Silver Had Two Cyclical Bear Markets In The Prior Secular Bull Market
See http://www.sharelynx.com/chartsfixed/SI1970-80.gif to see silver's two Cyclical Bear Markets in the prior Secular Bull Market that peaked in 1980 (the link might not work after a while, if so, see http://www.chartsrus.com/), corresponding to Elliott Wave 2 and 4 downcycles.
From the Spring of 1968 until late 1971 (3.5 years) silver experienced a Wave 2 Cyclical Bear Market, and, in the mid 1970s silver experienced a Wave 4 Cyclical Bear Market, in which the multi year downtrend line that began in 1974 wasn't decisively broken until 1978.
Yes, Cyclical Bear Markets not only happen in a Secular Bull Market, but, they're likely to occur, and, are corrections from a generational point of view. Ignore the quacks.
.......http://www.JoeFRocks.com/
NEM XAU HUI
From the Spring of 1968 until late 1971 (3.5 years) silver experienced a Wave 2 Cyclical Bear Market, and, in the mid 1970s silver experienced a Wave 4 Cyclical Bear Market, in which the multi year downtrend line that began in 1974 wasn't decisively broken until 1978.
Yes, Cyclical Bear Markets not only happen in a Secular Bull Market, but, they're likely to occur, and, are corrections from a generational point of view. Ignore the quacks.
.......http://www.JoeFRocks.com/
NEM XAU HUI
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
posted by Joe Ferrazzano at
1:22 PM
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