VHF;

That's a great chart of the first 3/4 of the "bubble" imo...but totally disagree with the last 1/4.

1. With the US and world currency expansion. No way silver is going back to $5.00!

2. There is no more silver in warehouses to overload the supply side of the equation as there was in 1981 to depress the market back to gold:silver ratio of 80:1

3. As Sinclair makes clear on his site today, if currency becomes re-backed by gold, then gold will not fall wrt currency. Silver might regress wrt gold, but only if it reaches ratios way lower than the historic 16:1 ratio (inverse to natural occurance in the ground)...therefore the chart may have a little bit of a decline from the top say 25%, but not as shown.

4. Mother nature isn't making silver anymore, and it is one of the technological "miracle metals" of the century. Like oil, it is "running out", and there will continue to be more and more of a demand for the remaining ounces from here on out, unless there is a HUGE population reduction. Think Hubbert's peak for silver...and ALL natural resources.

jmho,

lotus petals,

gildage