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Are Gold & Silver still in a bull market? Some say yes, others say no, each person coming from a different point of view. If one uses long-term support lines (10 years+) as a gauge, the bull markets are still in place in both metals, reflected in the chart above….buy a very small percentage!
For the past 10-years Gold & Silver has staged solid rallies off these support lines and support is still in place.
Joe Friday…From a long-term technical perspective, it is critical that Gold & Silver stay above this support. If support is broken, it would be a first in a decade!!!