Next Bull Wave Cycle to Take Silver to $91 in 2013?
[youtube=http://www.youtube.com/watch?v=tZsc4N_a60g]
- Next Bull Wave Cycle to Take Silver to $91 in 2013?
by http://www.silverdoctors.com/
Equity Management Academy’s Steve Roy has released his silver forecast for 2013. While many precious investors are panicking and throwing in the towel in the aftermath of the month long capping in gold and silver after QE4, Roy is predicting a massive year for silver in 2013.
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Roy states that silver completed the 4th wave of it’s correction and placed a bottom in June 2012 and that silver’s next up wave will take the metal to $91 in 2013:
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This cycle terminated in July of 2012, and the low was in June. Note that the 1.618 extension of the Wave 3 move is $91.98; eerily close to the $91.49 price that we got earlier from the monthly chart. This indicates to me that the rally from the low in June, and subsequent completion of the ABC correction of that wave sets us up for the next impulse wave higher. Based on my analysis, I think silver will go above $90.00 in 2013, on its way to much higher prices later on.”
– - Silver’s 2 Year Consolidation Cycle Before Next Bull Move!
by http://www.silverdoctors.com/
…. Regarding silver’s 2 year consolidation…this is nothing new in silver’s bull market. Check out a 13 year chart of silver’s bull market below:
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Early in it’s bull run, silver peaked in Q1 2004, and didnt surpass that peak until Q1 2006. Silver then peaked in April-March 2006, and didn’t break out again until Jan 2008. Silver then peaked in March 2008 with the Bear Stearns collapse, and didn’t break out to new highs until August 2010. Silver then peaked in May 2011. That puts the window for the next break out around March-September of 2013 based on what we’ve seen previously in the bull market.
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As much as silver investors might like it to be, this isn’t about beating the banksters. The bullion banks will profit the most in this gold and silver bull market, not small retail investors. Not only are they manipulating the market to their advantage, but they are professionals. They will go massively to the buy side precisely when small/retail investors are throwing in the towel from lack of action to the upside, and fear of collapse.
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This is not about beating the banksters, this is about preserving your wealth from the devaluation of the US dollar. It’s important to take a step back and look at the forest. Would you rather have a $20 fiat note from 1930, or a $20 gold double eagle/$20 in silver coins? The devaluation of the currency will accelerate as we near the end game. Secular bull markets end in massive blow-off tops. They do not end after 24 month consolidations. Less than 1% of US investors have even considered the gold and silver markets. We are still far from a manic top. Hope this helps, and all the best in 2013.