Loading ...Silver – Short Term & Long Term
I have to give credit to Graddhy, an ex-member of this site who first drew my attention to ‘false moves’ followed by an ‘around the apex’ move in the opposite direction. If silver launches from here (looking likely), that’s exactly what we’ll have, and a perfect textbook example too.
NS, thanks again for your on going analysis and support.
Any thoughts on overhead resistance due to the old high in 2011 of about 1900 $gold?
I posted that question yesterday, as it occurred to me that we could see some ongoing selling into strength?
The miners still aren’t on fire like 2016 even yet. Thanks!
Hi Steins. All I know at this point is that we are in a secular PM bull market, and new highs are on the way. A very large pullback into the 2034/24 cyclical low is highly likely. Other than that, given what’s going on at the moment, is almost anyones guess. I’d expect a ‘pause’ or pullback somewhere in the $1700-$1800 zone. The arc for gold is nearing completion. We may get a ‘handle’, but I think Silver, the GSR and the miners will hold the key, and give us some very important clues. More on that from me over coming days 🙂
Thank you, that is kind of what I expect. Looking forward to more!