TYHEE GOLD CORP

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Message: silver

silver

posted on Apr 14, 2010 12:21PM

Not much TA on here lately, so I thought I'd throw out a bullish scenario for silver- maybe puzzle or others can chime in here as well. If we take out the high for silver, which is about $1 higher from here, a bullish wave interpretation could see the metal trade much higher. An average move would be 1.168 x the length of the first wave, which was around $11, targeting around $25. It also would not be unusual for this wave to move 2.168 x the first wave, targeting around $38.

I'm not mentioning gold here because even though it's bullish as well, the count is not as clear. Regardless, this strong a move for the metals would be bullish for Tyhee.

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