Technical Update: Silver EXPLODES Higher Dear Money & Crisis Reader, The stock market finally poked its head above major resistance yesterday (red line in the chart below). We now need to wait to see if there is follow-through today. For certain, stocks remain in an uptrend (blue line in the chart above). But without follow-through on this breakout, we could easily see a retest of the blue trendline. And if you really step back and look at things in the big picture, the market hasn’t done much of anything since early June. The more dramatic development concerns precious metals. Precious Metals Are on a Tear Silver in particular has begun to go vertical, erupting above resistance (red line in the chart below). This looks to be the start of something MAJOR. During inflation-induced bull markets in precious metals, silver outperforms gold dramatically. The below chart shows the ratio of silver to gold. And it proves this to be the case since the March lows. When silver outperforms gold, the line rises. When silver underperforms gold, the line falls. It’s very clear what is happening here. Looking at this, it suggests that this is not some mere blip, but part of a major bull market in precious metals. |
Tidak ada komentar:
Posting Komentar