Agree, and thank you for the idea. Timing is always tricky
though. SLV first declined from $19.67 to $9.58 before taking
off in 2008. I guess it caught up in the declines. One
could say that this time as well, but that things are happening so
much faster. Normally corrective waves to retrace 50% of a
huge crash are 8 weeks, this time we were two...so maybe we already
had our crash in gold and silver. Gold stocks did break out,
maybe if they continue to lead, you are correct.
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Agree, and thank you for
Fantastic chart from Tavi Costa "Twitter". Print this out and ...
Posted by erikvik on 11th of Apr 2020 at 12:26 am
Agree, and thank you for the idea. Timing is always tricky though. SLV first declined from $19.67 to $9.58 before taking off in 2008. I guess it caught up in the declines. One could say that this time as well, but that things are happening so much faster. Normally corrective waves to retrace 50% of a huge crash are 8 weeks, this time we were two...so maybe we already had our crash in gold and silver. Gold stocks did break out, maybe if they continue to lead, you are correct.