I hope you have been following my notes in Silver.
Silver down close to 20% in the last week or so.
As I had said - parabolic moves collapse on their own weight.
We can see that in Silver.
Also extreme bullish sentiment - a one way trade - does not last too long.
My Silver targets are
$30
$20
$10
$8
Finally.
This is a medium to long term forecast.
I will not buy until we see this.
Also note extreme pessimism on USD.
This is a clear signal to stay long USD.
Which also means short or away from risky assets.
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