Here is the historical record.
So -17 is the preferred sell signal level, but -16 has been the limit several times in the past. Silver also follows the PM1 precious metals I1. Here is the current chart of PM1 showing peak in November:
.bmp)
Monday, October 11, 2010
10/11 Silver
I posted on Friday that silver's technical composite had a sell signal. It is currently -16. The history of silver's technical composite shows that while -16 is a valid sell it is -17 that has stopped rallies cold. The exception to this is during runaway markets, 1974 and 1980. Both periods were accompanied by high and rising CPI and an ingrained inflationary psychology. This pattern does not fit today's market.
Here is the historical record.
So -17 is the preferred sell signal level, but -16 has been the limit several times in the past. Silver also follows the PM1 precious metals I1. Here is the current chart of PM1 showing peak in November:.bmp)
Here is the historical record.
So -17 is the preferred sell signal level, but -16 has been the limit several times in the past. Silver also follows the PM1 precious metals I1. Here is the current chart of PM1 showing peak in November:
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where do you fit into the gold and silver are real money and the fiat will end and this $US dollar is due to finnish?
ReplyDeleteEWI tends to view it as 'no-disruption' in this current disaster. Dollar will go up in 5 waves etc.
Are we due for a new international standard of exchange?
Eastern
ReplyDeleteEventually we'll go the way that rule by the mob always does, in a meltdown. But not for a few years, until the world is ready to abandon the dollar.