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Thursday, December 1, 2016

Silver - Cycle Update - Final Leg Down!!

Silver is on the cusp of a prolonged downturn.  This leg down is anticipated to be the final leg down in the Silver bear market that began in 2011.

The Silver bear market has been underway for 5 years, and the Cycle shows another 2 years down remaining.

3-day Chart

















Before: June 25th, 2016

"Silver is approaching a critical high in the Cycle. "


3-day Chart

















Silver Bear Market Cycle:


















49 comments:

  1. Replies
    1. It could. There may be room for one last pop to $48 for XIV. Considering a possible entry soon.

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  2. I do think UVXY looks best to focus for next few months, but I really don't see much happening until the new year. UVXY around $7 would interest me for a large move.

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  3. tommorow set up could be down big like 40 points we will see
    possible 2150 just like dec 31

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  4. Just as the SPX crash that you predicted for so long never ever happened, sub $10 silver will never ever happen.
    It is ridiculous to think that that it ever could.

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    Replies
    1. if its so ridic ulous what are you doing here lol

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    2. silver will drop to 10 eventually not this year

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    3. Louis so you are basically saying that only people that agree with SC's point of view should view the website or post here and everyone should just accept that SC has been 100% correct in the past?

      BTW every single Ag producer around the globe would be unprofitable at $10 Ag which is why it just won't happen.
      There is only ONE guy that is worth listening to in RE to the PM market and that is James Flanagan the BEST Gann practitioner around.

      This guy has nailed it EVERY single time. PM's began a new bull market last year.....bury your head if you like.

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    4. people said the samew about oil producers are going to be unprofitable well its gonna happen down to at least
      12 bucks good luck trading

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  5. heres my cell if any one wants it 917 816 2794 and they want to
    talk about market shoot ideas accross

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  6. UVXY getting hammered ... good you sold Louis ...
    I think we should do what SC mentioned what for it to goto $7 or less

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  7. might not get that low we will see maybe 7.90 to 8,38
    we will see good tradin

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  8. It's a little early for a Christmas rally. May see a small dip then rally to Christmas!

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  9. SC,what spx target are you looking for? Are you seeing this as the end of the bull run or just a correction before another rally to new highs?

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    Replies
    1. I'll post an SPX chart with targets. Not the end of the bull, but a correction is due. 3 or 4 month correction of about 10% early next year.

      It can go higher, and should see chop before it drops, but it's high enough that it's an expensive market.

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  10. As I stated earlier James Flanagan is the best Gann practitioner around when it comes to Au and Ag. He has just called the bottom in the metals and a new up leg to commence in the ongoing bull market that commenced last year

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    Replies
    1. I recommend reading Martin Armstrong's blog. He has been consistently right for decades. As the USD goes up, precious metals will continue to fall.

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    2. What does Flanagan say? 1158 for gold was a bottom? What does he say about miner's stocks?

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  11. anybody trading uvxy here vix is low

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  12. no just waiting as per SC
    below between $ 5 - $ 7
    but wow UVXY has come down alot

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    Replies
    1. vix very low here i dont think we go any where near 5
      im thinking more like 7.90 to 8.20

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    2. https://www.youtube.com/watch?v=hhZ9lG36KZk

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  13. DEC will likely be a zigzag up, 2220-50, same pattern/cycle as in AUG 2016. One more ATH before markets correct with a larger ABC down (wave IV), starting from the cycle date mid JAN.

    As explained here: http://tripstrading.com/2016/11/25/sp500-one-step-back-two-forward/

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  14. anybody buying uvxy here it looks cheap the vix very low

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  15. I took a small position based on action today. short term

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  16. i dont understand why only a few bought uvxy
    when the vix was real low congrasts to those who did

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    Replies
    1. Everyone is waiting on SC to give the WORD.

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  17. I'm wondering if this was a market top and we're going to go down hard into the 21st who knows input please

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    Replies
    1. Looks like we are going to retest the lows on UVXY.

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  18. SC, still see UVXY $7? super strong last two days even with the markets green

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  19. i have been trading in and out of uvxy however i would like to buy close to 8.25

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  20. Take a look a seasonality and mean returns, especially santa ramp. What you are describing is the ideal case, a dip and then squeeze into the new year. Take a look at the mean returns since 1896
    https://voodoomarkets.wordpress.com/2016/11/07/100-years-of-dow-jones-returns/

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  21. just curious sc your thoughts on uvxy ?

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  22. Detailed analysis will be posted this week. I think it is a little early for UVXY, but am pleased with the way it is setting up. Maybe UVXY pops a little but I think it can come lower. So I see no risk of missing a big move yet.

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  23. only trading it i believe we pop over 2300 in spx

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