Silver – Bullish 89 & 200 MA crossover
1. There have only been 4 other positive crossovers during the last 10-12 years – so we should expect some follow through to the upside.
2. Except for the 2nd crossover beginning in April, 2009 – each crossover cycle has been “left translated”. The shortest crossover cycle occurred after the longest, heralding a vicious and prolonged bear market. Based upon time and the present price level – I don’t expect the same to occur.
3. However the cycle develops – at any point you should count on and prepare for price to re-test the 200 MA – and buy, hold, or sell accordingly.
Thanks RTV. A positive sign.
Nice charts!