PeterLBrandt

Hi Ho Silver Away

Long
COMEX:SI1!   Silver Futures
The longest term charts display a multi decade Cup and Handle in Silver , best seen on the 100-year log chart. While I will not be around for it in my life, the target is around $100 per oz.

Comments

I certainly hope you will be around for it Peter, and many more cycles ahead, thank you for your selective and powerful insights
+3 Reply
Thanks for sharing... Looks realistic
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Cup & Handle is a legitimate chart pattern? I suspect not.
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@Jonty1985, you suspect wrong. It's a legitimate chart pattern.
+1 Reply
Jonty1985 pennywise_the_sage
@pennywise_the_sage, Can you point this pattern out to me in either Schabacker or Edwards & Magee ?
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@Jonty1985, So for you to take it seriously, it has to adhere to your chosen references?
+1 Reply
Jonty1985 pennywise_the_sage
@pennywise_the_sage, Peter is an adherent of classical charting, & the "cup & handle" isn't a legitimate classical charting pattern, as far as I am aware (although I could be wrong). Hence my question.
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@Jonty1985, Ok, I see now. Interesting.
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AceintheblacK Jonty1985
@Jonty1985, Charles Bulkowski considers it in the top 3 continuation patterns
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Thank you Peter! Happy New Year!
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