Greatest Bull Market In Financial History
Earlier this week in response to a question regarding cup and handle formations, I made reference to this chart and a piece I wrote last year. I didn’t expect to be posting this so soon, BUT I STRONGLY BELIEVE SOMETHING HUGE IS ABOUT TO HAPPEN! It lines up with my two postings this week regarding an inflection point for the stock market’s recent rally, especially the over valued largest mega cap stocks and the possibility of a precious metals default on commodity exchange(s). I believe you don’t want to be left behind, IF, something happens over this weekend! Take a position in your favorite precious metal(s) vehicle. Again, mine is CEF. Not a lot of downside risk, unless we witness a repeat of what happened during the March selloff. I am willing to bet, and am, that this drop in the market will see an upside explosion in gold and particularly SILVER! Even if I am premature about this weekend (my calls are often early) let me close with the quote I just saw again the other day. “Better even three hours early, then one minute late”!
That silver chart is still the hottest chart porn on the planet!
Sure is. Sorry, I wasn’t able to update it from when it was published last year. Maybe Patrick or another chartist could do so?
Beauty! The CEF chart has a short term inverse H&S that is setting up for a 4 dollar move. 🙂 Should kick that into high gear. Also, do they change the gold/silver ratio on the CEF or do they keep it 70/30 Gold vs. Silver? I will also hold PSLV to juice the move
Silverhawk, thanks for the chart analysis on CEF. As to your question. The ratio is out of wack because gold has outperformed and silver not kept pace. I don’t believe Sprott adjusts. When the trust was set up originally as Central Fund of Canada it was 50-50 gold and silver.