kimblecharting's blog

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Below looks at Silver Futures over the past decade. The Power of the Pattern in 2011, suggested that metals should be flat to down for years to come. (See 2011 Post Here) Since that posting, Gold and Silver have continued to create a series of lower highs over the past 6-years. Silver remains more than 50% lower than 2011 prices.

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This past week the bull market in stocks, celebrated its 8-year anniversary, off the March 2009 lows. The bull trends off the lows in 2009 are still solidly in play, as key indices remain inside of long-term rising channels. Make no mistake the series of higher lows and higher highs has NOT been broken.  click title to see chart

 

 

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Ole Doc Copper has been creating a series of lower highs and lower lows since 2011. During this time period, stocks did well and many commodities did not. At the same time Doc Copper was soft, global growth had little to brag bout.