Michael Oliver says silver to 50$ very quicklyTake this prediction with a grain of salt but this guy has been right most of the time and so I take what he says very seriously... He uses momentum analysis to predict the direction of a particular sector. .
The ratio of silver stocks (SILJ) to silver that occured in 2016 when silver price surged 53% in a 7 month time frame was for every 1% gain in silver price, the SILJ advanced a whopping 7.35% ...
Now if this ratio repeats itself exactly like in 2016 , then the silver stocks will skyrocket a whopping 16.17X...
So if silver hits 50$ that is a 2.2x gain for silver ...2.2 X 7.35 = 16.17
I am not so sure the silver stocks are going to go up 16.17 times on average in the next few months but if silver does go up 2.2X , the silver stocks will for sure explode but by how much ? Nobody knows for sure. .We'll have to see what actually transpires...
I could be totally wrong on all this ...but if silver goes much higher it is almost 100% certain that a stock like AAG will excel...
.195 X 16.17 = 3.15 /share....Share price of AAG will hit 3.15 if everything I stated comes true...