His projections generally do not conflict with what I am looking for, they seem very reasonable. (I have currently targets of USD$63 soon, retracement to 40’s this summer, and then 130:ish “in a few years”)
My problem with constructing 5 wave impulse structures for Silver is that silver is a commodity/currency, and these imho do not impulse (like equities).
For the past few years we have received constant requests to provide a report on Silver. We have provided numerous reports on Gold since we feel it is money, not currency, and it has been in a bull market since 2001. Silver, on the other hand, is currency. Not fiat currency that can be mass produced with a printing press or, nowadays, just a keystroke on a FED computer. Silver has always been a means of exchange for one tangible asset or another, until the past several decades. Whether anyone still considers Silver a currency in not important.
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There you have it: first target $52 – $54 and second $63 – $67.
Looking further out into the potential 2014 bull market top we made some Fibonacci calculations for the bull market high.
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These calculations suggest a bull market high between $82 – $84 or $128 – $131.