Silver Surging, GSR crashing – More Bullish Signs In PM markets
Whilst Gold is pondering its next big breakout, silver is on the move…
Silver targeting $16 initially, but much more in the coming months…
GSR is falling like a rock now…
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It does indeed look like Bob’s finally on the move. Great charts NS!
Let’s hope so Jim 🙂
On watch!!!
GSR need to trade below 85. Theory is that GSR normally crashes from high levels. Once silver trades above 16 there will be many fire works in PM.
Thanks for the charts.
I agree, 85 is the level to watch 🙂
Ha! I was just going to post “Here comes silver, bringing up the rear! Now up 30 cents.” But I like your charts waaaaaay better.
I was typing furiously, expecting someone else to beat me to it lol 🙂
Great charts, Northstar, thank you. Hi Ho Silver.
Thanks North 😉
Looks great. Been waiting what seems like an eternity. Hopefully this isn’t another false start.
I hope so too dadoc1 😉
Let’s hope is the right time and not a false move Northstar…we are all getting old waiting for Bob to wake up….
Very true, lol 🙂
Per usual, wonderful charts NS! I hope you had some good relaxation time recently.
Thanks Aurum Maximus. Great to get away and switch off for a while. Looks like we’re getting close to the next big move in PM’s now. Very interesting with the GSR dropping fast and DXY showing strength.
Hey NorthStar, I think you were right about silver being the next mover instead of gold. I bought some calls on SLV, so I’m hoping this move continues. Thanks for the great charts!
Glad you find the charts useful Banimal. The next stage (when gold breaks out of this consolidation pattern) might take us to somewhere between $1500 and $1600 gold and $21 silver. We’ll find out soon. That would give us GSR of 71 to 76.