Silver Market Update – powerful advance believed imminent…
On silver’s latest 13-yeat chart we can see how, after breaking out of its giant base pattern in the middle of last year, it was beaten back by the resistance shown to then successfully test the breakout point, and has already started higher again and this time it should have little trouble driving through this resistance because the dollar is collapsing.
Clive Maund
Mon, 01/04/2021 – 09:18
“As long as Wall Street has been in existence, it has been a tradition around this time of year for market participants to make predictions about what might happen to stock prices, interest rates, commodities and exchange rates in the following 12 months. These predictions garner a lot of attention, as they are made by very smart people with access to the best data and vast resources at their disposal. And yet, far more often than not these predictions end up being hilariously wrong.”
“The fact that Beijing was able to make enough concessions and wrap up the talks in a mere 10 months, after years of procrastination, says a lot about China’s reimagined diplomatic priorities for a post-Covid-19 world.”
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