Gold confirmed a bull market in March, when i posted this.
http://www.traders-t...+gold +and +nav
Now it's Silver's turn. 17.09 is the April candle high. If we breakout above that even by a tick a bull market in Silver will also be confirmed. Both gold and silver have had a 5 year long correction. The next bull phase should be exciting.
I personally hold physical silver which have i bought at 18 and 14 levels. I will buy more if we breakout above 17.09 anytime.
SPX remains in a bear market, the deep retrace notwithstanding. We may have seen the top last week. The hourly on SPX remains bearish. Monthly remains bearish. Daily has to turn down yet.
From a investment perspective, my opinion is that Silver is a great bargain here. Just when the world is convinced that we have seen the worst of central bankers' madness, i would say "you ain't seen nothing yet". The worst of the financial recklessness and money printing lies ahead. Gold and Silver should benefit immensely.
Good luck trading!
Edited by NAV, 02 May 2016 - 12:37 PM.