Not exactly the point of his post but it jumps out at you.
I've mentioned some of our computer runs that put silver in the $15-18 range should China have a hard landing.
From Market Anthropology:
Return To "Normalcy"
I like to remind myself every now and then why the analogy has worked so well between silver and the Nasdaq market - circa 2000 and now 2001. It's not just the charts that have great similarities - it's the overarching psychology of the boom and bust cycle and the ratio contrasts to their larger sibling (gold & SPX) markets that has provided a long-term roadmap with considerable correlations. And while the charts certainly represent that emotionality in characteristics such as the parabolic tops, you can find other sentiment and behavioral comparatives in the charts....MORE