The silver cycle model continues to indicate lower prices for silver going into the end of the last quarter of 2013. I do not want to speculate on the reasons why the gold and silver cycle models are divergent in the 2014-2015 time frame. They are constructed and computed independently of each other. On the other hand, they have both been convergent in the short term, suggesting that going forward, if one of the models is "wrong" this should emerge as a major divergence with predicted price as we move into first quarter 2014.
2 comments:
I agree entirely.
I'm seeking SLV 17s before year end..so, that'd equate to spot silver low 18s.
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No doubt, the Gold/silver bugs will be in a real bad mood by the end of the week.
Have a good week!
Thanks Permabear. I also suspect, based on the short-term trade models, that the next two weeks will provide plenty of interesting market action, not only in the metals!
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