Two important collapses are taking place as the price of silver continues to surge and gold threatens its all-time high.
November 30 (King World News) – Graddhy out of Sweden: Silver has broken out above blue line and is backtesting. SILJ (Junior Silver Mining Stocks) is lagging severely.
The chart has red positive divergence, just like before the two previous huge moves back in 2016 and 2020.
Junior Silver Miners Set To Radically Outperform Silver
Now back at black line which should be big support. Roadmap chart…
Legendary investors are buying share of a company very few people know about. To find out which company CLICK HERE OR ON THE IMAGE BELOW.
Graddhy out of Sweden: Very big picture there is a massive divergence between GOLD & SILVER. Last time the two had a larger divergence like this, silver played catch-up big time. And this time, silver will break out of a 43-year+ cup and handle. So the over-shoot this time should be absolutely mega.
Silver Set To Radically Outperform Gold
King World News note: Here are two very extremely important charts and commentary from Peter Boockvar: The savings rate was 3.8% vs 3.7% in September and 4.2% in August. That is near the lowest level since 2008 so there is not much there in terms of savings cushions on the part of the consumer.
Savings Rate Collapsing…Again, Near Lowest Level Since 2008!
Bears In Hibernation
Bears are down to just 19.6, the least since January 2018 right after the corporate tax cut was passed.
Stock Market Bears Collapse To Lowest Level Since 2018!
WARNING: Time For Caution In The Stock Market
Bottom line, strictly from a contrarian sentiment perspective, it’s now time to be cautious in the short term.
ALSO JUST RELEASED: Get In Before The Public Starts Buying Silver – Headed Hundreds Of Dollars Higher CLICK HERE
ALSO JUST RELEASED: Celente – As Investors Dump dollars, Gold Prices Will Soar CLICK HERE
ALSO JUST RELEASED: Turk Says These Are The Key Levels To Watch As Gold & Silver Blastoff CLICK HERE
ALSO JUST RELEASED: BUCKLE UP: Silver & Gold Are Now In Blastoff Mode Along With The Mining Stocks! CLICK HERE
ALSO RELEASED: KEY CHARTS: Turk Says Gold, Silver And Mining Stocks Ready To Launch! CLICK HERE
ALSO RELEASED: Greyerz Just Warned The Death Of The Global Financial System Is At Hand CLICK HERE
To listen to Alasdair Macleod discuss why next week may be a huge surprise gold and silver investors around the world CLICK HERE OR ON THE. IMAGE BELOW
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