Checking in on Silver again

Silver Update February

The Masters love it when a plan comes together. Check out how our 2012 Prediction for Silver (SLV) has panned out so far.

Back in December, we posted this chart of our prediction for Silver. The chart in black is our original from December 2011. The green chart is where the SLV is at today, with some minor adjustments to the head and shoulders pattern that we predicted.

Where is Silver going from here?According to our mapping of Silver, it should cross $36 by the end of February. At this point we expect some resistance. If we break through this resistance (and let me be clear, this is not a sure thing. No one can predict the future 100% of the time) We expect a rise to $40, and then a throw-back to the orange trend line (somewhere around $38 at that point), and then a parabolic move up to all time highs around $48.50. 2012 should be an interesting year for Silver, and the Masters are all over it having called the bottom at $26 back in December.

Our original Silver Prediction from December 29th 2011. Scroll down to see the chart today.

Silver Chart Today:

Keep an eye on March 20 and the week or two before that, for some big moves in PMs...March 20: Greece to pay a $15 billion interest payment and can't pay it, so will default...... March 20: Iran begins refusing US dollars for trading oil on its oil bourse. Gold and other currencies will be accepted. China gets 22% of its oil from Iran. Russia, India, Pakistan and Germany depend on oil from Iran, too. A US attack will not happen. This means the petrodollar is on its way out. Then the US dollar will lose world reserve currency status, sometime after that. The war mongering around Iran is posturing, and IMO there will be no attack. This is an intentional distraction, because the World Bank, IMF and BIS all want to see the collapse of the US dollar. This will help usher in UN Agenda 21 and world and regional communitarian government.

Interesting theories there. What about the Illuminati, Lizard People, and the Lemurians? Any thoughts on those?

I love a good conspiracy theory.

 

 

MARCH 1, 2012AFTER RECENT DROP IS SILVER HEADING LOWER AND DO YOU STILL THINK SILVER WILL GET ABOVE 42 AND BEYOND THIS YEAR.WE HAVE ELECTION HERE IN US AND ALSO FRANCE AND GERMANY THIS YEAR..... THE CENTRAL BANKERS AND POLICTIANS AT WORK TOGETHER...... THIS MAY HOLD GOLD AND SILVER DOWN UNTIL ELECTIONS ARE BEHIND US???????????????????? 

Silver's move up to $36-$37 came very fast. I think the selloff that came yesterday was the market digesting the large move. I did note that this area would see some strong resistance. While I wasn't expecting quite the smack-down that came yesterday, price shows that today is proving to be a great time to buy the dip. Yes I still think Silver could head above $42 this year as inflation is going crazy. However, no one can predict the future.

I saw your post on the geometric chart,prior to thisAppreciate the heads upCheers and good day !

Good Call

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