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Tuesday, August 18, 2015

Silver Is At Or Very Near An Intermediate Bottom And An 82 Month Cycle Low.

http://deviantinvestor.com/7276/silver-cycle-low-now/

Is there anything specific regarding silver, or is it just “hope and change?”  Yes!
Daily charts (not shown):  Silver hit its low about 2 weeks ago and has weakly rallied since then.  Most oscillators show that silver prices are deeply oversold and that momentum has turned upward.
Weekly charts (not shown):  Silver prices have closed higher for the last two weeks, and like the daily charts, oscillators are oversold and turning higher.
Anything more?  Yes!  Long term cycles indicate that silver has finally made a major bottom.  I have little faith in short term cycles because prices are so easily manipulated by HF-Traders, but longer cycles are more difficult to manipulate, and more meaningful.  When longer cycles align with other confirming evidence, it is significant.

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