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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