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<p>[QUOTE=&quot;NorthKorea, post: 1587156, member: 29643&quot;]Here&#039;s a graph:[ATTACH]220549.vB[/ATTACH]</p><p><br /></p><p><a href="http://www.kitco.com/LFgif/au00-pres.gif" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/LFgif/au00-pres.gif" rel="nofollow">http://www.kitco.com/LFgif/au00-pres.gif</a></p><p><br /></p><p>I included the link to see it for yourselves. If you know anything about chart analysis, you&#039;d realize that 66% completion in a bubble environment would equate to around 30% of the peak value. Oh, and I meant 2006, not 2005. That was a typo. Since 2006, the lateral length of &quot;tops&quot; has widened: Apr-Oct 2006, Mar-Nov 2008, Aug 2011-?. We haven&#039;t broken free of the most recent technical top. Also, the parabolic growth was essentially vertical from Jul-Aug 2011. I will call that the top on gold, period.</p><p><br /></p><p>For silver, here is the graph: [ATTACH]220550.vB[/ATTACH]</p><p><br /></p><p><a href="http://www.kitco.com/LFgif/ag00-pres.gif" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/LFgif/ag00-pres.gif" rel="nofollow">http://www.kitco.com/LFgif/ag00-pres.gif</a></p><p><br /></p><p>You&#039;ll notice that silver wasn&#039;t as parabolic as gold, so it&#039;s possible that silver will continue to run. I doubt it. The demand for silver isn&#039;t high enough to consume the supply.</p><p><br /></p><p>As for the 80s and the Hunt brothers, again, context to history. In the 70s, Nelson Bunker Hunt and William Herbert Hunt attempted to corner the silver market. Nelson Hunt filed for bankruptcy in 1988 and was banned from trading on the commodities market for his role in manipulating the silver price. As I said, historical context. It matters.</p><p><br /></p><p>Lastly, as DG pointed out, solar, which was one of the reasons for the silver run from $17-$35, has changed composition. Thin film will eventually overcome efficiency issues, and the demand for silver will be, essentially, nil.</p><p><br /></p><p>As for your closing argument, you&#039;re right, it doesn&#039;t need runaway industrial use to achieve a higher price: It needs market manipulation.[/QUOTE]</p><p><br /></p>

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