Loading ...Commodities will suffer some more…
Expect commodities to plunge one more time into the abyss…
This chart is pretty clear… you need high rates to stimulate a healthy economy and have real growth through savings and capital investments to produce/manufacture goods..
This shows how sick the world is right now… the TRUE MATRIX!!! We are living it right now!
This will not help silver… gold might stand alone some more in the precious metals bull era…
http://schrts.co/YTEDDexe
I understand now why you have been showing this chart for pass many months… I’m slow learner.
I’m not looking for silver to do much between now the end of the year, possibly into spring 2021. Yes, we could get a backtest to maybe $14 sometime soon, but I think it will be rejected there and sent back down for months yet. To really get excited about silver, it needs to get above its currently declining 400 WMA, which right now is a million miles away. The same is true for the CRB. It could be another 2 or 3 years before commodities get back above last years highs–and that might be an optimistic view.
Thanks guys! Makes sense.. lots of overhead resistance now on top. Time and churning is required.
It’s possible silver languishes for years yet (although I expect a solid bounce within 1-2 months). 2022-23 will be the year to buy. I think it will re-test the upcoming low then, and it will be time for it to finally launch higher. Book it. lol.