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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:




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9 comments:

  1. SCJune 25, 2016 at 9:55 AM

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

    ReplyDelete
  2. EcommerceJune 25, 2016 at 10:45 AM

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

    ReplyDelete
  3. SamJune 25, 2016 at 5:11 PM

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

    ReplyDelete
    Replies
    1. SCJune 27, 2016 at 5:17 AM

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

      Delete
  4. EcommerceJune 26, 2016 at 11:00 AM

    People Want Re-vote

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

    ReplyDelete
  5. EcommerceJune 26, 2016 at 11:57 AM

    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. honestcreditguyJune 26, 2016 at 10:34 PM

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

    ReplyDelete
  7. SCJune 27, 2016 at 5:20 AM

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

    ReplyDelete
  8. aditiJuly 8, 2016 at 10:31 PM

    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

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