To Da Moon ?
Stepping back and looking at the bigger picture for silver, it seems clear we’ve been getting so used to prices sub-$20, it’s coloured our view of the future. As I always say, just listen to what the chart is telling us. This chart is shouting at us through it’s public address system – it’s saying $50-$60 first, then a long (2 years ?) consolidating with a drop of at least 30%. After all that, buckle up for the ride of your life. We’re going ‘to da moon’.
Ok, so I’m being over-dramatic, but that’s basically what the chart is suggesting, crazy as it sounds. Something not good happens next year to cause the huge drop. Something very not good happens after 2023 to give us that moon-shot.
Hold your silver tight!
David Morgan said on USA Watchdog that 50$ silver in 1980 equals 600$ today.
Target seems to be conservative.
Francis Hunt recently calculated price with inflation adjusted numbers and even made the case of 4 digits silver !!
One for sure: it will be a helluva ride !!