When we view the price of XAGUSD since 2000, we see an asset which historically has done very well in the event of turmoil.
When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued from todays sell off could we potentially see the same shift of funds?
Next we had the GFC in 2008 an historic event which changed the financial health of the economy drastically and we saw historical low interest rates, also during this period silver had a significant climb.
2020 and Covid strikes, another large move in Silver as we saw another catastrophic blow to the worlds economic affairs with crazy spending and debt creation, high inflation period.
We then saw this balanced market of consolidation in the silver market, and it appears to be that we have broken this range, however some added confirmation is a plus.
Where does this leave us? well statistically the large silver moves above 90% have all been caused by a market event, if we are seeing the beginning of a bull run in silver, which is lagging xauusd currently, we have seen this crazy 20% rise in the price of xau, but silver is following slowly, if we see this balance off and some market price rising over the coming weeks, we could potentially be in the midst of market event.
When we had the dot com bubble burst in late 2000 we saw a significant price rally in the metals, Id imagine as people reinvest money as their tech stocks began to fall, does this have correlation with todays NASDAQ? If the NAS continued from todays sell off could we potentially see the same shift of funds?
Next we had the GFC in 2008 an historic event which changed the financial health of the economy drastically and we saw historical low interest rates, also during this period silver had a significant climb.
2020 and Covid strikes, another large move in Silver as we saw another catastrophic blow to the worlds economic affairs with crazy spending and debt creation, high inflation period.
We then saw this balanced market of consolidation in the silver market, and it appears to be that we have broken this range, however some added confirmation is a plus.
Where does this leave us? well statistically the large silver moves above 90% have all been caused by a market event, if we are seeing the beginning of a bull run in silver, which is lagging xauusd currently, we have seen this crazy 20% rise in the price of xau, but silver is following slowly, if we see this balance off and some market price rising over the coming weeks, we could potentially be in the midst of market event.