It makes Zero sense to me that silver should stop here for an extended time
It should get to at least the 2016 high given how much further ahead gold is at this point
Plus look at cde leading the pack on massive volume
We are in the epicenter of mass bullish seasonals now
I am surprised that Jordan Roy byrne(thedailygold.com) is calling for a 9 to 12 month correction before metals can take out the 2016 highs
If you look at the long term quarterly gold chart you can see that good had based for 6 years or 24 quarterly bars
Now we have advanced only 2 to 3 bars
There is plenty of cause for an extended run
no disagreement, but as I just wrote in the other thread we could complete 5 up weekly (XAU/GDX/GDXJ/HUI/SLV) from the later 2018 lows over the next 2-4 weeks, and NOT take out 2016 highs and then correct the entire rally from late 2018 - would be a very bullish set up but allows for a significant wave 2 correction, I actually think it may be "more bullish" than that (upside extension) but always good to have a few different and valid scenarios in mind
nice to get the 1000th post in!
Edited by senorBS, 24 September 2019 - 07:55 AM.