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SILVER=Doin the Fibs-should result in a C or C/D/E price advance over the next few months

Posted by Richard640 @ 13:42 on June 1, 2019  

Our proprietary Fibonacci price modeling system is suggesting that Silver has setup an ABC bottom in Oct/Nov 2018 and has already initiated an A/B upside price leg that should result in a C or C/D/E price advance over the next few months.  Our Fibonacci price modeling system is suggesting an upside price target of $22 per ounce for this move, which breaks the previous July 2016 highs of $21.22.  We believe the ultimate upside target of this next bullish move is bear $28 to $29 based on longer term Fibonacci price modeling.

 

The October/December 2018 lows were, most likely, the lowest price levels we will see going forward.  Additionally, the current price levels, below $15 per ounce, may be the last time we’ll have the opportunity to see prices this low in a number of years.  Our price modeling is suggesting that Silver and Gold will begin a Momentum Base Rally from these lows that may last many years.

https://www.silver-phoenix500.com/article/silver-sets-long-term-wave-b-bottom

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.