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mattcook
Nov 7, 2017 11:49 AM

Silver breakout coming within next 6m (Spring 18' ?) Long

Silver FuturesCOMEX

Description

Silver is approaching a long-term consolidation and has put in a nice selling tail with high volume. We're approaching a consolidation wedge between the long-term resistance with the secular bull support from 2000. I expect a breakout one-way-or-another and suspect it will be in early spring and to the upside due to the Gold/Silver ratio being at an upper extreme.
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