chris vermeulen on gold and silver ( from yesterday ) Given our research related to how Silver has moved compared to Gold, Treasuries, and Commodities, we believe Silver is basing and building momentum for a big breakout rally. We believe the upside move in Yields has put pressure on Silver and Gold recently to stall/consolidate. We believe Commodities are building strong upside price momentum which should push Gold and Silver higher. As the Commodity rally continues while Gold and Silver stall, an incredible amount of upside price momentum builds up over time. When it breaks, it could be very explosive.
A change of direction in Yields could prompt Silver and Gold to resume a strong upside price trend. Either way, as long as Commodities continue to rally and Yields begin to stall or more sideways, Gold and Silver are poised to attempt another advancing leg higher.
Our research team believes Gold and Silver are poised to make another big price advance. We wish we could tell you exactly when it will happen – but we can’t. Our estimate is that within the next 2 to 4 weeks, continued pressures will likely push both Gold and Silver into an upside breakout price trend. We believe the amount of rally pressure that is building in Gold and Silver is immense. Time will tell if we are correct or not.
Silver Explodes In Late-Stage Excess Rallies