fewer than 15 clearly labeled charts in The Theorist, The Financial Forecast and Short Term Update.
It can all be on your screen in minutes via a risk-free subscription to the Financial Forecast Service.
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