Consider the following weekly charts on Silver and Copper.
Notice that the Silver 20 week MA crossed the 40 week MA in October 2008 at the beginning of the last financial crisis.
Today, the Silver 20 week MA crossed the 40 week MA again.
Copper's weekly 20 week MA crossed the 40 week MA at the beginning of August.
It appears to be ready to cross the 75 week MA within a few days.
Based on these two commodity indicators, and the present Greek & European debt crisis, my view is we are about to see a repeat of autumn 2008 in the markets.
Today, the Silver 20 week MA crossed the 40 week MA again.
Copper's weekly 20 week MA crossed the 40 week MA at the beginning of August.
It appears to be ready to cross the 75 week MA within a few days.
Based on these two commodity indicators, and the present Greek & European debt crisis, my view is we are about to see a repeat of autumn 2008 in the markets.
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