30 Year Cup and Handle Breakout --- Price Target 4

COMEX:SI1!   Silver Futures
241 2 2
You all know I'm obsessed with silver             .

If we repeat the run up from the 90s lows to 2011 high that would put us at $690.

This is normal action for cup and handle breakouts. It repeats the move from the low of the cup to the high of the cup, logarithmically.

Its certainly possible we go lower but I don't think we will without a bounce higher first.

At least back to $25, maybe $35.

I welcome lower prices with open arms.

11 Feb 2014
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