-- Posted 19 February, 2004 | | Source: SilverSeek.com

We can see that since 1993, the silver in euro evolved in a canal between 4 and 5€ (if we exclude the point in 6.5€, in 1998), what makes a fork of evolution of the prices of the order of 20 %. We can say that it has been 10 years since the silver stagnates in the European currency. While between 1987 and 1993 the rate of silver knew extremes between 2.5€ and 8€ what makes a 300 % fork in the evolution of the prices. It should have a return of the volatility and a sharp increase in the silver there very soon:

1. Construction of triangles.

In the first plan, we can see that the previous triangles have all reach their objectives.
The triangle n°1, which it is built during 3 years achieved its bear objective in 1 and a half year.
The triangle n°2, which it is built in 5 years has reach its bullish objective in 6 months.
The triangle n°3, which it is built in 6 years should thus affect these objectives quickly, that is in a lapse of time included between 6 in 18 months (as a precaution) in the worst of the cases.

2. Construction of a long-term triangle.

The second plan, puts in evidence the construction of the second triangle in longer term. It builds itself for 17 years, the exit of this construction gives a minimum objective a doubling for rate of the silver in euro.

To sum up, I would say that the increase of the silver in Euro would not be any more to wait indeed for a long time. It is the moment to take position in Euro on the silver. If one calculation with one ounce of silver in 10€ it is us one ounce of silver entre11 $ and $14 there.

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