Cycle Low in Silver, Gold? Inflation Hedges Take Off

8 בנוב׳ 2021

AGSILVER1!GDXGOLD

It takes zooming out at least 20 years to feel good about buying gold or silver, traditional inflation hedges.

It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid.

Regardless - silver (shown) and gold are hinting at cycle price lows. After breaching a year-long trendline and triggering selling pressure, silver prices held support over the previous major low before forming what now may be a H&S Bottom, as defined by Edwards & Magee (1951).