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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Market Moves more

Bear market in Silver may be entering its next (and final) down phase

Posted on 17 April 2014

Critics of price charting charge that charts only show for certain where a market has been. I completely agree. These charges are valid. Yet, understanding where market has been can provide historical context — and this historical context can be useful in anticipating the future. With the above disclaimer in mind, let’s take a look at Silver’s chart history.
Firstly, the monthly price chart shows that Silver remains in a long-term bull trend from the 1932 low. Yet, long-term trends experience sudden and violent counter-trend reactions. Such was the case in the 1980 through 1993 decline during which Silver priced declined by 93%. Silver bulls should know they can go broke being right on the metal’s long-term direction………………………………………..Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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