For 10 years Pan American Silver was depreciating in terms of Silver ( under perform the metal. )
Now it's at the start of a new phase up ( will out perform the metal. )
The new phase up will last 4 years at least.
The chart above shows the gold equivalent ( in ounces ) per 1000 shares of SLW.
Wave I is impulsive, while wave II is corrective contracting triangle.
Wave II may end by Jan. - 2014 or in Fib. - 2014 at a price of 12.00 ounce of gold per 1000 share of SLW.
Wave III have projections as follow:
( ) 47.42 ounce of gold per 1000 share of SLW ( Fibonacci level 1.62...
Silver is moving in a down trend in terms of gold, it forms a corrective 5-3-5 structure.
It may reach a bottom of 12.50 grams of gold per kilogram of silver.
In the coming precious metals rally, gold may outperform silver at least in 2014.
This study is a completion to a previous study " S&P 500 Index Priced in Gold ".
To summarize, S&P 500 index is currently in the corrective wave (( II )) of a deep downtrend impulsive structure, there were two counting possibilities:
( ) An impulsive five waves up labelled 1-2-3-4-5, expected to be part of a 5-3-5 corrective structure.
( ) A corrective three...
It's long way down for S&P 500 index in real money, the index lost almost 90% of its value in terms of gold through out eleven years.
The long wave down is clearly impulsive, it says " there'll be an other wave down even more deeper than this ". I labelled this wave in red (( I )).
The second wave up that retrace the previous one is two years old, it seams...
The chart plots the gold equivalent of 100 shares of RGLD.
To the shock of the reader, RGLD was no profitable since 2003 began, it went in a long sideway channel, heck it may underperform the metal itself. For RGLD to outperform the metal, you need to buy it when 100 shares of RGLD equal 2.70 ounces of gold, and sell shares when 100 shares of RGLD become equal to...
The chart describes the uranium equivalent for each 1000 shares of KIV.
On the left of the chart, a leading diagonal,it's a bullish pattern. it can be counted as a first wave in an impulsive structure, also the leading diagonal can be counted as a first corrective wave in a larger corrective structure, either way the third wave will have long distance to go.
The...
The first structure in between vertical lines is impulsive, it may be labelled Wave (I) of a larger impulsive structure, or it may be labelled Wave (A) of a larger corrective structure.
Current sideway triangle corrective structure may end on late Jan.-2014 to early Feb. -2014, somewhere between
( 0.80 silver Ounce ) and ( 0.86 Silver Ounce ).
The sideway...
The middle wave structure bounded by two vertical lines is impulsive, it can be considered as the First Wave (I) of a larger impulsive structure, or it can be a corrective wave (A) in a larger corrective structure.
This impulsive wave starts on ( Nov.-24-2008 ) at price ( 0.24 Silver Ounce ), and ends on ( Dec.-13-2010 ) at price ( 1.40 Silver Ounce ).
The...
The leading diagonal from early 2009 ( at $ 0.029 ) to early 2011 ( at 0.928 ) forms the first wave and speaks about a bright future for KIV.
The second wave is corrective three ABC structure, the farthest end is at $0.105 ( the extreme of wave (2) of the first wave.
Wave C has three pattern labelled 1-2-3 and can extend to become 1-2-3-4-5 all bounded by the...
The correction took place this year is the first wave (i) of a five waves pattern directed downward, it's expected to end at $100 level ( wave (4) of the previous upward pattern. )
At the end of this correction, AAPL will be a valuable stock to own, a strong business with a high dividend yield.
The correction may occur in five years span, and end in 2017.
The chart show a bottom then upward move, the target of the upward move is around $4.00, this move up is corrective, we're in wave C up, wave C is most probably a five wave impulse pattern, we're in sub wave 2 of wave C
