Ann: Completion of Purchase and Further Acquisition,KCN-SVL.AX, page-110

Historical Gold to Silver ratio is about 50:1. With Gold at around $USD1350 this means Silver $USD27.

When there is a run Gold to Silver ratio can compress to 35:1 or less. When there is a bear market I find that the ratio blows out to 70:1 or more.

Hoping Silver price clears $USD21 (go to $USD22.50+) as this would indicate a $USD21 base. At this stage the new base is still in the $USD18.50.

Charts show that with recent higher than normal volume in silver and with the technical barrier of $USD18.50 cleared this could be the start of a new bull market.

Of course there are going to be pullbacks along the way but I am hoping by year end Silver can crack the $USD30 (probably need gold to be at $USD1450-1500 per ounce). Lets not forget that Silver crashed from $USD48 peak to about $USD14 in about 4 years. Even if Silver is at $US30 by year end, I see this as the "recovery stage". Going from $USD14-15 to $USD30 would be a lot easier than going from $USD30 to $USD60.