SLV Bull Season - USD is WEAK
This chart illustrates the classic principle of "store-of-value". As the Fed has initiated unprecedented QE, the strength of the dollar has inevitably plummeted, inflating the value of precious metals and other stores of value. Now is a critical moment for this chart, as we can clearly see the dollar in a descending channel, with SLV (and GLD) rising steadily. If the government can manage to bounce the dollar, SLV will tumble, but I think we can anticipate steady growth over the next two months.
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