Every baseball player knows the saying, “3 strikes and you’re out!” Well, the dollar bugs may be about to strike out, against silver bullion. In the previous 2 corrections, silver made a “capitulation low”, and that was followed by a final lower low, which looks like a spike.
The same set-up is in play now. Of additional interest, is the fact that the silver market now shows three corrective phases, since topping in October. It’s quite possible that the next rally will be of “intermediate trend quality”, rather than just a minor uptrend that ends quickly. If I had to buy just one metal now, I would choose silver, but all investors should own more gold than silver, in a super-crisis.