I have nothing to comment on the chart below. No technical analysis in this post. I just had to post this chart. This goes beyond technical analysis. This chart should serve as a reminder to what happens when....This is what happens when people who might have never even traded jump in a stock/commodity expecting to double their money shortly. This is what happens when you finally get on board of a sure thing. This is what happens when you start seeing ads on television regarding the commodity. This is what happens when you start getting mails in your inbox regarding the next big penny stock in the hot sector. This is what happens when your colleagues in office who have no idea that you trade and even run a trading blog, advise you to put all your money in gold/silver and sit tight for the next six months. This is what happens when your relatives come and complain how close they were to pulling the trigger couple of months ago but are sure to get in now, so as to not miss the next big run. This is what happens when a bubble gets formed.
Just a reminder......
Take care and good luck!
1 comment:
This is silver's speciality. I know someone who made almost 1500% off this trend 4-5 years back in 3 months. Someone even shorted it and made ~30% return on leverage in last 2 days on this mad fall.
I wish I also has 'scapegoats' indicators among relatives and office colleagues.
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