The support on this wedge is higher than the support on the previous wedge, so most likely, it is going to be a breakout. Notice the slope on the resistance lines for each successive wedge also is progressively getting less steep.

Will bump this when proven correct.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511223)

What is the value of such a prediction? Are there silver volatility indexes?

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511230)

-Yes

What is the value of such a prediction? Are there silver volatility indexes?

-You can make money if you buy silver mining stocks. I suggest SILJ for the safest approach.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511247)

A breakout is far more likely than a breakdown at this point according to the chart pattern, as I explained in the OP, and also, from a fundamental perspective, prices can't get much lower since the profit margins on mining companies is so low, that if prices were to fall from here, we'd see a supply deficit, since miners will shut down. We also have a very low reserve of above ground silver. Do your due diligence.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511310)

Why give tips and then end like this?

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511331)

All in cash costs for Gold are like $800 and $1200 for Platinum, I don't know Silver's but it is a supply and demand kind of scenario with Silver and PT metals due to their depletion in industrial activities.

Gold is depleted by industry in a much more limited manner. I'm bullish on Gold but I think holding a mix of Gold/Silver equities and physical Silver to swap into gold makes a LOT of sense as a hedge against any inflationary issues.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532101)

I’ve been in gold and silver for 4 years with terrible results but I’ve been long only.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532055)

Gonna buy some 100oz bars as well soon to add to my stock pile and will probably swap into gold when the GSR gets to 1:50

Also been looking at Platinum group metals - I think that the rise in some more exotic PT group metals over the past 6 months presages inflation.

Also into some resource streaming stocks to get market exposure

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532078)

Is this really all "technical analysis" is? Not looking at any particular reason the demand for silver will increase or decrease?

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532099)

The South Africa issue is also big because of how much precious metals the country produces.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532105)

Look at some streaming stocks (companies like RGLD, FNV, etc) - where they get paid in ounces of gold/silver and therefore they get leverage to rising prices. I think it is a creative method/hedge in order to get exposure to metal prices but also dollar denominated capital appreciation.

I also think owning physical silver to swap into gold is good because you can find dudes who would lend $$$ on gold. Nothing wrong with getting a few hundred ounces of silver to sell for dollars or trade into gold when the GSR ratio compresses - especially since you can get loans on Gold and not have to sell it (i.e use it as a tool to buy income producing stuff)

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532117)

Trust me - it wont be hard to find someone to make that kind of loan.

(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35550217)