Being a silver bug, this subject is very personal. So I can't guarantee I'm objective doing this - but here we go.
I updated the silver chart, the previous one is less valid, still it looks very very bullish long term.
Far end of giant Fib. circle set zoomed in:
Middle point of giant Fib. circle set zoomed in:
Small Fib. circle set zoomed in:
The old silver chart is linked below.
I updated the silver chart, the previous one is less valid, still it looks very very bullish long term.
Far end of giant Fib. circle set zoomed in:
Middle point of giant Fib. circle set zoomed in:
Small Fib. circle set zoomed in:
The old silver chart is linked below.
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Maybe you like the old chart better. It's good also :) . But this new perspective show more pessimism short term (could fall to $11-$12), if all the evil brains combine their motivations and synchronize it to one common goal to crush the precious metals a bit more. At the same time precious metals is popular in china and their gold backed petro-yuan. When china buy Russian gas and oil, Russia can exchange their yuans for gold, and Russia really loves gold these last few years. So when Yuan and Ruble become gold backed western world is forced to back our currencies with something... Because with a population growing older and low birth numbers, backing the currencies with taxes aren't going to work anymore.
