Depew on Silver : Demark Charts Updated
June 19, 2009 8:09 am
Recently, Kevin Depew discussed the long term opportunity for investing in Silver on a recent Disciplined Investor Podcast,
Quarterly Chart shows we are still looking for ultimate bottom for silver. Monthly just recorded TD Sequential Sell Signal Weekly shows we are on bar 10 of potential TD Sequential Sell Signal, so minimum 3 more weeks before that could record. Coincides with what I believe will be a last gasp for gold and silver, gold back above 1000 by end of summer before declining severely. Ultimately, the quarterly chart of silver, however, unlike gold, indicates silver will make a low likely next year before a multi-year bullish run that is far more powerful than gold’s upside potential.
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