The Silver Sentiment Cycle by Gary Christenson
Now look at the following chart of silver prices from 2008 – 2014.
- Silver moved upward from about $8.53 in October 2008, rallied to over $48 in April 2011, and fell slightly below $19 in September 2014.
- The April 2011 peak took about 2.5 years and ended at about 5.7 times its starting point.
- The correction into the September 2014 low has taken about 3.4 years and declined about 61% from its peak.
Do you see the similarities? I have placed sentiment labels on both graphs.
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