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<p>[QUOTE="princeofwaldo, post: 3662923, member: 24091"]Charts are great for analysis provided one takes a long enough view. In the case of gold and silver, the best hands-down being the Bullion Vault 20 year view:</p><p><br /></p><p><a href="https://www.bullionvault.com/gold-price-chart.do" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.bullionvault.com/gold-price-chart.do" rel="nofollow">https://www.bullionvault.com/gold-price-chart.do</a></p><p><br /></p><p>To even the casual observer, it was nearly impossible to miss the strong resistance in gold at $1,365 but anyone paying attention knew once it was convincingly taken out there was little resistance until $1,500.</p><p><br /></p><p>I would venture to say by that same analysis, the great resistance for silver is around $21 an ounce, and once breached there will be a steep ascent to the mid-30s before consolidating.</p><p><br /></p><p>I won't venture to guess when that might happen, could still a be a few years away. But with competitive currency devaluations in a race to the bottom, anyone thinking the next big move for metals is down is likely to be left out of the biggest rally of their lifetime.[/QUOTE]</p><p><br /></p>
[QUOTE="princeofwaldo, post: 3662923, member: 24091"]Charts are great for analysis provided one takes a long enough view. In the case of gold and silver, the best hands-down being the Bullion Vault 20 year view: [URL]https://www.bullionvault.com/gold-price-chart.do[/URL] To even the casual observer, it was nearly impossible to miss the strong resistance in gold at $1,365 but anyone paying attention knew once it was convincingly taken out there was little resistance until $1,500. I would venture to say by that same analysis, the great resistance for silver is around $21 an ounce, and once breached there will be a steep ascent to the mid-30s before consolidating. I won't venture to guess when that might happen, could still a be a few years away. But with competitive currency devaluations in a race to the bottom, anyone thinking the next big move for metals is down is likely to be left out of the biggest rally of their lifetime.[/QUOTE]
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