A slow afternoon, and have been studying past bubbles manias and spikes. Oil went from 10 bucks t0 150 over say 8 year period. I raising my target on silver for next year( won't get into details) to anywhere between $50 to $87 bucks an ounce. The masses have sold their precious metals for fiat currency and the rich have 0 intention of selling their precious metals.
would anyone care to throw a ballpark number on where they would see our ECU shares be with an average silver price of say $55 for next year(40 in winter and 70's 80's in fall). My target next year is around $13/share
With Earnings coming out next week I think that will be the final dagger on ECU's price suppression.
Have a good weekend
Novacane