I recently conducted an interview with Ted Butler, the silver champion and analyst, and he got me really excited about what silver may do over the next few years. The podcast of that interview will have both a public portion and a private portion for enrolled members. In the exclusive part, you will learn about some of the reasons that silver may perform really, really well over the coming years.
I said I would be keeping any eye on the silver markets to see if/when the next buy point might come. While I was expecting a bounce, today’s actions caught me off-guard.
Not the bounce, mind you, that I was expecting, but the violence of the bounce. First we might note that it was a textbook perfect bounce, right off of the trend line. Second we might note that the bounce was pretty solid, which is a good sign for the long-term trend.
But pretty much everything bounced hard today in the world of stocks and commodities. Oil and grains are all up by solid percentages as are stocks.
Driving this, apparently, is some slight weakness in the dollar, which we should keep in perspective:
A couple of red candles over these past two days (after a string of eight green ones) is not much to get really excited about, but it’s when we look at bonds that the unusual pattern we noted last Friday comes back into view.