Silver Chartbook: No Time For Fear
Korbinian Koller | Mar 22, 2020 02:21AM ET
In our last publication of our weekly silver chartbook we advised the purchase of physical silver. It was timely since shortly thereafter shortages of physical precious metal deliveries were common.
Coins and bullion are now being sold as much as 100% above the cash price. However, it isn’t too late just yet. One can still have services store physical silver on one's behalf in their vaults at fair prices. It is imperative this storage be physical silver that you own. Watch out in your research for safe locations like Switzerland for example. Be aware that we are also in a time of fraudulent behavior booming. You may have been deprived of many rights all the way to house arrest in countries that enforced martial law. You are bombarded with negative news and an uncertain future. But this is no time for fear.
You simply can’t afford decisions being made for you. It isn’t easy to keep one's head up. It requires discipline like structuring one's day. Limited news exposure and a commitment to counter a scarcity environment with a positive stance. For some, it is yoga and meditation, for others family time with fun and games. Choose entertainment that is filled with humor. Take care of your body and relationships. Do whatever it takes to be able to not be deprived of the most important decisions of your life. The course of your imminent and long term future for yourself and your family.Your wealth preservation and creation.
h2 Unprecedented Opportunity/h2Gold/Silver Ratio Monthly Chart
The Gold/Silver Ratio chart has never been so useful than right now. It clearly shows how undervalued silver is against gold. With a high of 126.43 the ratio hit our projected resistance. Quick action is often met by a forceful reaction. Meaning the same units of silver right now might buy you more gold in the future.
h2 As Low Risk As Possible/h2Silver Daily Chart
We just entered into silver in a very low-risk entry supply zone. We immediately took small profits to ensure a zero-risk situation. To clarify, we intend to extend this daily entry zone into a longer-term time frame position.
h2 Oversold – No Time For Fear/h2
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Silver Weekly Chart:
Rarely it is granted to enter into a position in trading with emotional harmony. To take the opposite side of crowd behavior and step up, you need a planed execution. Silver prices can easily go lower, but we exploited a low risk entry zone and we simply took the trade. The weekly chart above shows how recent emotions have driven prices radically lower in a very short time frame. Prices entered a support zone and with a higher chance of a action/reaction principle in play, we dared to take a stab.
h2 No Time For Fear/h2This isn’t a time of “watch and see”.
We do not want to sell a one stop solution. No matter what your plan is – going all in cash – hedging with precious metal mining companies – investing in pharmaceutical or food companies – planing on how to restructure your business. Whatever it is, the most important factor is not to be complacent and waiting till emotions pass. We find ourselves in a rare circumstance. This isn’t just one of those typical cyclical wall street crashes.
This is a truly rare and unprecedented circumstance and as such needs a clear headed, unemotional and well planned active participation. Keep in control of manifesting your future the way you see fit. Don’t get derailed and deprived and allow your freedom one more time pruned. We urge you to distance yourself from surrounding emotions and center your thought. See the opportunities. Focus on the obstacles at hand and proactively plan and execute. Should you need help in your decision making process, our free Telegram channel is densely filled with highly educated people in the field of wealth preservation. We discuss daily what actions to take in a market environment like this and gladly answer questions.
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