Silver redux

almost 4 years ago I blogged about the Silver Fractal that was present in the LONG TERM (going back to 1972) Silver futures (continuous contract) chart. here’s the link to the blog:

so where are we now. Pay attention to the bottom formed in the 1990-2000 – it took a decade to consolidate. have not idea if that will occur again but am looking for silver to hold say 12-14 and once Gold finishes the last leg (e) of the a-b-c-d-e triangle then we might get a very nice run in Silver.

I’ve dashed the black box that is ‘looks’ and ‘feels’ like the same fractal that is present right now …note it does squeak out a new low before it rocks and rolls higher. not sure we have anything to do now, but perhaps sometime in June / July the puppy will start to run w/ the bulls.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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