Updated: Alf’s complete email with charts. Click here.
Click here for Alf Field’s update in silver. It is possible to have silver reach $158 in next 18 months.
Alf’s next target for gold is $4,500 and I think this silver target of $158 makes sense because that would put the gold/silver ratio just under 30. I think we could see Alf’s targets of $4,500 gold and $158 silver this year or certainly in the next 18 months. This is going to be a quick move. In Elliott terms this is the 3 of 3, which is the strongest wave.