SilverCOTReport,
June 14, 3:18 pm
COT Silver Report - June 14, 2019
The Northern Miner,
June 14, 10:58 am
Hubert Moolman,
June 14, 10:45 am
Currently silver priced in the Dow is close to all-time lows. Economic conditions has been favourable to paper and debt-based assets. The bullish wedge is an indication that all this is about to change.
There has now been a breakout of the wedge and the ratio seems ready to go much higher.
On the chart, I have indicated how the periods indicated by the green arrows have been associated with economic prosperity, and the red one with economic decline...
Theodore Butler,
June 13, 9:28 am
One big difference between India and China is that the gold and silver buying in India is largely a grassroots phenomenon, emanating from the general population due to deep-rooted customs and traditions; where the buying from China is predominantly from official sources (similar to the gold buying by Russia). To me, this makes the gold and silver buying from India more “free market” and price-sensitive in nature because the more participants in any market, the freer the market is by definition. The many tens and even hundreds of millions of gold and silver buyers from India make the markets there the freest of all.
India has always played a vital role in gold and silver. I remember how my longtime friend and silver mentor, Izzy Friedman, more than 40 years ago, as he was deciding whether to make a major investment in silver in the mid-1970’s, actually flew to India to see for himself if the stories of great silver hoards about to flood the market should prices move higher (from $4 or $5) were true. Izzy saw plenty of silver, but none so closely held in large concentrated quantities to pose a market threat. I believe that’s still the case today.
SRSrocco,
June 11, 8:55 am
Even though the silver price has sold off today, it doesn’t mean the rally that started two weeks ago is over. While the silver price was down more than 40 cents today, it may be retesting a support level before heading higher. However, it doesn’t help that it took two weeks for silver to go up more than 70 cents, but then fall 30+ cents today.
Regardless, traders and algorithms follow certain technical price levels. Thus, the silver price was trading in a falling wedge pattern for the past four months before breaking out of that trend last week. Typically, a falling wedge pattern is bullish. Yes, it sounds counter-intuitive, but falling wedges are more bullish to the price action while rising wedges are bearish.
SilverCOTReport,
June 7, 3:21 pm
COT Silver Report - June 7, 2019
SRSrocco,
June 4, 5:51 am
While silver investment demand in the West continues to remain weak, Indians are purchasing the white shiny metal hand over fist. In just the past six months, U.S. silver exports to India have exploded to record highs. Yes, there is no better way of putting it if we compare how little silver India imported from the United States during the previous six month period.
SilverCOTReport,
May 31, 5:00 pm
COT Silver Report - May 31, 2019.
Adam Hamilton,
May 31, 12:36 pm
The silver miners’ stocks have been pummeled in recent months, plunging near major secular lows in late May. Sentiment in this tiny sector is miserable, reflecting silver prices continuing to languish relative to gold. This has forced traditional silver miners to increasingly diversify into gold, which has far-superior economics. The major silver miners’ ongoing shift from silver is apparent in their recently-released Q1’19 results.
Four times a year publicly-traded companies release treasure troves of valuable information in the form of quarterly reports. Required by the US Securities and Exchange Commission, these 10-Qs and 10-Ks contain the best fundamental data available to traders. They dispel all the sentiment distortions inevitably surrounding prevailing stock-price levels, revealing corporations’ underlying hard fundamental realities.
Clive Maund,
May 31, 9:11 am
The purpose of this update on silver is to attempt resolve a number of glaring contradictions amongst its technical indicators to arrive at the most probable scenario for it in coming weeks.
A number of subscribers have pointed out that silver’s latest COT looks increasingly bullish, with the habitually wrong Large Specs giving up on it completely and starting to go short, and the Commercials scaling back their earlier large short positions. This is true – the latest COT does look increasingly bullish as we can see below. In addition they also pointed out that silver is approaching a zone of quite strong support approaching its late 2015 lows, obviously a good point for it to bottom. But will these important factors stop it dropping further and perhaps breaking to new lows? Probably not, for overriding reasons that we will now consider.
3:18 pm COT Silver Report - June 14, 2019