Market Tops and Bottoms in Gold and Silver
Snippet:
Based on 48 years of historical data, We believe this indicator is useful in determining silver and gold tops. However, the next major top in silver seems a long way off, but at the other business end of the chart, we see that the indicator is at a low which has only been seen twice before in 1972 and 1984. One of these triggered before the greatest silver bull market ever and the other triggered at the other side of it as silver was obliterated during the disinflation of the 1980s.
Author(s):
Roland WatsonI would like to tell you about a proprietary indicator that I use in the precious metals market. Take a look at the chart below which shows the indicator against the price of silver (in green) since 1967.
Tuesday, December 22nd
First published here: Market Tops and Bottoms in Gold and Silver
