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Saturday, June 25, 2016

Silver - Cycle Update - Before/After - Next Targets

Silver formed the double bottom blue arrow lows late last year as anticipated in the Cycle.  The result was a significant bounce. 

Silver is approaching a critical high in the Cycle.  It may seem tempting to view Gold and Silver as a safe haven with turmoil in the market. 

Any safe haven behavior is likely short lived according to the Cycle with a relentless decline directly ahead.

3-day Chart

















Before:  November 21, 2015

"Silver is anticipated to be forming the second blue arrow low currently.  In the Cycle the blue arrow lows are a double bottom pattern.  Silver should now bounce for several months towards $17."

3-day Chart

















Silver Bear Market Cycle:




9 comments:

  1. Silver/Gold may see some upside yet short term - approaching a high.

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  2. Thanks SC , what are your thoughts on the recent BREXIT events and market crash , whats ahead June 27- July 1st

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  3. SC, what's the next support level for XIV you see if markets drop a bit more on Monday?

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    Replies
    1. The pink fork support is around $20. $18 to $20 is a strong support for XIV.

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  4. People Want Re-vote

    http://finance.yahoo.com/news/britain-revote-stop-brexit-081452041.html

    ReplyDelete
  5. This crazy flowchart shows how the UK could still remain in the EU

    http://finance.yahoo.com/news/this-one-crazy-brexit-flowchart-shows-how-the-uk-could-still-remain-in-the-eu-161203645.html

    ReplyDelete
  6. Silver and gold are going much higher.. 1600 gold, 28 silver..

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  7. The Silver Cycle is technically still positive. Silver/Gold may rise for another month or so.

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  8. Spot prices reached their highest level since March 2014 on Wednesday at $1,374.91 an ounce but have struggled to maintain those levels as stocks and the U.S. dollar rose. Gold jumped last month after data showed a slowdown in hiring in May. Follow epic research for more details.

    ReplyDelete