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“The $233 peak would be the high at minor wave (3) of Major Wave Three. If the long-standing ratio of silver to gold of 16:1 had been in place at gold’s last high of $1,923.70, silver would have already traded at $120.23. Based on that number it would take less than a double (from $123) to get to the target of roughly $233.
The 3, 5, 8, times the triangle lows and the minor wave (3) of Major Wave Three high of $233.00 for silver actually sounds reasonable. KWN readers need to remember that the way the finances of this world we live in are being run, $233.00 for an ounce of silver may prove in time to be a buy.
The angle of rise for silver’s Major Wave One was 18 degrees. Major Wave Three began in December 2008. The angle of rise for Major Wave Three is 33 degrees. The LTD (Long-Term Delta) # 4 high is due to arrive in February 2014. If silver touches the upper trend line at that time, which would be a normal occurrence, the price will in fact be approximately $233.00 an ounce. Keep in mind that the upper trend line at a 33 degree angle was touched once and would normally be touched on two more occasions before a serious correction occurs.
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Eric King
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Rosen - Expect Stunning $233 For Silver As It Begins To Soar
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