September 11, 2009
– Comments (17)
How about when compared to silver?
I guess this refutes the idea that the market fall was not as bad as the Great Depression since we were on the gold standard then
Why is the the left hand side of the cart (I believe this is the X axis) not consistent in it's spacing?
From 25 to 5 the spacing gets larger and larger and it "makes" the appearance of a sharper drop.
Breakout looks convincing. Nice consolidation over the past week or so. Upside of 1200 - 1300 looks in the bag. Or will we see higher on this run?
$1,250 is my next intermediate target, but we must first clear the previous high of $1,034 ... which would prove to have some significant resistance.
oops: "could" prove...
Thanks for the lesson :)
Actually, if the vertical axis markers were spaced linearly then the drop would look much more severe. Think about it. As someone else posted it is a logarithmic chart, but I'm thinking it is more likely to be somewhere between logarithmic and linear. They were just trying to end up with something that appeared pleasing to the eye and didn't look too extreme.
That is incorrect. It is a straight-up logarithmic chart.
So what does the longer term chart look like?
This is outdated ... running just until 2001 I think, but here is the long-term trend.
The graph doesn't take dividends into consideration. Though gold still outperformed during that time span.
Thanks. These are very interesting charts to look at.
I could see the resistance at 1030-1040 causing a retest of the 930-940 level at some point, maybe in October.. and then a breakthrough to 1100-1150 by the end of the year.
Silver has been moving a lot more these days, I should've picked up some Great Panther Resources along with the IMPACT silver shares.
Your near-term price projections sound reasonable, but at this stage I don't advocate getting too fancy playing such expectations ...
It's not too late for GPRLF nor ISVLF. :) I'm still in the red on both but totally unconcerned.
Hopefully you bought more at the low prices we have seen over the past few months. I picked up some CVE:IPT over the TSE:GPR shares about a month ago. I am trying to decide between Endeavour Silver TSE:EDR and Great Panther TSE:GPR now since I already have First Majestic TSE:FR and Fortuna Silver CVE:FVI.
I know Exeter Resource CVE:XRC is currently working on upgrading the Caspiche project and considering the location between the Refugio mine (Kinross) and the giant Cerro Casale gold deposit (Barrick and Kinross) do you think one of the bigger miners will step in as a partner?