Loading ...Silver Bull Market ?
Where’s the Beef ?
If this is a bull market I’m a Donkey’s Uncle !
No way to Sugar Coat this.
It’s just another Commodity.
Not a store of wealth .
Central Banks Hoard Gold NOT Silver .
Stackers Hoard Silver but how much does that affect the market ?
If we are waiting for the GSR to break down under the present circumstances…we may be waiting a while.
These Parabolic Blow offs take a long time to start to build again ..sheesh
Patience my fellow compatriot! Silver’s equivalent breakout to gold’s is 21$, and since 1971, usually lagging 6 months to 1 year. TSI on monthly chart has just turned down for GSR. Always got meaningful moves after that happened.
Patrick I respectfully disagree
Gold already broke out of its significant resistance at 1350 and went all the way to resistance at 1550
Silver has not broken out of anything.
LOOK at that chart again
In the big picture there is hardly a pulse
Exactly. I’m saying Silver has not broken out yet, the same way gold broke out of 1350. It’s equivalent breakout is 21 (same 6 year base). Historically, that takes 6-12 months after gold breaks out. So Gold broke out in June 2019.. so we could be breaking out anytime from Dec ’19 – June ’20. The 12 month moving average for Silver is going up, with price action above it! That is pretty much a clear cut uptrend…
I thought about that scenario… where we are in the echo bubbles from that early 1980 bear market. Volatility hadn’t dried up back then… the weight of evidence was not fully stacked in a favor of a long lasting bull run premise. Remember my Bolligner band post? It that helped me see this.. https://goldtadise.com/?p=451808
Remember my “time cop” post? I had my time cycles show pretty much what you are hypothesizing… then Northstar help me see the light… Alleluia! https://goldtadise.com/?p=451978
LOL
OK You hold the Candle for a while Sir Patrick
Obviously I am getting old and worn out watching this paint dry
Mission accepted!