Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults / Commodities / Gold & Silver 2024

Over the last 125 years, the silver charthas formed two remarkable, similar patterns. The chart below shows a yearlysilver chart (only closing values):

                       
It is amazing how the 49-year pattern from1919 to 1968 has a similar form to the one that started circa 1980. Here, Ihave pointed out their similarity as it relates to time. There may be roundingdifferences due to the yearly closing balances.

The first cup started at the 1919 peak, andit took about 13 years to get to the bottom (1932), whereas it took about 21years to get to the secondary bottom in 1940. In a similar manner, the secondcup started at the 1980 peak, and it also took about 13 years to get to the1992 bottom and about 21 years to get to the secondary bottom in 2000.

It took about 24 years from the secondarybottom in 1940 to the break out of the cup in 1963. About 24 years have passedsince the secondary bottom in 2000. So, this year is likely the breakout year,provided the pattern stays true to the original one.

Furthermore, provided that the currentpattern stays true to the original one, silver could make a possible top around2028.

It is interesting to note that from the peakin 1919 to the interim peak in 1967, it is about 49 years, which is the numberof years before a jubilee occurs. Is this just a coincidence, or could2028/2029 be a year of jubilee?

If somehow this is the case, then it islikely that we might see a slew of sovereign debt defaults by that time (or alittle after), including that of the US. Even if this is just a coincidence,there is a strong indication that we are now in a period where significant debt defaults may occur.

For more of this kind ofanalysis, I have a Premium Service as well as a  Silver Fractal Analysis Reportthat provides more insight regarding the gold and silver markets.

Warm regards,

Hubert

“And it shall come to pass, that whosoevershall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

© 2024 Copyright Hubert Moolman - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.