Bob Kirtley of Kitco News: Every picture tells a story and silver’s story is not a pretty one as the above chart clearly depicts. I’m not convinced that the Junelow was the final low for this prolonged bear period that currently exists within this precious metals bull market. A final capitulation could be on the cards and arrive sometime this summer, maybe May/June time.
We keep asking the question; Is this the ‘real deal’ or another head fake? The 2014 rally has all but fizzled out as silver has given back the gains it made from January to mid-February.
Patience is the word of the day and also use this time to do your own due diligence in terms of which stocks are good quality and should be acquired when the time comes and which stocks to avoid.
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Chart courtesy of kitco.com