People don’t understand politics. Perez called this election for one reason, timing.
If he had waited until 2027, he would have been walking into a fight he might not win. For Riquelme to pull about 35% now, without having years to build a stronger campaign, tells you everything. Give him another year, give him more visibility, more allies, more dissatisfied voters, and that number could have become a winning number. That’s how politics work.
Perez saw the trend before everyone else did. The smartest politicians don’t wait for the storm to arrive, they move before the clouds fully gather.
By calling the election early, he forced Riquelme to fight before he was truly ready. He didn’t just win an election, he interrupted a movement. Momentum in politics is everything, and once it’s broken, rebuilding it is never guaranteed.
That’s why the result is bigger than the percentage itself. Perez didn’t just secure another term, he just prevent the emergence of the only challenger capable of seriously threatening his hold on power.
Smart political play, no wonder he’s the Greatest modern Club President.
Silver, one year chart.
https://t.co/uXejho2x2d
If you have been considering loading up on physical silver, you are never going to have a better opportunity.
When it's over $200/oz, you will kick yourself for not buying on this dip.
Capitulation by “false breakdown” is the absolute best intermediate lows we can get. We are close.
Visual pain for now - happiness soon.
Indicators at rock bottom on both weekly and daily charts
RSI on the weekly at its lowest point since #silver $30
Sentiment indicators at rock bottoms
Miners basically all more than -50% from their recent 52w highs
People calling for $28 $40 $50 $55 silver with huge confidence
Narcissism rising for bears that’s been wrong endless of times and finally got a flush making them look right
Extreme fear - “I wanna sell it all” feelings arrived - it’s blood on the streets and optimism is fading quickly into depressive mode - you can’t ask for more when you make an entry or looking for a intermediate bottom.
Take advantage of any further weakness, because you will see a +50% recovery move in the miners occur in a FAST manner shortly.
Easy down - easy up
1800s: Britain floods China with opium to drain its silver.
2026: China keeps the silver and leaves the West holding the paper.
200-year payback’s a bitch.
🚨Breaking news:
The worst Elliot Wave trader on earth, Henrik #Zeberg, just called for #Silver to crash further to $28.59 as his MINIMUM TARGET by July/August already.
This is the same guy who called for #Gold to $850 during 2020, and guess what, it went from $1450 to $5500 instead.
BREAKING: COVID-Vaccinated Christian Eriksen COLLAPSED During Denmark vs. Ukraine Match After Sudden Cardiac Event
COVID shots are STILL causing serious cardiac complications and deaths among athletes and young adults YEARS after injection.
Christian Eriksen first suffered a cardiac arrest in June 2021 during Denmark’s Euro match against Finland.
~7 months later, reports stated he had recently received a COVID vaccine to comply with UK entry rules when joining Brentford.
Now, nearly 4 years later, Eriksen has collapsed again during Denmark vs. Ukraine and is undergoing evaluation.
SIX of our peer-reviewed studies demonstrate unequivocally that mRNA shots are EXTREMELY CARDIOTOXIC, permanently damaging the heart with lethal micro-scars.
Friendly reminder:
A 45-year #Silver breakout will not end after 2.5 months of upside.
What we are seeing now is the false breakdown that I always flagged was a possibility. This will look ugly, but will mark the bottom of this downleg cycle.
FWIW, today is my worst day ever in pure dollar terms. Sometimes, even I cannot avoid taking a big hit straight to the face. But this is how bottoms are occasionally printed in #silver. Good days are usually closer than they feel in moments like this.
As always, easy down, easy up.
I am back to levels last seen about a month ago, and the portfolio is still green over the past 30 days, so life goes on. But today was a bloodbath. And since this was not isolated to metals, with basically all markets getting massacred, who knows what next week brings.
Also, around the corner should be the Iran situation getting resolved and the Strait of Hormuz reopening which is a positive to look forward to.
Meanwhile, sentiment is in the toilet. We have a technical breakdown on the chart, indicators are at rock-bottom levels on both the daily and weekly, and the RSI has been reset.
In fact, the last time weekly RSI was around current levels, silver was at $30, right before the rally to $121 started.
People who called for downside at $71 a month ago, missed the bounce to $90, and then once again called for downside at $73, are now apparently the smartest people in the world at $68. But sure, they may get this call right. Just like in poker, even bad hands get rewarded sometimes.
If it is any comfort, I still expect the miners to print new 52-week highs before year-end.
I have experienced these smackdowns 1 to 3 times per year, every year, since 2019. This is the worst part of being in this sector. These sentiment murders happen every year, once, twice, or three times, and the drawdowns can look depressing in the portfolio.
The best you can do is maneuver through them to the best of your ability, and remember that after rain comes sunshine.
Some narcissists are in my DMs today celebrating and bragging.
First of all, you do not celebrate another person’s financial losses on a brutal day, regardless of whether he said silver was going higher and you said silver was going lower.
You can discuss market direction. You can debate charts. I can joke with people who called for downside at $71 and then watched silver rip to $90, because they missed the move, but they did not lose money.
But I would never dance on someone’s losses while knowing they are taking a serious hit that day.
That says a lot about some people.
But thats on them;)
YTD results still +33.47%.
12 months still +794.03%
Anyways, wild F day. This was not a normally event. And it was not something based on a chart structure. Every sector out there got a liquidity grab basically, oil gold silver Nasdaq crypto sp500 natgas whatever.
Narcissists may believe they called it but yeah basically then you called all sectors on earth to magically dump to nosebleed across the board today…..
No one saw today’s event across all sectors come, those who believe they did, have mental issues. 😜
Whoa
Apparently China just made the biggest purchase of physical Silver in history, buying 847 tons of Silver in 1 month
Previous monthly record: 312 metric tons, in March 2024
(source: @GlobalProTrader)
Any confirmation from an additional source would be greatly appreciated
Gold currently below it's 3-year uptrend and testing key horizontal support
If it can hold that would give some positive evidence that silver will end up being a wick
These are the days that in hindsight become the clear warning or the place that shorts ran the stops
We are coming into my levels. Hope you’re not too afraid.
Just remember the long-term case for Gold & Silver.
Recent price action will just be dust in the wind at some point & scheduled buying always wins!
#Silver hanging on a thread right now and the #False breakdown is obviously back on the table.
I believed $73 (daily close) would mark the bottom 2 weeks ago. But after bouncing to $79, revisiting $73, bouncing to $77, and now again trading here at $73 you can’t ignore the tape.
As I said for the past two weeks, I welcome a false breakdown as silver loves to make them to mark the intermediate lows. A flush to smash sentiment and get Chartists to scream broken structure is actually the best signal there is with this asset.
Let’s see what next week brings and where the headlines takes us.
With knocking on the $73 door 3 times - and with renewed tensions around Iran the past 14 days we can’t ignore reality.
But don’t be the fool that sell on that potential flush, if it would come. Because that move would mark the bottom. You don’t sell bottoms. You buy them. In my book.
I believe an Iran MOU deal announcement is around the corner also.
Sentiment and fear is wearing out silver investors right now. That’s what silver does with you 2 times per year atleast. When you are scared and wanna sell it all, then you know the bottom is in the making.
Who knows, maybe the $71.24 dump early morning hours was it. Next week we will know!
Everything is on the table nearterm from here.
Hang in there, we are around the corner for good times, not bad times. BTFD