I see a break above the 2015 high that I’d like to see hold as support. That would set the right side of the long bowl.
Gary January 31, 2023
I replaced the chart with one that I drew in the support level on.
Anonymous January 31, 2023
I ❤️ U….
joe morsillo January 31, 2023
I ❤️ U… :) now what do you see staring at the similar long term chart for silver?
Gary January 31, 2023
Awe shucks… anyway, staring at Ag I see a similar base that broke out about 17 years ago. I also see a shorter one that broke out in 2020 and got tested hard in 2022.
jon jonsen January 31, 2023
does this not play against your commodity view?
Gary January 31, 2023
Not really. Uranium is an outlier, a specialty. A structural need in the years ahead. So, much like Lithium and battery metals, etc. I see it as less an inflation trade and more a special situation. Of course, if we go full deflation it all goes down.
What do you see, Gary?
I see a break above the 2015 high that I’d like to see hold as support. That would set the right side of the long bowl.
I replaced the chart with one that I drew in the support level on.
I ❤️ U….
I ❤️ U… :)
now what do you see staring at the similar long term chart for silver?
Awe shucks… anyway, staring at Ag I see a similar base that broke out about 17 years ago. I also see a shorter one that broke out in 2020 and got tested hard in 2022.
does this not play against your commodity view?
Not really. Uranium is an outlier, a specialty. A structural need in the years ahead. So, much like Lithium and battery metals, etc. I see it as less an inflation trade and more a special situation. Of course, if we go full deflation it all goes down.