Silver and Gold have made some decisive moves of late. It must be emphasized that the long-term trend in silver and gold is up. I believe we are now witnessing a silver Bull Market and a gold bull market. Despite the fact I have preferred the long side of silver over the long side of gold, I have grossly underestimated the power of this silver trend. Thus, a reappraisal of the silver chart is in order.
The advance on June 29 met the target of 18.52 established by the Apr 12 completion of an 8-month H&S bottom. As a result, Factor is now flat in silver. This trade ended up as a profit, thus establishing silver as a qualified member of the 2016 Best Dressed List and a Bottom-Line trade for Factor.
