Silver Stocker

Main Forums => Silver - General Discussion => Topic started by: edthelorax on January 08, 2019, 11:34:10 PM

Title: 2019 The Year silver shines
Post by: edthelorax on January 08, 2019, 11:34:10 PM
I was given permission to share this chart by my friend  @pbartashevich  from tradingview.
I figure it is a Good one to start a new thread for.
(https://www.tradingview.com/x/fvDK2cIp/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on January 14, 2019, 01:37:59 PM
Bull pennant.
(https://www.tradingview.com/x/aIfvGOC0/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on January 18, 2019, 10:58:58 AM
When I posted that pennant above, the way my marking pole went through the orange downtrend line bothered me.
This makes more sense, a flag with the same marking pole. The marker starts at the bottom of the flag.
(https://www.tradingview.com/x/DDBue6ra/)
Title: Re: 2019 The Year silver shines
Post by: ken on January 18, 2019, 11:52:04 AM
Got a gold chart? Looking at it and I see 1238 or so as an area for a rebound barring any political turmoil which we may get with this Brexit Monday the 21st. Markets closed yes, but Tuesday will be interesting.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on January 22, 2019, 11:03:44 PM
(https://www.tradingview.com/x/M6iA23cN/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on January 25, 2019, 01:03:11 PM
(https://www.tradingview.com/x/A0PG9c41/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on February 04, 2019, 12:11:01 PM
(https://www.tradingview.com/x/FC7vV4L3/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on February 04, 2019, 08:21:15 PM
I can not find the article again to link, but a blogger stated over the last weekend that gold should have a minor pull back to around $1280 to $1290 over the next 30 to 45 days, then have a major leg up to around $1450. I am guessing that jives with your chart Ed, but not sure I am making a correct interpretation.
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on February 05, 2019, 09:27:47 AM
I can not find the article again to link, but a blogger stated over the last weekend that gold should have a minor pull back to around $1280 to $1290 over the next 30 to 45 days, then have a major leg up to around $1450. I am guessing that jives with your chart Ed, but not sure I am making a correct interpretation.

This is not the link I could not fin, but it is another blogger predicting a brief pull back


(https://gracelandjuniors.com/wordpress/wp-content/uploads/2019/02/2019feb5gold1.png)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on February 08, 2019, 01:34:15 PM
I can not find the article again to link, but a blogger stated over the last weekend that gold should have a minor pull back to around $1280 to $1290 over the next 30 to 45 days, then have a major leg up to around $1450. I am guessing that jives with your chart Ed, but not sure I am making a correct interpretation.
Dave, often I don't have an interpretation of my own charts. That is why I just post a chart without commenting so many times.
Sometimes I can find lines of potential support/resistance but don't want to project my hopes and desires into someone else's trade.
This one has that 1450 you mentioned, but who knows if we get that pull-back or not. That leg you mentioned could happen as fast as within the next 5 months. We should be talking gold on that board, just for the benefit of any visitors.
(https://www.tradingview.com/x/ZnJbsWcT/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on February 11, 2019, 10:57:13 PM
the 50DMA crosses the 200DMA. A Golden Cross. As long as it stays above the 200DMA it's going higher.
(https://www.tradingview.com/x/ZjciwFGC/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on February 17, 2019, 09:30:21 PM
(https://www.tradingview.com/x/RIlwd0Fw/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on February 18, 2019, 08:56:28 PM
(https://www.tradingview.com/x/gbE1Q25Y/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on February 22, 2019, 09:47:04 AM
Ed's chart above shows the rapidly improving silver situation wrt 50 and 200 day moving averages. The chart below shows recent horizontal support holding and horizontal resistance about to be challenged. The up sloping support line is very steep and likely will be violated, but the uptrend should stay in place especially if the resistance is violated. for now, the upper BB seems to be resistance and both lower and upper bands should be trending up by early next week. Charts are very bullish for silver and several fundamental issues could unravel shortly favorable to PM's. A few examples are; trade talks with China and Germany, the southern border fiasco, realization of how serious our combined debt situation has become, Mideast unrest, reporting of the unraveling progress made on corruption within department of Justice.


(https://www.tradingview.com/x/yLMOrno9/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 01, 2019, 01:09:05 PM
Silver is hitting the 200DMA, it needs to stay above it in order for the uptrend to continue.  I would expect it to bounce here, maybe break below on Monday morning and take out the last of the stops. If it breaks below and rebounds back above, that would make a nice pinbar and signal a short term bottom.\
(https://www.tradingview.com/x/dptR9uWf/)
Title: Re: 2019 The Year silver shines
Post by: Tristan on March 06, 2019, 02:32:21 AM
This afternoon my father phoned me and ask me "Tristan what do you think about investing in metals like gold"
I never told him before about metals etc but I responded to him, I don't know much but it looks like Silver would be a better oportunity  :o)
from my iland it is hard to get but he will be in France around june, I told him to find at this place to buy some !!!

this make me think that if my 80 yo father is speaking of investing in metal, he may not be the only one in 2019. I precise he knows nothing at all on the subject.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 08, 2019, 12:55:41 PM
Silver is hitting the 200DMA, it needs to stay above it in order for the uptrend to continue.  I would expect it to bounce here, maybe break below on Monday morning and take out the last of the stops. If it breaks below and rebounds back above, that would make a nice pinbar and signal a short term bottom.\
(https://www.tradingview.com/x/dptR9uWf/)
It took the whole week to do this, but it made a pinbar on the weekly.
(https://www.tradingview.com/x/mvpw9jDJ/)
Title: Re: 2019 The Year silver shines
Post by: simel on March 09, 2019, 06:16:27 AM
Greetings, I'm especially interested in silver, how do you see the price of this metal in the short term?

Thank you
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 09, 2019, 02:09:40 PM
Greetings, I'm especially interested in silver, how do you see the price of this metal in the short term?

Thank you

Welcome, we are glad to have you here.

 In the very short term, the 50 DMA (day moving average) in blue at $15.60 should be an easy target with a slight chance of retesting the 200DMA at $15.20 first. Breaking above the u[[er resistance range of $15.60-$16.25 may take some time. Once above that it should move higher quickly.  If silver goes below the 200DMA again, it will really be a negative for the next few months.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 14, 2019, 10:25:30 AM
Hope it bounces here.
(https://www.tradingview.com/x/xGRHitUa/)
Title: Re: 2019 The Year silver shines
Post by: simel on March 16, 2019, 02:47:35 PM
greetings community
How can you influence the maturity of futures at the end of the month of silver?

Thank you
Title: Re: 2019 The Year silver shines
Post by: ken on March 18, 2019, 07:10:51 AM
Explain what you hope to accomplish.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 20, 2019, 01:22:42 PM
greetings community
How can you influence the maturity of futures at the end of the month of silver?

Thank you

It's easy, just buy a billion dollars worth of futures slowly and then sell them all at once.

https://www.zerohedge.com/news/2019-03-20/gold-tumbles-back-below-1300-someone-suddenly-dumps-1-billion-precious-paper (https://www.zerohedge.com/news/2019-03-20/gold-tumbles-back-below-1300-someone-suddenly-dumps-1-billion-precious-paper)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 21, 2019, 04:11:19 PM
So far, going according to plan. Looking for the break of the 50DMA for confirmation of bull market.
(https://www.tradingview.com/x/Ty2RGlQC/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on March 21, 2019, 04:22:37 PM
greetings community
How can you influence the maturity of futures at the end of the month of silver?

Thank you

It's easy, just buy a billion dollars worth of futures slowly and then sell them all at once.

https://www.zerohedge.com/news/2019-03-20/gold-tumbles-back-below-1300-someone-suddenly-dumps-1-billion-precious-paper (https://www.zerohedge.com/news/2019-03-20/gold-tumbles-back-below-1300-someone-suddenly-dumps-1-billion-precious-paper)

Chart in that article with the volume spike on the drop is telling; very good find!
Title: Re: 2019 The Year silver shines
Post by: simel on March 23, 2019, 05:49:08 PM



I leave this interview to Ted Butler

http://silverseek.com/commentary/hot-seat-17609

regards
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 28, 2019, 07:56:33 PM



I leave this interview to Ted Butler

http://silverseek.com/commentary/hot-seat-17609

regards
I firmly believe that eventually Ted will be proven to be correct. When it comes down to it, mathematics doesn't lie.
What I find hard to believe is that JPM can still find suckers to play the paper game with them.
I guess if there is one (a sucker) born every minute, there are 525,600 born every year. At current birth rates that is only one out of every 250 people.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 28, 2019, 08:26:58 PM
The break of the 200DMA could be a shake-out, no matter how much I like the tap of the blue dashed, I don't like the 2nd break of the 200DMA.

(https://www.tradingview.com/x/muarOn1g/)
Title: Re: 2019 The Year silver shines
Post by: ken on March 29, 2019, 08:34:34 AM
Quote


I firmly believe that eventually Ted will be proven to be correct. When it comes down to it, mathematics doesn't lie.
What I find hard to believe is that JPM can still find suckers to play the paper game with them.
I guess if there is one (a sucker) born every minute, there are 525,600 born every year. At current birth rates that is only one out of every 250 people.

And they will never be prosecuted.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on March 29, 2019, 08:45:04 AM
(https://www.tradingview.com/x/WA6LbSz8/)
Title: Re: 2019 The Year silver shines
Post by: simel on March 30, 2019, 02:04:19 AM
Hello, what are the sensations for the next week?
Title: Re: 2019 The Year silver shines
Post by: edthelorax on April 04, 2019, 02:26:07 PM
I usually don't like to try to guess next weeks move. It's usually too close to 50/50 for me to feel good about putting a prediction out.
I think this coming week has a much higher than 50% chance of being an up week. Today's ST PA looks a lot like a stop hunt, so I'm going out on a limb and saying higher next week.
(https://www.tradingview.com/x/MpE8igSN/)
Title: Re: 2019 The Year silver shines
Post by: simel on April 06, 2019, 12:07:41 PM
http://silverseek.com/article/behind-closed-doors-17623
Title: Re: 2019 The Year silver shines
Post by: ken on April 07, 2019, 09:14:30 PM
Don't expect the "authorities" to do Jack shit!
Title: Re: 2019 The Year silver shines
Post by: edthelorax on April 08, 2019, 10:42:41 AM
A good start to the week.
(https://www.tradingview.com/x/o14b6aiy/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on April 15, 2019, 12:15:25 PM
The link is too an interesting article on silver and JPM's hoard. Here is a pertinent quote followed by the link:

"Butler again:
It couldn't possibly be legitimate and that makes JPMorgan a market crook and manipulator. It also makes the federal regulator, the CFTC, and the self-regulating CME Group, incompetent, corrupt, or both. This takes a special kind of market manipulator, one most likely operating under some type of agreement with the regulators.

To what end are JP Morgan pursuing this path of silver hoarding?

That intent is to sell at as large a profit as possible. No one buys any investment asset with the intention of losing money, least of all JPMorgan. They didn't spend the last seven years accumulating physical silver to sell that silver at anything but the highest price possible. I can't tell you when JPM will let the price of silver fly, but I am certain that that day is coming."


https://www.zerohedge.com/news/2018-01-16/silver-prices-surge-jp-morgan-has-acquired-massive-quantity-physical-silver
Title: Re: 2019 The Year silver shines
Post by: ken on April 15, 2019, 12:55:59 PM
Well they sure the hell don't think gold nor silver will ever again be part of the currency system ever again! Its the Hunt brothers all over again!
Title: Re: 2019 The Year silver shines
Post by: edthelorax on April 25, 2019, 10:17:47 AM
(https://www.tradingview.com/x/ismljKOJ/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on April 26, 2019, 12:02:50 PM
One day does not set a trend but it can be the first step. Note silver has broken from a bull wedge at the same time MACD has crossed over positive. Also the down trending MACD curves have crossed a several week down trend.  50 and 200 day MA's are bull oriented.

(https://www.tradingview.com/x/Rlv36sMu/)
Title: Re: 2019 The Year silver shines
Post by: ken on April 26, 2019, 12:53:23 PM
One day does not set a trend but it can be the first step. Note silver has broken from a bull wedge at the same time MACD has crossed over positive. Also the down trending MACD curves have crossed a several week down trend.  50 and 200 day MA's are bull oriented.

With some more poor news this can soar. What's scheduled for Friday?
Title: Re: 2019 The Year silver shines
Post by: edthelorax on May 03, 2019, 10:16:55 AM
Nice move this AM. It won't mean much until it gets back above those MA's.
(https://www.tradingview.com/x/yJr9AUYL/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on May 13, 2019, 04:26:04 PM
(https://www.tradingview.com/x/OBrcWblK/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on May 13, 2019, 04:48:06 PM
Quite disappointing there was not at least a little bounce in silver with the 1% move in gold today.
Title: Re: 2019 The Year silver shines
Post by: ken on May 13, 2019, 06:08:11 PM
Quite disappointing there was not at least a little bounce in silver with the 1% move in gold today.
Might indicate a false move???
Title: Re: 2019 The Year silver shines
Post by: edthelorax on May 21, 2019, 12:30:04 PM
When will this end?
(https://www.tradingview.com/x/OtwrD0Pg/)
Title: Re: 2019 The Year silver shines
Post by: ken on May 22, 2019, 09:59:09 AM
When will this end?

June or July? Who knows. Invest in DUST perhaps
Title: Re: 2019 The Year silver shines
Post by: edthelorax on May 23, 2019, 03:46:54 PM
When will this end?

June or July? Who knows. Invest in DUST perhaps

Heretic!  lol
Silver going to climb the Stairway to Heaven.
Purple lines of resistance.
(https://www.tradingview.com/x/ui7NK2Ji/)
Title: Re: 2019 The Year silver shines
Post by: ken on May 23, 2019, 08:29:03 PM
I agree it will climb, but damn, would a thermo nuclear war cause at least a bump up???

-Ken the heretic!
Title: Re: 2019 The Year silver shines
Post by: edthelorax on June 03, 2019, 11:22:18 AM
Getting above the 50/200 DMA death cross is vital to the short term. Getting above the 100 DMA necessary  for the medium term.
(https://www.tradingview.com/x/J8Q8GBx3/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on June 06, 2019, 12:55:11 PM
If it can stay above this death cross, it has a chance of going bull.
(https://www.tradingview.com/x/8U8s4F5S/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on June 20, 2019, 11:33:54 AM
Finally getting some action.
(https://www.tradingview.com/x/Ozh97xCo/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 02, 2019, 09:07:45 AM
I believe this retest of the breakout should be bought hard. This is the big chance.
(https://www.tradingview.com/x/42kab7Af/)
(https://www.tradingview.com/x/WZsBbCMS/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on July 02, 2019, 10:27:10 AM
Interesting to see silver's correlation to DXY chart breakout/breakdown.

(https://www.tradingview.com/x/Jc7ifp6M/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 02, 2019, 04:48:40 PM
Make it through this area, and silver will MOON!
(https://www.tradingview.com/x/gVwRpoej/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on July 03, 2019, 07:30:54 AM
You have good company in your bull stand for silver, Ed. "Many silver investors are manic-depressive and fanatical, which is a reality that we can turn to our advantage, for if we can figure when they are just starting to emerge from the depths of despair, it is the time to move into the sector in a big way. They are just starting to emerge form the depths of despair right now as it happens......." taken from the link below; enjoy:

https://www.clivemaund.com/article.php?id=5084
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 10, 2019, 09:54:32 AM
After a break of the 200DMA, the 50DMA showed strong support as price couldn't quite come down to it.
Silver is again above the 200, right in the area I mentioned in the above post as being the zone needed to be broken for silver to really take off.
It shouldn't take long above the 200DMA to cause a golden cross.
Silver is a very strong buy now IMHO.
(https://www.tradingview.com/x/4h1zgSrj/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 15, 2019, 08:08:39 AM
(https://www.tradingview.com/x/zLRPFYJU/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 15, 2019, 09:48:43 AM
goldmoney-insights/a-whale-is-accumulating-silver-futures? (https://www.goldmoney.com/research/goldmoney-insights/a-whale-is-accumulating-silver-futures?fbclid=IwAR0jeKPoViXNocF5bOuc51za9pxx7rY6DGpyaiSA0vVher5P0YY_JIXrOnA)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on July 15, 2019, 06:32:42 PM
It is almost not fun experiencing this PM bull run as I have thought it was beginning on a couple occasions before only to be disappointed. For silver, playing around with very long term MA's, it looks like the 55 month MA has been upper resistance for quite a while. It is currently at $16.22. Getting decisively above that should confirm a secular bull run to come, especially if it comes with a solid volume bump. I like the confidence Ed has in his bull prediction, especially after the very good projection he made a couple years back.

(https://www.tradingview.com/x/z67Y71G6/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 15, 2019, 07:17:41 PM
On the verge of a BO!!
(https://www.tradingview.com/x/qLUQQpUL/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 15, 2019, 07:21:59 PM
Dave, I am almost always somewhat bullish. It is not often that I am with this level of confidence.
When silver does go, it will look exactly like a crypto currency in 2017. Up, sideways, then up again. When it is time for a pullback, it will go up again. There will be few dips, and they will be very shallow.
That time is very near.
Ed
Title: Re: 2019 The Year silver shines
Post by: ken on July 16, 2019, 07:08:43 AM
Dave, I am almost always somewhat bullish. It is not often that I am with this level of confidence.
When silver does go, it will look exactly like a crypto currency in 2017. Up, sideways, then up again. When it is time for a pullback, it will go up again. There will be few dips, and they will be very shallow.
That time is very near.
Ed
So what silver miners do you recommend? They all look to be in the toilet.
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on July 16, 2019, 08:25:25 AM
Ken, a few thoughts on silver and favorite silver miners:

I like holding the metal for stability and solid price appreciation plus silver in junk coins is a potentially good holding for future barter if things really go south.

AG is a good company with rock star management and good line of sight for growth. I do not like the Mexico focus, but I believe it could perform well. Company wide AISC is near current silver price so large amplitude leverage to silver price appreciation is anticipated. I believe AG could do themselves a favor by putting an asset or two on C&M. A similar company is FSM, but I am not as confident in management nor the line of sight for growth.

A wild card in Mexico is ISVLF. They have minimal profitable production that funds most of their work and a huge acreage position with several tens if not hundreds of old historical working mines. It could turn out to be a bonanza, but very high risk.

AXU is an interesting situation in western Canada. They have a mine on C&M, but it is more like being developed while shut in. An advantage is they are not producing the metals for little or no profit while waiting on higher prices. They have been putting off a return to production decision for some time as silver price climbs. Their environmental business is growing and paying a good chunk of the bills. They have a lot of reserves and reasonable mine life with lots of exploration potential. A downside is a confiscatory stream agreement with WPM, but they do have a way to wiggle out of it completely after a renegotiation of the terms.

Two traditional companies that have been mismanaged for years are CDE and HL. CDE is in a situation where they could do very well over the last half of 2019 and into 2020, but results are very dependent on equipment installation and the technology performing as expected and management does not have a track record that aligns with share holders getting a return. HL is one I quit following as I did not see a reasonable path to a future profit even if Lucky Friday is returned to production.

Just some thoughts from a layman and not intended to be recommendations, I have been very wrong, or maybe just very early, in the past few years.
Title: Re: 2019 The Year silver shines
Post by: ken on July 16, 2019, 11:10:33 AM
I look at these silver miners and there is not a lot to like about them. Discouraging.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 16, 2019, 11:23:27 AM
The best buys are when no one else wants something of value.
I do not have an easy answer. My opinion is go with the ones on the edge of profitability.
I like EXK AG PAAS WPM USAS the most.
Title: Re: 2019 The Year silver shines
Post by: ken on July 16, 2019, 11:29:18 AM
WPM looks like a cup and handle.....
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 17, 2019, 09:17:54 AM
Breakout! (https://www.tradingview.com/x/dj17x5wf/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 19, 2019, 10:38:24 AM
(https://www.tradingview.com/x/DXsqqEQW/)
Title: Re: 2019 The Year silver shines
Post by: ken on July 19, 2019, 10:49:04 AM
Cool off time. Expected this to happen earlier this week.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on July 24, 2019, 12:13:04 PM
Silver making a bull flag. The light blue lines are markers of the scale.  This meets the ST 1.618 fib
Also note the Golden Cross of the 50/200DMA
(https://www.tradingview.com/x/nHndpETj/)
Title: Re: 2019 The Year silver shines
Post by: simel on August 05, 2019, 02:20:05 AM
at the moment in the area of ​​16.50, about to break the indicated point

I take my hat off
Title: Re: 2019 The Year silver shines
Post by: edthelorax on August 06, 2019, 08:12:18 PM
On the verge of breaking out.  Any time now.
(https://www.tradingview.com/x/fGRukGbY/)
Title: Re: 2019 The Year silver shines
Post by: ken on August 07, 2019, 07:39:53 AM
Projection chart for silver anyone? Just how high might it go?
Title: Re: 2019 The Year silver shines
Post by: edthelorax on August 07, 2019, 11:51:54 PM
short term, $17.50ish
(https://www.tradingview.com/x/aaGjYiMd/)

Mid term $21 then $26
(https://www.tradingview.com/x/JIihwj2p/)

Long term, just over 100 then moon. Could be another decade+
(https://www.tradingview.com/x/2TiaPgyB/)

I would love to hear differing opinions
Title: Re: 2019 The Year silver shines
Post by: edthelorax on August 21, 2019, 03:12:32 PM
I guess it's been a while since I updated this.
Silver met the red line, but didn't quite make it to the horizontal I had marked.
Since then it has formed a triangle on short timeframes which it just broke out of to the upside and is retesting now.
This is a good sign. If it breaks below $17.00 that would turn it bad fast.
Get above 17.50 and 18.30 should come quickly.
Below 17 and low 16's is likely.

(https://www.tradingview.com/x/kAOmX6kR/)
 
Title: Re: 2019 The Year silver shines
Post by: edthelorax on August 23, 2019, 10:48:40 AM
(https://www.tradingview.com/x/Bi2P3vbz/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on August 25, 2019, 07:45:25 PM
It seems like there is a lot of focus on gold with the traders.  Silver is just getting started. I believe it has a lot of room to go even after the big gains recently.  $21 should be easy by early 2020, and 26$ isn't out of the realm of possibility.
(https://www.tradingview.com/x/38FON5pN/)

Silver will likely perform just like it did during any of the 4 periods where it broke consolidation during the bull run of 2001-11. It made gains of almost 100% in about 9 months. Putting it at $26ish in February or March.
If history repeats, it will then drop back to 21$ or lower in a month, consolidate for 18 months then make a new ATH or close to it in 2022.

(https://www.tradingview.com/x/nh91AXv6/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on August 28, 2019, 10:37:31 AM
the chances of a dip have increased quite a bit
(https://www.tradingview.com/x/OHUTOX7k/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on August 28, 2019, 10:59:56 AM
the chances of a dip have increased quite a bit
(https://www.tradingview.com/x/OHUTOX7k/)

I agree Ed, have a look at the gold silver ratio chart. The ratio is way below the lower BB, RSI is in oversold territory below 30, and MACD histogram looks like it is making a low. This suggests gold may out perform silver temporarily, but certainly does not suggest a secular turn.

(https://www.tradingview.com/x/VA2Ex2Dh/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on September 06, 2019, 09:26:42 AM
So this week silver took an unwanted trip to the woodshed but surprisingly came away essentially unscathed. MACD is tarnished but still bull oriented. RSI was way overbought and now positioned more reasonably, share price is still in the top half of the BB range, and recent moves this morning are very positive probably reflecting the employment report.


(https://www.tradingview.com/x/NdWv2B74/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on September 08, 2019, 05:40:54 PM
So this week silver took an unwanted trip to the woodshed but surprisingly came away essentially unscathed. MACD is tarnished but still bull oriented. RSI was way overbought and now positioned more reasonably, share price is still in the top half of the BB range, and recent moves this morning are very positive probably reflecting the employment report.


(https://www.tradingview.com/x/NdWv2B74/)
Turns out the Friday morning positive moves did not hold up as the day wore on with silver closing down nearly a half buck. @ $18 plus, it is still in the upper have of the BB spread or above the 20 day MA. I am still thinking we are in a secular bull PM market and long term holding will continue to pay off, but if skilled enough with the fortitude to trade, these swings provide opportunity to juice the returns. My hat is tipped to Nikko as he seems to get it right much more than wrong. Even though I saw it coming, I did not trade it, albeit the previous weeks I did scalp some fiat with call options expiring in a day or two.
Title: Re: 2019 The Year silver shines
Post by: ken on September 08, 2019, 09:51:03 PM
I sold Thursday. Should have on Wednesday. Will buy later this week???? Wait to see....

Looking for a waterfall event Monday.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on September 08, 2019, 10:50:41 PM
So this week silver took an unwanted trip to the woodshed but surprisingly came away essentially unscathed. MACD is tarnished but still bull oriented. RSI was way overbought and now positioned more reasonably, share price is still in the top half of the BB range, and recent moves this morning are very positive probably reflecting the employment report.


(https://www.tradingview.com/x/NdWv2B74/)
Turns out the Friday morning positive moves did not hold up as the day wore on with silver closing down nearly a half buck. @ $18 plus, it is still in the upper have of the BB spread or above the 20 day MA. I am still thinking we are in a secular bull PM market and long term holding will continue to pay off, but if skilled enough with the fortitude to trade, these swings provide opportunity to juice the returns. My hat is tipped to Nikko as he seems to get it right much more than wrong. Even though I saw it coming, I did not trade it, albeit the previous weeks I did scalp some fiat with call options expiring in a day or two.
I agree, hats off to Nikko.
Title: Re: 2019 The Year silver shines
Post by: edthelorax on September 08, 2019, 10:56:28 PM
A few examples of candles similar to last weeks.  -10% from high to low in a week.
I have said repeatedly that it feels just like 2003 did. As of now, it is starting to feel just like Jan. 2004
(https://www.tradingview.com/x/kwIz6HxQ/)
(https://www.tradingview.com/x/tHtqJBH0/)
(https://www.tradingview.com/x/VjRDEWOo/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on September 12, 2019, 01:56:48 PM
It appears there is more downside in silver. I believe it will not be as much as most will expect after it breaks the last low of $17.75ish.
maybe 17.50 or 17.10ish.
Anyone investing in silver must know that drops will sometimes be way worse than even the staunchest bears expect.
Keep your eyes on the ball.  The long term.
Any of these pink are possible downside targets. I see the higher 2 as much more likely.
(https://www.tradingview.com/x/P9aWqjId/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on September 13, 2019, 11:24:24 AM
$17.0x looks most likely IMHO.
(https://www.tradingview.com/x/cMsJ9PW9/)
Title: Re: 2019 The Year silver shines
Post by: edthelorax on September 16, 2019, 04:14:08 PM
If that was the bottom, the next run will be amazing.
(https://www.tradingview.com/x/liRXru6k/)
Title: Re: 2019 The Year silver shines
Post by: sandybeachdave on September 16, 2019, 07:27:34 PM
looking at the chart below, MACD histogram has bottomed, STO curves are below 20 and poised to turn up, price per ounce looks to have made a short term shake out bottom and it is near to crossing the 20 day MA and up trending magenta resistance line around $18.25. I think a weekly closing in the upper half of the BB spread and crossing the resistance to make it support would lessen the if in your post and give us clearance for the ride you reference.

There is a lot of malfeasance in governments of the world right now, certainly not confidence building in same nor their currencies, which in general is supportive of PM's.

(https://www.tradingview.com/x/bgbwzU1a/)