Monday, July 15, 2013

Reflationary Road

As expected, silver has taken its time in building out a foundation. However, once completed and as described by the historic momentum patterns shown below in copper, we expect silver to turn up another reflationary road towards its previous May 2011 highs. 

Assuming silver's historic leading relationship with gold - and by extension inflation expectations; participants current concerns with lack of inflation may be fleeting. 

Click to enlarge images