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Tuesday, September 16, 2014

The Silver Sentiment Cycle

http://deviantinvestor.com/6337/the-silver-sentiment-cycle/

Silver Prices: 1972 – 1979
  •  Silver moved upward from about $1.40 in 1971, rallied to about $6.40 in March 1974, and fell to about $4.30 in August 1977.
  • The March 1974 peak took about 3 years and ended about 4.55 times its starting point.
  • The August 1977 low took another 3.5 years and fell about 33% from the peak price.
Now look at the following chart of silver prices from 2008 – 2014.

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