Loading ...Silver rally percentage gains
I took a look at the first Silver rallies in the 2002 and 2008 bull runs and 2016 to today (so far) on a percentage basis.
2002 first rally 4.01 to 8.35 = +108%
first correction 8.35 to 5.50 = -34%
2008 first rally 8.40 to 14.60 = +73%
first correction 14.60 to 11.73 = -19.65%
2016 first rally 13.62 to 20.35 (so far) 49.41%
The 2002 rally was the strongest rallying 108% before correcting.
The 2008 rally was 73%
The 2016 rally stands at 46% so it’s still low compared to the last two bull markets.
Gold Tooth, thanks. That is interesting data.
The difference this time around is the stocks are vastly outperforming the metal
That’s true Plunger the stocks always outperform the metal. However the stocks performance is driven by the rise in the metal itself.
Nice work GT
your data supports Martin Armstrong’s comments that the PM may not be ready for prime time just yet and Socrates has stated at numerous junctures since the January low that the PM weren’t showing enough momentum to call this a new bull market…anyway your data is very interesting….thanks for posting it
I take this study as meaning Silver has a long way to go before it corrects
I think that is what Gold Tooth is implying….not that the rally is weak but
That it will continue a long way before a consolidation
These percentage gains do not support Martin Armstrong’s ideas, quite the contrary. These numbers confirm we are in a full blown bull market in Silver!
I consider Armstrong to be nothing more than a charlatan.His vitriolic rants on PM’s goes way past impartial analysis.