Last post on Silver (I think): https://bartscharts.com/2019/06/17/silver-redux/
I’ll have to look up why me and Silver resonate? Take a peak at the work here on Silver. Folks, it’s not about me, it’s that it’s actually there. Seriously.
Silver: https://bartscharts.com/?s=silver
Honestly, been crazy busy and my computer crashed (have everything backed up) but it’s just one big pain trying to get it all situated. Been awhile and felt like going to the charts to just chill … been super busy.
Very thankful for my bud Ponch as I’ve talked to him a bunch and we are working on a brief and concept of “why” the market produces these patterns. Seriously, why are these patterns present?
There are those who SEE.
Those who SEE when shown.
Those who will never see.
Leonardo Da Vinci
In this case, the only “number” on the chart is the .786 retracement that was shown above in the old post. Amazing.
Other than that, it’s all Mr. Measured Move.
And, in fact, right now, it certainly looks like it’s doing what it has done and it’s just seems to follow the simple script … the REAL test will be the upcoming measured move around 35 dollars. If history of this chart is a guide then we’ll get a little / some pullback and then, perhaps, another parabolic take off to new highs? Who knows …all I’m saying, when you SEE the chart below you’ll say “well, look at that?”
By the looks of the current candle, that level looks like it’ll be tested sooner rather than later.
Stay tuned.
That 1.29 low, spun out two consecutive low to low cycles of 129 months. That’s 10.5 years. 1/8 the 84 year cycle. The March ’93 low was $3.56 and spun out a 356 month cycle. That’s 29.6 years. 84 year cycle-one spin of Uranus. 29 year cycle, one spin of Saturn.
I like this…
There are those who SEE.
Those who SEE when shown.
Those who will never see.