Silver Is Still A Must-Buy At These Levels / Commodities / Gold & Silver 2019

We are coming into the traditional seasonfor intense silver rallies. With silver recently making a really importantbreakout, things are setting up for a memorable period in the silver markets.

Furthermore, the decision to buy silver forthe long-term is basically a no-brainer given that the Gold/Silver ratio isstill around 80. Below, is a long-term Gold/Silver ratio chart as well as aSilver chart (from macrotrends.net), to illustrate this:

On the Gold/Silver ratio chart, I haveindicated the areas (in red) where the ratio was at around 80 or higher. As youcan see, when referring to the aligned silver chart, it was basically always agood time to buy for the long-term.

With the ratio still being around 80, it isstill currently a great time to load up for the coming years.

Here is a chart I featured months ago thatshows why the recent breakout is so important.

On the chart, the first phase of the silverbull market was from 1993 to the end of 2001, and the second phase ispotentially from 2001 to the end of 2015.

It appears that there is a similaritybetween the two phases. I have drawn some lines, and marked some patterns toshow how they could be similar.

The first phase is marked 1 to 3, in black,and the second 1 to 3, in blue. Both of the phases appear to occur within in abroadening channel, from which they both broke down, after point 2.

After breaking down from the channel therewas a consolidation that ended at a new point 1. The first phase managed to getback inside the broadening channel again. If the current pattern follows and dothe same, then we will see some high silver prices.

Now price appears to be after the start of anew point 1, and a breakout from the wedge has been confirmed.

If the comparison holds true, then we couldsee a massive rally over the coming months that would likely make new all-timehighs.

For more on this, andsimilar analysis you are welcome to subscribe to my premium service. Ihave also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert

“And it shall come to pass, that whosoevershall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

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