If an investment is up almost 100% in 4 years, does it still have room to move higher?
Gold rallied almost 100% from 2001 to 2005, then notice what happened in the chart below, after it broke above channel resistance that had been in place for over 20-years…
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Gold rose almost 200% from 2001 to 2010, yet what happened when it broke above resistance at the $1,000 level? Another 50% gain since the breakout! Has Silver acted any different when it breaks resistance?
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Gold is up almost 100% from its 1980 highs. How much above its 1980 high is Silver? IT ISN’T!!!
Silver is now facing resistance that has been in place for over 30-years…..Wonder what investors should do if Silver happens to break above resistance line (3) in the chart above?