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.
Komen
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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-$12), if all the evil brains combine their motivations and synchronize it to one common goal to crush the precious metals a bit more. At the same time precious metals is popular in china and their gold backed petro-yuan. When china buy Russian gas and oil, Russia can exchange their yuans for gold, and Russia really loves gold these last few years. So when Yuan and Ruble become gold backed western world is forced to back our currencies with something... Because with a population growing older and low birth numbers, backing the currencies with taxes aren't going to work anymore.
My silver bug soul has been crushed. I got tired of bleeding and starting shorting. If you cant beat em join em ; )
UncannyDeduction
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@mcgough_max, I understand that. They are very very good at government, from Latin 'Guverno-Mentis', which translates into 'Mind Control'.
Bytheway, money in French is "d'argent", from Latin 'Argentum', which translates into the Silver (Ag in periodic table for Argentum).
Something else that's fascinating is the word 'mortgage', from French 'morte' meaning death, translates into 'death pledge'.
Words speak the truth no matter what politicians say, we just have to look into the etymology of things! :)
Morbid33
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There is a stock that I like to watch SFMI (total crap) but it tends to move a year ahead of silver breaking out and it's interesting that is on the move very slowly under the radar. When SLV hit 50$ this stock went to .40 cents