123Tom's TA study group

[123tom]

Spot Silver target to end 2017....


I have envisioned silver,gold and miners bottoming at year end for 2017, like the last 3 years have done. Ever since the Peak in February it looked like it was set up to make lower highs and lower lows to craft that downwave pattern to end the year.
So far, silver has moved in that way, while gold has held up a little better. Miners have headed into that year end downwave but ,slower than I expected. I forecasted GDXJ to finish the year and bottom around 27-25-23 area. I expected to see Gold end the year around 1200-1180 area. and Silver year end around 16.00-15.50 area.

Now I expect to see silver make its bottom at 15, and it might stretch the bottoming zone into 2018,to include the whole 1st Q.

Right now, as silver falls down the target looks like 16, which is a big target. but the Fibonacci geometric chart is showing 15 as the finished target zone. and either at year end, or maybe March 2018 time frame. The last capping at 17.50, and soon at 17 area should propel the next leg of the downwave.

The geometric and Fibonacci Precision of the trading math tracks in 2017 has been remarkable. and the finished target looks to me like 15 for spot silver. and the time frame is Late December 2017 to late March 2018 .

I started this exercise by studying the whole spot silver chart from 2010 to the present. The Extraordinary collapse since the peak in 2011, the extreme rigged engineered collapse in 2013, the continued smash downs thru 2013,2014 and 2015 to the bottom in January 2016. the rally in early 2016 followed by the collapse again in late 2016,collapse in 2017, and now the weak bounce in 2017 that is heading down again to end the year looking at 16 and then 15 as 2018 begins and finishes the downwave in the first quarter.

What struck me most in drawing the Fibonacci chart is how precise the target points were hit,and shaped the pattern along the way .Like seeing the schematic of a train track system, you can see where this pattern finishes next....at 15 dollars in the first quarter 2018. maybe in late December, but maybe in early 2018.
Since the peak in 2011, this has been an Extraordinary smash down game controlled by the Powers able to do this. and it continues still.
and as usual, the analysts are still screaming about silver as the greatest investment to own, and how it will go blasting up to 600 dollars and be better than gold, and on and on. Maybe it will some day. but this chart shows the pattern that has been crafted so far by the Powers pushing it down, and keeping it suppressed. I will bet as I did in 2017, that their suppression game is not finished yet. 15 (and I suppose 16),are buy targets, but especially 15 silver .
Fibonacci silver chart