Silver Bear Market Analogs
Throughout 2013 we posted the gold stocks bear market analogs. Now its time for the silver bear market analogs. Silver has had a very weak bounce in recent months and is threatening new lows. This suggests the bear is not quite over yet.
However, this chart argues (because of the extended nature of this bear in terms of price and time, in comparison to all other bears ex 1980-1982) that a new low in Silver would be a BUY signal. We think a new low would mark a final bottom and a tremendous buying opportunity for Silver and silver stocks.
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