Loading ...That’s very close to my price of $120 for the next top before another major consolidation. I hope he is correct that it will be in 2017 but my charting pins down the price of the tops (but not the time they will hit), or the time of the bottoms (but not the bottom price). It seems to me “they” have specific targets for the tops but when those tops are reached they will then take the PM’s down until time is up within that cycle.
If Cliff is correct that silver hits its high next year then I expect gold to hit its high also in 2017, as well as the HUI and XAU indices…..but if that should happen I would expect a prolonged consolidation lasting until late 2022 before PM’s again head for a higher top.
My price for them is as follows:
Silver…$120
Gold….$3600
HUI…..1000
XAU…..321
All the Best from Silverngold