Bix Weir: Silver Charts -- Ready to Run?
In Bix Weir's videos posted 24 April 2017, Bix looks at silver charts.
Topics:
- Silver manipulation - starting with the Hunt brothers;
- J.P. Morgan;
- Silver to S&P ratio -- at extreme lows;
- Gold to Silver ratio;
- Silver wedge building;
- Debt;
- And more...
13 minute video by Bix Weir published 24 April 2017
Source:
Bix Weir's YouTube channel: Road to Roota
Bix Weir's website Road to Roota
I am not affiliated with the "Road to Roota", other than being a fan and avid follower of Bix's work.
The purpose of this post is to raise awareness of the "Road to Roota", give Bix's work a wider audience, and direct traffic to his YouTube channel.
I agree with Bix Weir, that silver is extremely undervalued and has huge potential to regain its rightful place history when the masses finally recognize the intrinsic value it holds. Given the supply destruction that has occurred over the last 6 year bear market which reduced the number of producers in the industry, I think silver is poised for a strong upward move to reach a supply/demand equilibreum. However, the (best) mining companies will be the greatest recipients of a higher silver price. I am investing in the miners/producers with the lowest AISC to leverage up my capital by a factor of 5x to 10x. First Majestic Silver is a personal favorite, and run by a dynamic CEO who's backed by the best resource investors on Earth. If you are stuck in a 401k or IRA (like me), and can't get your hands on the cash to purchase physical metals, then consider an alternative strategy of buying the mining companies that pull the metals out of the ground.
Completely agree!! I have been locked and loaded with silver, gold, and mining companies (including First Majestic Silver) for quite a while. I aggressively started accumulating after the 2008 crisis when the gov't piled onto the debt.
I have been tempted to sell but stubbornly held on even with the blatant manipulation of the markets.
The latest report from @sgtreport tells of something happening in the next 26 days. There is no better time to get ready than now. Here is there blog post:
https://steemit.com/ethereum/@sgtreport/ethereum-just-exploded-to-usd350-is-gold-next
Have a great day!
Steem on,
Mike
Thanks for sharing Mike. Shared on twitter. BULLISH SILVER..!! Stephen
As always, Stephen, thank you for your support.
I am definitely ready for silver to run.
Have a great week!
Steem on,
Mike
Been stacking silver recently :D hope it stays down long enough so I can get more and more. Bix Weirs a genius.
If it goes down a bit more, I will be adding to my stack!
Have a great week!
Steem on,
Mike
Ive been thinking about investing in silver for awhile now.... u guys buy actual silver or just on an exchange ?
I buy physical silver. Bix makes a good case for silver in his video. As I said in a previous comment, if it goes down any more, I will need to look into buying more to stack.
If you do not have any, now may be a good time to at least pick up one 1 oz coin. You can purchase online or at a local coin store.
Steem on,
Mike
You have DONE a GREAT effective JOB!!!
Another triple, triple, triple...
Upvote, Comment, Resteem
Frank
Again, thank you for your comment and your support! It means a lot!
Have a fantastic week!
Steem on,
Mike