SilverMarketUpdate-atacriticaljuncturehere...

MuchofwhatiswrittenintheparallelGoldMarketupdateisequallyapplicabletosilveranditwillnotberepeatedhere.

AlthoughsilverhaspickedupsignificantlysinceitsMarchlowithasgreatlyunderperformedgoldoverthepast2years,butthisisnormalduringtheearlieststagesofamajorsectorbullmarketwhengoldisfavoredoversilver.Onits20-yearchartwecanseethatsilverremainsstuckwithinagiantbasepatternthatstartedtoformasfarbackas2013.Thischartmakesclearthatoncegoldbreaksouttonewhighsagainstthedollar,thensilvershouldbreakoutofthisbasetoenteradynamicadvancingphase.

Silver Market Update - at a critica重庆瑞阳科技股份有限公司l juncture here...(白银市场更新-在关键时刻…)

在平行黄金商场更新中所写的许多内容相同适用于白银,在这儿不会重复。

虽然银价已从3月低点大幅上扬,但在曩昔两年体现远逊于黄金,但在首要职业牛市的开端阶段,这是正常的,其时的黄金较白银更受喜爱。在其20年的图表中,咱们能够看到银价依然停留在早在2013年就开端构成的前底形式中。这张图表清楚地标明,一旦黄金相对美元打破新高,那么白银应该打破这个根底进入一个动力行进的阶段。

The5-yearchartrevealsthatsilverisbattlingalotofresistanceinthiszone,soifgoldshouldbackoffsoonforwhateverreason,likethestockmarketdroppinghard,thenitwilllikelydropbackforawhiletoo.HereweshouldnotethatifthestockmarketdoesgointoanotherdownwavesoonthentheFedcanbeexpectedtoprintupanothercoupleoftrilliontodriveitbackupagain,whichwillbehyperinflationaryandverybullishforgoldandsilver.KeepinmindthatiftheFedwadeinherebuyingstockstheycanheadoffanydeclineandgetitmovinghigheragain.

5-vear图显现,银价在该区域与许多阻力作斗争,因而,假如黄金投资者因某种原因很快退出商场,比方股市暴降,那么它或许也会跌落一段时间。这儿咱们应该注意到,假如股市真的很快进入另一波下行浪潮,那么美联储或许会再次印钞数万亿美元,将其推高,这将导致恶性通胀,对黄金和白银十分有利。请记住,假如美联储介入,买入股票,他们能够阻挠跌落,并推进股市再次走高。

The2-yearchartforsilverwiththeS&P500indexshownatthetopisusefulasitmakesclearthatthereisacrudebutimportantcorrelationbetweensilverandthestockmarket,whichcanbeexpressedbluntlyas“whenthestockmarkettanksittakessilverwithit”.Themessagefromthischartisthusclear–ifthestockmarketcontinuestoadvancecourtesyofcontinuedFedpumping,thenthereisagoodchancethatsilverwillbreakoutofitsbasepattern,butiftheFed“fallsdownonthejob”andthestockmarkettanksagain,sowillsilver.BigMoneydoesn’tcareabouteithertheeconomyortheunemployed–allitcaresaboutisthestockmarketandhowmuchitcanmakeoutofdealsetc.Onthischartweseethatalthoughsilver’soverboughtconditionhasneutralizedinrecentweeksputtingittheoreticallyinpositiontobreakoutofitsgiantbase,thereisalotofresistanceabovethecurrentpricethatwecanexpecttoturnitdownifthestockmarketweakens.

这张顶部标普500指数的两年白银图表很有协助,由于它清楚地标明白银和股市之间存在一种大略但重要的相关,这能够开门见山地表达为“当股市溃散时,白银也会随之跌落”。从这张图表中得到的信息是如此清楚——假如股市在美联储的持续推进下持续上涨,那么白银很有或许会打破其基本形式,但假如美联储“作业失利”,股市再次溃散,白银也会如此。

“大钱”不在乎经济情况或赋闲情况——它只关怀股市,以及它能从买卖中赚多少钱等等。在这张图表上咱们看到,虽然银价的超买情况在最近几周现已中和,理论上它处于打破的根底方位上。但在当时价格上涨存在很大阻力,所以假如股市走弱,咱们能够预期白银将会跌落。

Finallyonthe6-monthchartwecanseethatsilverisatacriticaljuncturehere,withthe50-daymovingaveragepullingupclosetothepriceandthe200-day,withasmallpotentialHead-and-Shoulderstopcompleting,sowecanexpectabiggermovesoon.

最终,在6个月的图表中,咱们能够看到银价正处于一个要害的关口,50日移动平均线向上迫临价格和200日移动平均线有一个小的潜在头肩顶现已完结,所以咱们能够预期不久会有更大的动摇。

Endofupdate.

更新完毕。

作者:CliveMaund

TechnicalAnalyst