logocto
Long

SILVER MINING TREND REVERSAL

SIL/GLD  
SIL/GLD  
28 0 0
I've been waiting several years for this now. The chart is a synthetic ratio of Silver             mining vs Gold             . I think of it like so: gold             is down a lot in terms of USD. Silver             is down in terms of Gold             and Silver             Mining down in terms of Silver             . In the chart I stack the silver             miners against gold             and it's clear that the price of silver             miners is low. I think it could even further...

As everyone is probably fully aware of, Gold             is in a bearish trend and is plunging pretty hard. I follow many of the hardcore gold             bugs out there and while they are still as bullish as ever, the general sentiment is pretty bad.

Technically speaking I don't think we've reached the "puke point" just yet, but IF we get some downside volatility , preferably fast drop, to the 0.04 level as indicated on the chart. I think it will provide an amazing long opportunity. I think the bear trend will reverse itself and we could see a bull trend with tremendous upside.
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