Subject:Silver Market Update
By: Clive Maund
Overview: If we define a bearmarket as the price making a series of lower intermediate lows beneath falling long-term moving averages, then silver is in a bearmarket against the dollar and against the Euro and most other currencies. It is worth recalling, however, that by this definition both gold and silver lapsed into bearmarkets in the mid-1970's, which turned out to be severe corrections in the middle of a major bullmarket, as in the late 70's they picked up again and accelerated into spectacular parabolic blowoff tops.
Link: http://news.silverseek.com/CliveMaund/1225087260.php
26th October 2008, 20:47
Silver Market Update
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