Thursday , 23 November 2017


Silver Alert! Are These Patterns Suggesting Another 100% Rally Is Coming Soon?

For the first time in 2013, Silver and the Gold/Silver ratio are breaking above their10 Ounce Silver Bullion Bars falling resistance lines and that’s a positive for Silver. The last time the Gold/Silver ratio broke resistance in 2010, Silver rallied well over 100% in a matter of months. Are the patterns suggesting another 100% rally in Silver?

The above are edited comments by Chris Kimble (blog.kimblechartingsolutions.com) from his original article* entitled Silver breaks above key resistance, smart money traders are long here!

[The following article is presented by  Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the FREE Market Intelligence Report newsletter (sample hereregister here) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Kimble presents the following charts in support of his post:

Silver (SLV ETF)

CLICK ON CHART TO ENLARGE

Gold/Silver Ratio

CLICK ON CHART TO ENLARGE

Members are long Silver due to this Power of the Pattern set up, with specific stops in place.

[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]

*http://blog.kimblechartingsolutions.com/2013/10/silver-breaks-above-key-resistance-smart-money-traders-are-long-here/

Related Articles:

 1. Noonan: Charts are Infallible! Here’s Why & What They’re Saying About Gold & Silver

Some of the finest and most highly regarded minds in the world of PMs have been saying gold and silver are going higher…[but] the charts have “said” otherwise, and that has been the correct read…The fundamentals may be as bullish as can be [but] the charts are sending a different message.  Read More »

2. Gold:Silver Ratio Suggests Much Higher Future Price for Silver – MUCH Higher!

The majority of analysts maintain that gold will reach a parabolic peak price somewhere in excess of $5,000 per troy ounce in the next few years. Given the fact that the historical movement of silver is 90 – 95% correlated with that of gold suggests that a much higher price for silver can also be anticipated. Couple that with the fact that silver is currently greatly undervalued relative to its average long-term historical relationship with gold and it is realistic to expect that silver will eventually escalate dramatically in price. How much? This article applies the historical gold:silver ratios to come up with a range of prices based on specific price levels for gold being reached. Words: 691 Read More »

 3. These Sites Are the  BEST Places to Buy Gold & Silver Online – Here’s Why

You have no doubt read countless articles on the price of gold costing “x dollars per ounce”, own a gold ring or some other piece of  gold jewellery and/or wear or have bought/plan to buy a diamond ring but do you really understand exactly what you are buying? What’s the difference between 1 troy ounce of gold and 1 (regular) ounce? What’s the difference between 18 and 10 karat gold? What’s the difference between a .75 and a 1.0 carat diamond? Let me explain. Words: 1102 Read More »

One comment

  1. Yes, I’m one of those that thinks that Silver will do better than Gold in the next 12 months, since it is easier to acquire (cost wise) and does not have all the Baggage that owning Gold has.

    I also believe that Gold will be treated more restrictively by Governments than Silver in the future, while gives those with Silver some extra breathing room to then shift with the times.

    Note Dr. Nu Yu’s great Chart in his latest Market Weekly Update, it will not take much for Silver to break out:
    http://marketweeklyupdate.com/2013/11/03/11032013-market-update/