TSI editor’s note: Mr. Ayre who goes by the handle “AustroLib” at Seeking Alpha, has posted an article in which he uses technical analysis of the 50, and 200 week moving averages to hint at future higher prices for silver. He also goes back to the late 70s bull market and suggests some similarities between them.
Ayre writes, “If silver could make a 10x run from 2003 to 2011, I believe it can make another 10x run from $11 to $110, but much faster this time, to keep pace with the expanding money supply. If silver really is in a bull market, then it should go above $50, as that was the 1980 top as well, and approach the 15:1 gold to silver ratio that is closer to historic norms.
If we count by tops, silver has been in a bear market for 30 years now. I believe silver is about to finally break out, in a big way, way past all time record highs in dollar terms.”
Continue reading at: https://seekingalpha.com/article/4357702-silver-be-beginning-of-monster-move-higher