Targets are $13 for Silver and Gold under $1,000 at the next green arrow low. Ultimately, the bear market Cycle target remains at $6.50 and another 3-4 years lower.
2day Chart
Silver Bear Market Cycle:
Saturday, July 12, 2014
Silver - Cycle Update - Large Decline Due
The Silver bear market is likely to resume with the next leg lower due in the Cycle. A steep plunge is shown in the Cycle down to the green arrow.
Targets are $13 for Silver and Gold under $1,000 at the next green arrow low. Ultimately, the bear market Cycle target remains at $6.50 and another 3-4 years lower.
2day Chart
Silver Bear Market Cycle:
Targets are $13 for Silver and Gold under $1,000 at the next green arrow low. Ultimately, the bear market Cycle target remains at $6.50 and another 3-4 years lower.
2day Chart
Silver Bear Market Cycle:
Subscribe to:
Post Comments (Atom)
If the ultimate target s $6.50 for silver, what is gold? $500?
ReplyDeleteAbout $600.
DeleteQuite a plunge for Gold and Silver today!
ReplyDeleteHow long until green arrow low? Is this a faster cycle or slow moving like the Vix chart?
ReplyDeleteThis is one of the fastest, steepest drops in the Cycle for Silver/Gold. Timing is as shown on the chart - second half of the year.
DeleteWe have a good 2 - 3 week drop coming off the top. There'll be a pause, but it'll be a scary drop to 1800 or below. Once that's over, bull market continues to new highs for the EOY ramp, most likely 2100 or above.
ReplyDeleteI'm going short Silver soon, around the end of the July.
ReplyDeleteGreat timing bud! Please provide timely update or share input if you can, when there is intermediate/short term rallies in between after they get extremely oversold between now and December...I would want to take bets off for that rally/bullish duration. Thanks!
DeleteThank you, I think this Cycle will work out very well. A little chop possible short term, but the Cycle shows a steady decline for Silver with no real bounces. Very good short setup here!
Deletesc, are u waiting for fomc to complete before shorting silver? what u think of miners indexes in the coming months, gdx gdxj? thanks
ReplyDeleteAny little bounces for Silver short term are good to short. Miners facing declines also but I think Silver is the best short of the metals and miners.
Deletehello, i am looking at your trades section: how is it possible that you have a short position on on the SnP and it went 100points against you..and you are still holding? Is your trading size so small that you are able to hold such big loss?
ReplyDeleteSilver just had a bullish 50/200DMA cross, just an observation and does not mean anything by itself, but still noteworthy ;)
Can you post this on your blog? Expect a waterfall decline til mid September. Easily 1800 or below.
ReplyDeleteWe have a good 2 - 3 week drop coming off the top. There'll be a pause, but it'll be a scary drop to 1800 or below. Once that's over, bull market continues to new highs for the EOY ramp, most likely 2100 or above.
Down to 11-12 area for VIX next and then near 25 in Sept imo.
ReplyDelete