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<p>[QUOTE=&quot;InfleXion, post: 1374114, member: 29012&quot;]I think silver has further downside, in part because of charts, but also because of the margin drop this week which did not cause the price to rise whatsoever. However, based on trend analysis I put a high probability that after the next leg down we will start a new steeper uptrend.</p><p><br /></p><p>[ATTACH]162388.vB[/ATTACH]</p><p><br /></p><p>By looking at the two different trend lines in green I have drawn a comparison between the span from 2004 to 2008 and the span from 2008 to 2012. </p><p><br /></p><p>The areas encircled in red show a trend channel being formed and hugged near the base. </p><p><br /></p><p>The areas encircled in blue show a break out from that trend baseline and an apparent return to it. The first time that happened it created a new steeper trend, and if they are to have relation with each other then I forsee the current price dropping down to the recent green line trend, and then starting an even higher upward trend BASELINE afterward as shown in yellow.</p><p><br /></p><p>I make no guarantees and I could very well be wrong. This is just what I see.[/QUOTE]</p><p><br /></p>

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