Snippet:
On the 2-year chart we can see the sharp advance out of the 2nd low of the Double Bottom last Summer, which itself is actually made up of a lower order Double Bottom, and how this has been followed by a lengthy period of consolidation that has allowed the 200-day moving average to largely catch up with the price. Silver has underperformed gold in recent months, as shown at the top of the chart, which is normal during the earliest stages of a major sector bullmarket, but On-balance Volume is strong, which bodes well for continued improvement, and it looks like it is building up to break out upside from the large consolidation pattern before much longer.


Sunday, February 23rd


Silver continues to put in a laggardly performance relative to gold, but this is not a cause for concern, it is normal at this stage in the cyc
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