Interview with Louise Yamada former Managing Director and Head of Technical Research for Smith Barney. Louise Yamada was a perennial leader in the Institutional Investor poll, and was the top-ranked market technician in 2001, 2002, 2003 and 2004, before going independent.
When asked about silver Louise remarked,
“Silver has 60% industrial usage, but because there are still the monetary concerns out there, silver represents a less expensive alternative to owning gold.
I think that silver has lifted out of a 30 year base and the whole concept of the longer the consolidation, the greater potential upside. Silver is clearly in a structural bull market.
The point and figure calculations off of this base are $40, $45, $60, $75 and $80 over months to years.”
Full article here: KingWorldNews