gold and silver ... no worries, page-2

Thanks DUB, always interesting to look at information on silver presented in a new manner. I see two rising triangles on the London Silver fix chart you posted.

The April 04 - Oct 05 triangle broke out at almost exactly 2/3rds its length, as Technical Analysis says it should.

The May 06 to Mar 07 triangle appears to be at its 2/3rds point, precisely, right now.

Is it ready to break out and upwards from here?

If it does break out, and by the same order of magnitude on its breakout price in 2005, we might expect a 75% rise in today's price, taking Silver to close to $25.00, which would be nice.

Not saying this is right, but it is interesting to ponder.

If we are truly in the middle of a long term silver bull market, lasting for quite a few more years, as other commentators say we are, then we might expect a repeat of this pattern, at around the $25 level. The silver price forming this pattern as it hesitates at the $25 level, and corrects and rises a few times, thus forming the third rising triangle would be quite consistent behaviour by the silver price.

This is not expert commentary here, just a few musings in response to your posting.