A Look Back

It’s not a stretch to say, silver stackers, fiat failure futurists, the ‘bugs’, YouTube grifters, et al., are at the peak of euphoric hysteria.

Some, have even gone catatonic.

Well, it really could be different this time.

If that’s true, then, the chart below is of no significance (not advice, not recommendation).

Silver SLV, Monthly

If we take the entire move of the past 17-years and look at the prior high, we get a ‘Ruh-Roh‘, Scooby feeling.

Going back to historical data from macrotrends, it looks like the current price spike bears more resemblance to 1980, than 2011.

That assessment (the spike) would make sense if this market is ‘alternating’.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279