BTW...that 64 day Nichols fractal growth pattern projects gold to at least $US spot $1420 by Oct. 26. Can you imagine what silver might be trading at if that occurs!
At a G/S ratio of 60/1, that makes silver about $23.70. It touched $23.63 tonight, before backing off. The question becomes, what will the ratio be when TSHTF. I would like to see $30 - that would sock it to the cartel and our shorters. I wonder how much our shorters can stand when the cartel says enough to the current strategy, lets make some money the other way by honest buying, instead of by illegal short selling.
I think that to a certain extent the price of silver doesn't matter, it is what the would be purchasers of ECU are thinking. They need to believe, like most on this board, that ECU represents real value for money, and an opportunity to make it. As I said last weekend, all investers in ECU have one objective, and that is to make money, whether it is 3 cents per day trade, or $$$s in the next couple of months or years.