Silver 2008 vs. Silver 2011

More evidence that silver has bottomed?
Note that both charts represent the same number of days. The similarities are eerie. Of course, there's a rather fine line between pattern recognition and ... schizophrenia :P

3 comments:

GM Jenkins said...

Alas the bottom on the 2008 chart will have come earlier, but if we do bottom in the next week or so, the similarities between these two charts merit attention. Can such synchronicity be due to chance alone? I strongly doubt it (which doesn't necessarily mean there's not some other innocent explanation).

Kid Dynamite said...

GM - you might be interested in this, re: fractals:

http://www.thereformedbroker.com/2011/12/20/fractals-and-time-frames/

GM Jenkins said...

Thanks for the link - I suspect it *is* some kind of emergent phenomenon out of chaos.