from Gold Silver Worlds:
There is an extremely interesting development brewing in the silver market. Chances are high this will turn out bullish, although one should not exclude a bearish outcome.
Silver (and gold) forecasts in 2014 have been rather unanimously bearish or neutral, with only a minor number of analysts being positive. Longer term, we could expect better returns for the metals, for instance by analyzing the long term silver cycle reaching new highs in 2016.
On the near term, two important indicators are flashing a potential key reversal, at least for the short and mid term. First, sentiment is at an important pivot point. Second, the long term silver chart seems to be accomplishing (“resolving”) a multi year chart pattern. Let’s review both in this article.
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