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<p>[QUOTE=&quot;InfleXion, post: 1443643, member: 29012&quot;]If silver touches $26 again it will most likely be heading for $21 since $26 is now below the longterm uptrend that began in 2008. Since $26 is below that support line, the next level of support is the 2008 high.&nbsp; </p><p><br /></p><p>As Conder101 stated, the moves over the last couple years are dwarved by the moves of 1979-1980, but they are also dwarved by the moves of 2008 if you look at things on a percentage basis instead of a dollar basis. When the high was 21, the drop down to 9 was bigger than anything we&#039;ve experienced since then, and I believe that needs to happen before we will see new highs, because:&nbsp; </p><p><br /></p><p>2004: High of 9</p><p>2006: Omitted since 2008 had both a higher high and a lower low.</p><p>2008: High of 21 (133% gain from 9), then dropped back to old high of 9</p><p>2011: High of 49 (133% gain from 21), has yet to drop back down to old high of 21</p><p>Future date: I expect 114 (133% gain from 49), probably in 2014. </p><p><br /></p><p>No promises, just patterns I see.[/QUOTE]</p><p><br /></p>

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