The U.S. Dollar recently corrected upward but now appears ready to continue its move downward and this should light a fire under the price of Silver and see it undergo a 30-day run to around $38 per troy ounce as illustrated in the chart below.
Conclusion
There is a regular cycle for Silver to rise that starts now and extends until August 11th. The last time that Silver entered that cycle was last year when Silver went from $18 to $30.If we have a similar run this time round we could see Silver go up to around $38. Such a move in Silver would have a similar effect on the price of Gold which will be addressed “as the Dollar falls.”The above is a revised version of an article submitted to munKNEE.com by Goldrunner. Below are links to his other recent – and still timely, articles:
LorimerWilson is editor of www.munKNEE.com (Your Key to Making Money!), publisher of a daily FREE Financial Intelligence Report which can be subscribed to here anda frequent guest contributor to www.PreciousMetalsWarrants.com whichalso offers a FREE newsletter(sign up here) and a subscription service (see details here).
Disclaimer:Please understand that the above is just the opinion of a small fish in a largesea. None of the above is intended asinvestment advice, but merely an opinion of the potential of what mightbe. Simply put:
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