Jun. 25 at 4:01 AM
$SLV $AG $CDE $GLD I have no doubt that money printing and debt growth will continue, and long term, preciouse metals will continue to rise. However, that does not preclude a severe and lenghty bear market in gold in silver in between upward waves. For example, during the huge gold bull market that lasted from early 1970s through 1980, there was an over 40% bear market from late 1974 through 1976.
There is no reason why this cannot happen here. Do you really want to sit through something like that? Right now, the weekly chart shows a clear downtrend for gold. Lower highs and lower lows since February 26. Trying to guess the top or the bottom is a fool's errand. Wait until we have a new higher high and higher low on the weekly chart. For all you know it will be after another 30% down and another 9 monts of this....
