Patrick Karim: Next Steps for Silver are $27 and $58, Trade of a Lifetime
To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com
Tom welcomes Patrick Karim back to the show to discuss his latest charts on silver. Patrick is a proprietary capital manager and chart trader.
Patrick is cautiously optimistic about precious metals and, in particular, silver. He says, "We are at a deciding point, and we could go either higher or lower." The risks to the downside for silver are quite low since it has been so unloved. We could have a nice move higher for silver once most of the weak hands have been shaken out. Patrick says, "It's likely go time for silver."
He discusses several charts on silver and the miners and why an explosive breakout is entirely possible. He expects a bullish period and cautions investors to avoid listening too much to the echo chamber. It's essential to have tools and techniques to filter out the noise and make sound decisions. He gives some suggestions for selling once we get a specific distance above the fifty-day moving average.
He expects to see $31 by early next year, and then there is potential for higher prices into the $58 range.
Patrick thinks we may have already broken out of the long-term bear trend. Everything shows potential, and silver will move very quickly higher once we break above $19 to $20.
Time Stamp References:
0:40 - Coping with the new bull market.
6:30 - Chart 1 - Dow vs. Silver.
11:40 - Chart 2 - SIL.J Junior miners daily
16:15 - Chart 3 - Spot Silver Daily
22:15 - Chart 4 - Silver Yearly Masterpiece
27:15 - Chart 5 - Silver Futures
Guest Links:
Youtube channel: https://www.youtube.com/patrickkarim
Twitter: https://twitter.com/badcharts1
Stocktwits: https://stocktwits.com/badcharts
Website: http://badcharts.com/
Goldtent: https://goldtadise.com/
Видео Patrick Karim: Next Steps for Silver are $27 and $58, Trade of a Lifetime канала Palisades Gold Radio
Tom welcomes Patrick Karim back to the show to discuss his latest charts on silver. Patrick is a proprietary capital manager and chart trader.
Patrick is cautiously optimistic about precious metals and, in particular, silver. He says, "We are at a deciding point, and we could go either higher or lower." The risks to the downside for silver are quite low since it has been so unloved. We could have a nice move higher for silver once most of the weak hands have been shaken out. Patrick says, "It's likely go time for silver."
He discusses several charts on silver and the miners and why an explosive breakout is entirely possible. He expects a bullish period and cautions investors to avoid listening too much to the echo chamber. It's essential to have tools and techniques to filter out the noise and make sound decisions. He gives some suggestions for selling once we get a specific distance above the fifty-day moving average.
He expects to see $31 by early next year, and then there is potential for higher prices into the $58 range.
Patrick thinks we may have already broken out of the long-term bear trend. Everything shows potential, and silver will move very quickly higher once we break above $19 to $20.
Time Stamp References:
0:40 - Coping with the new bull market.
6:30 - Chart 1 - Dow vs. Silver.
11:40 - Chart 2 - SIL.J Junior miners daily
16:15 - Chart 3 - Spot Silver Daily
22:15 - Chart 4 - Silver Yearly Masterpiece
27:15 - Chart 5 - Silver Futures
Guest Links:
Youtube channel: https://www.youtube.com/patrickkarim
Twitter: https://twitter.com/badcharts1
Stocktwits: https://stocktwits.com/badcharts
Website: http://badcharts.com/
Goldtent: https://goldtadise.com/
Видео Patrick Karim: Next Steps for Silver are $27 and $58, Trade of a Lifetime канала Palisades Gold Radio
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Greg Weldon: Debasement, Currencies, Inflation, and Commodities - A Look AheadJoe Hebert: A Prospect Generator Exploring for a World Class DiscoveryWinter Drilling at New Found Gold - (TSX-V:NFG, OTC:NFGFF)Matt Geiger: Keynote: The Case for Natural Resource EquitiesDavid Jensen: The London Metals Exchanges are the Crux of Market PricingJustin Huhn: Big Bets Being Placed in the Uranium MarketDavid Jensen: Jamie Dimon is Acting Fearful of What the Markets Have To BringDavid Jensen: We Are In The End-Stages of Bullion Banks Ability to Modulate the Silver PriceFather & Son: The Gold Discovery that Rocked Newfoundland - New Found Gold (TSX-V:NFG, OTC:NFGFF)R.C. Williams and Julianna Ormond: The Fight Between Economic Freedom and SlaveryJohn Rubino: What Do You Get When Central Banks are Panic Buying Gold?Peter Grandich: The BRICS are Changing the Landscape for Gold InvestorsLarry McDonald: The End of a Rate Hiking Cycle is Great for GoldDrew Rathgeber: The Gold & Silver Industry - Who Wins, Who Loses, And Who Really BenefitsSimon Mikhailovich: Converging Macro Trends are Changing the World as We Know ItDavid Hay: Recession and Higher Rates - The Mega-Risks in 2023Jesse Felder: The Recipe for $2700 GoldJohn Williams: Hyperinflation and Depression - The Hidden Truth Within Our Economic DataPeter Grandich: The Best Gold Bull Market I Have Ever SeenAlasdair Macleod: This Gold Move Has Only Just StartedChris Puplava: We Could See the Fed Pivot by Fall