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The Key Reason Why Silver Is Almost Certainly Going To Successfully Pass $150!
There's also an indication that this move isn't over but. If the two patterns indicated continue their similarity, it could be reasonable to anticipate the final leading of the present pattern to greater than $150. Why? Read more...
Right here, we would prefer to point out some fascinating signals on the long-term chart for silver. Beneath, is really a long-term chart for silver. On the chart, we have highlighted two fractals (or patterns), marked 1 to 4, which seem comparable. What tends to make these two fractals so unique will be the similarity of the circumstances in which they exist. Go here now to http://www.silver-
There was a substantial peak in the Dow (1973 and 2007) in between point 1 and 2 of each fractal. Each peaks in the Dow came about 7 years following the peak in the Dow/Gold ratio. Following point 2, on each fractal, the oil price produced a substantial peak (1974 and 2008), about 8 years following the peak in the Dow/Gold ratio.
Due to this similarity in events, as well as the similarity in sequence, I was in a position to determine the fantastic possibility for considerably greater silver prices, back in October of 2010. This was a very clear signal that greater silver prices had been coming, and that's precisely what we got, when silver moved to $49. Nevertheless, this run isn't over but. The move from $17, when silver broke out of the triangle (at point 3 of the second fractal) to $49 was just the first component of the move. In my opinion, the greatest and best component of this move is nonetheless ahead. In numerous prior articles on silver, I have presented a lot of evidence to support my opinion for greater silver prices over the coming years. Visit http://www.silver-
According to the fractals on the chart, we could nonetheless have about two years prior to we could get a leading like we had in 1980. That's 14 years following the Dow/Gold ratio leading (starting of 1966 to the starting of1980 vs. the finish of 1999 to the finish 2013).
From a price point of view, there's also an indication that this move isn't over but. If the two patterns indicated continue their similarity, it could be reasonable to anticipate the final leading of the present pattern to greater than $150. Why? In the event you measure the price movement from point 1 to point 2, in the first pattern, and compare it to the price movement from point 4 to 5, in the first pattern, you'll find that the movement from point 4 to 5 is a minimum of 7.6 occasions bigger.
Presently, the movement from 4 to the $49 in April of 2011 is only about 1.65 occasions bigger than the movement from point 1 to 2. If it follows the first pattern, and grows a minimum of 7.6 occasions higher, it'll comfortably pass $150. Now is a superb time to purchase silver, as well as purchase gold for the investment portfolio. Go here now to http://silver-
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