Commodity Trade Mantra

Posts Tagged ‘Silver Sentiment’

The Silver Sentiment Cycle

As a reminder, after silver rallied to the then astounding price of $6.40 in early 1974, it crashed back to $3.80 and then traded sideways for 2 years. Less than 3 years later it had briefly traded at $50.00, due to a combination of inflation, debt and deficits, political issues, conflict with the USSR, fear, a market corner, and dollar weakness.

Silver Chart And Sentiment Show Potentially Very Sharp Rally

There is an interesting development brewing in the silver market. On the near term, 2 important indicators are flashing a potential key reversal, at least for the short & mid term. First, sentiment is at an important pivot point. Second, the long term silver chart seems to be accomplishing a multi year chart pattern.

What Lies Ahead for Gold and Silver?

First, the bad news… The Gold and Silver selling is likely not over. The capitulation process may not be completed. Overall momentum […]

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