Även Clive Maund verkar nu vara övertygad om att silver påbörjat en ny uppgångsfas: Silver Market Update
The outlook for the dollar is terrible – it has just broken lower from the Right Shoulder peak of a large Head-and-Shoulders top, and once it breaks down from the entire pattern it will be headed a lot lower. This is what looks set to be a big driver for the expected major uptrend in gold and silver. We look at the latest dollar charts in the parallel Gold Market update.
In conclusion, silver is viewed as having broken out last week to start a MAJOR uptrend, and thus it is certainly not too late to go long or add to existing positions, and one can guard against the (now considered remote) possibility of this rally being a B-wave trap by simply placing stops, either below the support at the Right Shoulder low at $32, or below the early November lows.