- Reaction score
- Here, There, and Everywhere
You've been conditioned to think that way because of the abuse over the past 3+ years. If this was a mid-cycle correction (which i believe to be the case) people are going to be very surprised by the price action over the next 6-18 months and be very disappointed that they didn't act. When guys like Sinclair say things like "1900 by year end", he has historical examples to look back on and not just with gold. The same pattern has occurred with every other asset class.Interestingly enough, the charge higher seems to be sticking around for Qued Witching today. This would go counter to what we've seen for years now, although trading is just getting going. We'll see.......
It does NOT mean we have reached bottom yet, although we could have. What it does mean is that the downtrend has been broken to the upside with a fairly solid base. Now it is just a matter of time for the bottom to form, then best guess is $100 silver in 2016 or so.Gosh, that graph is interesting. I honestly don't know how to read these, but that triangle means we've reached the bottom?
Could the current price increase be the first phase of the next climb?