Got an alert in the inbox today from Bernard. Looks like my silver rounds will soon be worth a good bit more, again. I held eLD and ALD through the last move up, and it proved to be quite profitable. I’ll be holding ALD through this one as well. The eLD went missing with the FBI raid and hasn’t come back.
Liberty Dollar will Move Up on Easter Sunday, March 23 if the 30DMA for silver stays over $16 for 45 consecutive calendar days. Behold a new monetary system arises just as the US dollar descends into a pit of debt. Serendipity may strike again!libertydollar.org
As long as the spot price of silver stays above $16 an ounce, the daily moving average (DMA) will also stay above $16. (Kitco chart link) Considering the upward trend of silver of late, I’m inclined to think that the move up will occur the first time that Silver’s DMA reached $16, this time.
The $20 move up DMA level was $7.50, and silver flirted with that price at least 3 times before finally staying above it for the required period. I’m betting that a repeat of this will not occur.
Considering the current weakness of the dollar, I’m beginning to wonder if the time to the next move up ($100 base, Bernard?) will be measured in years, or months?
Editor’s note. I was so concerned for Bernard’s health through this period. In reflection, I can’t imagine why.