SVL 2.02% 9.7¢ silver mines limited

Ann: Silver Mines Presentation August 2017, page-22

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  1. 2,125 Posts.
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    It is called the cup and handle pattern. Actually this pattern is very deceptive in the sense that the line joining the two peaks has to be almost horizontal , to give the full thrust. Fortunately silver in both 1980 and 2011 hit the very same peak USD 50 and so the line connecting them is perfectly horizontal. We had the cup formed from the time 1980 to 2011 and now the handle is being formed from 2011 peak onward. The move to USD 50 will take may be three to four years or even more from here ( we should not predict exact time frame as I said ) . But when it crosses the old peak USD 50 , the pattern demands that the move upwards will be just vertical and the rise to USD 100 will come very very fast.
 
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