EASTER SUNDAY NIGHT
Happy Easter Crew!
I was studying the Silver and 'Gold/Silver Ratio' charts in my cabin late last week.
The longer I looked the more bullish patterns I could see!
What I saw reminded me of this image. Take a close look at it when you are sober and you may see about 12 obscure 'images'.
(If you are not sober you may see even more)
Of course any bullish chart pattern can be 'broken' or invalidated by market manipulation -- although with silver and gold this usually just means that a 'wider' or longer-term pattern (of a 'more powerful' nature) will appear.
Silver NEVER rolls over and plays dead!!
As I have said before - silver will one day explode vertically overnight - and I believe that this event will happen in 2012. I hope anyone still waiting for a pullback is on board before then! The elite are showing us how well they can manage the metal prices, but that is partly because they are buying millions of ounces per month for themselves. They walk into the shop and pencil-in their own prices!
But once they have finished accumulating do you think they will want the price to remain so low?
And when they want it higher do you think ANYTHING could stop it from leaping upward?
The charts currently suggest that the next 'halting place' after the next move up might be (conservatively) between $52 and $58 per ounce. But don't be surprised if we shoot up to $70 or $80 later this year.
2012 will be the game changer.
There may be VERY little warning - so get your ounces today!
Weekend Spot : USD $31.65