Market Curiosity: Exploring Markets And Systems

November 18, 2011

Long term silver: Cup and handle or rounding bottom?

Filed under: Just Watching — Tags: , , — Jeff Fitzmyers @ 2:01 pm

James Turk: Silver: The most bullish chart on the face of the planet …I see forming here a massive ‘cup and handle‘. The cup is outlined by the two green lines, with the rims of the cup at $50 – the high reached in 1980 and earlier this year. The handle is now starting to take shape on the right hand side of the cup’s rims. It probably needs another year or more to complete.

Could be a rounding bottom too.

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