Looking at SILVER, the price is nearing the end of this triangle.
In my view, poised for a break out. Some other interesting allignments also taking place.
Fibbonnaci time, when measuring the last wave, indicates the potential reversal zone around Sept 28th.
I would consider that more of a range though. Figure sometime between End of August and early December, we could see significant action in one direction or the other.
Looking at the longer term SILVER, we also have a huge cup and handle formation between the 1979 peak and 2011 runner up, with this triangle representing the handle portion of the cup + handle.
If the price breaks $31 then I think we could see the rest occur at a fairly rapid clip.
On another interesting note, take a look at the DOLLAR to SILVER ratio on the debt clock. It's really just an illustration that's not exactly relevant but I'll just point out ti's currently at silver "at" $3000/oz. It was "just" $1200/oz back in February.
www.usdebtclock.org/
In my view, poised for a break out. Some other interesting allignments also taking place.
Fibbonnaci time, when measuring the last wave, indicates the potential reversal zone around Sept 28th.
I would consider that more of a range though. Figure sometime between End of August and early December, we could see significant action in one direction or the other.
Looking at the longer term SILVER, we also have a huge cup and handle formation between the 1979 peak and 2011 runner up, with this triangle representing the handle portion of the cup + handle.
If the price breaks $31 then I think we could see the rest occur at a fairly rapid clip.
On another interesting note, take a look at the DOLLAR to SILVER ratio on the debt clock. It's really just an illustration that's not exactly relevant but I'll just point out ti's currently at silver "at" $3000/oz. It was "just" $1200/oz back in February.
www.usdebtclock.org/
