Posted by Francis Koh on 16 Sep 2014

The Silver Sentiment Cycle by Gary Christenson

Now look at the following chart of silver prices from 2008 – 2014.

Silver Prices:  1972 - 1979   Silver Prices:  2008 - 2014

Silver Prices: 2008 – 2014 

  • Silver moved upward from about $8.53 in October 2008, rallied to over $48 in April 2011, and fell slightly below $19 in September 2014.
  • The April 2011 peak took about 2.5 years and ended at about 5.7 times its starting point.
  • The correction into the September 2014 low has taken about 3.4 years and declined about 61% from its peak.

Do you see the similarities?  I have placed sentiment labels on both graphs.

Read More: deviantinvestor.com/6337/the-silver-sentiment-cycle/