Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.
Silver's overall trend, revealed by trends of price, leverage, and time, defined and are discussed in the The Matrix.
Subscriber Comments
The Canadian dollar's rally, a process that's transitioning the majority from bearish to bullish, could very well be pushed to limits in 2017. Breakdown gaps from 82.59 to 82.62 and 83.50 to 83.70 formed on heavy volume in January 2015 represent the limit of the rally. A high volume weekly close above these gaps reverses the trend from cause building to mark up (new bull market).
Chart1
The loonies aligned up impulse has produced a current, maximum, and minimum annualized return profile of 34%, 90%, and 0%, respectively. BuS, a normalized Z scored that has climbed above 0, defines the growing restraint of TIME on the (countertrend) rally for subscribers. Only PIG will be holding the loonie when TIME expires.