Are you scared to see silver at $67? 😨 You should have been scared at $121! The biggest psychological trick in the market!
Do you remember when silver was at $121 and everyone was going crazy to buy it? And today when the same silver is getting cheaper near $67, your hands are shaking? That's called playing with your nerves! The phase that silver is going through right now is called "Accumulation" in market parlance. The sole purpose of this phase is to break your willpower and lift your emotions and throw them straight into the "gutter" so that you leave the field disappointed.
Today I will tell you that this is not the time to be afraid, but the time to celebrate!
🚨 Recency Bias and Your Unfounded Fear!
When silver was at its 'all-time high' ($121), it was perfectly logical to be afraid and cautious. But today, when the price has fallen -45% from its peak, the appropriate feeling should not be fear but extreme excitement and joy!
Here the average retail trader suffers from a huge psychological disease called 'Recency Bias':
👉 Understand in simple terms: Since a person has recently seen the price fall by 45%, his mind deceives him that "Maybe it will fall another 45%, I will wait for it to get cheaper". And in this waiting, when the market makes its next big move, they are left staring and suffering from extreme disappointment.
🌪️ The silence before the storm and the false narrative of "them"!
The current price action on the gold and silver charts is exactly like the deep silence before a very terrible storm!
The big players (crocodiles) behind the screen are giving the public a huge lie. They are spreading this false narrative through the media that "war in the Middle East and the world will be bad for precious metals". This is a complete deception! History is witness that gold and silver are the real safe havens in times of war and destruction. I highly doubt that metals are going to stay at these current cheap levels for much longer.
💵 Death of the Dollar (DXY Breakdown)!
If you still don't believe me, just look at this biggest technical explosion in the market:
The Dollar Index (DXY) has fallen below its most important and psychological level of 100!
* What does this mean? If the dollar candle closes below the 100 level today, it will be the seal of a final 'Technical Rejection'. And the world's oldest rule of trading is: When the dollar sinks, gold and silver rocket!
There is only one solution to all these situations, 8 attempts to knock it down, and smart money dramas, and that is my favorite strategy:
"Buy silver, do nothing!"
Our job is to buy cheap goods on the spot and then sit back with complete peace of mind, cut off from all the noise in the world. This market is testing your patience, you should show it your patience!
💡 Atlas' question to you:
Is your mind also suffering from 'recency bias' and threatening you with further declines, or have you taken advantage of this amazing 45% sale and saved your share of silver?
Be sure to share your true experience in the comments! 👇