Crowded trade with too many bulls

9月22日

Looks like another triple fail top. Silver was the original hopium trade before crypto ever existed. An easily manipulated market because the religious nature of silver believers. With the creation of the internet, the stories of Bigfoot, UFO's and the coming death of the dollar have become mainstream. With this status, people have piled in not understanding that bull markets do not go straight up, and that one can easily have 50% drops or greater. We are now near such a correction. The bull market will probably not be dead, but the pumpers and PM dealers will still be treated as honest and knowledgeable people for the next round of victims.