17.04.2014 - Bear market in Silver may be entering its next (and final) down phase
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 ó and this historical context can be useful in anticipating the future. With the above disclaimer in mind, letís take a look at Silverís 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 metalís long-term direction...............................................Full Article: Source
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