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Silver's Promising Surge

July 18, 2019

Buyers surpassed a 15.840 target I'd flagged earlier in the week with such ease that a test of a more daunting obstacle at 16.470 seems all but inevitable. That's where September Silver double-topped earlier in 2019. If the rally should exceed these peaks as easily as did the 15.840 pivot today, that would greatly strengthen the case that a powerful new bull market has begun. More immediately, look for a short-term finishing stroke to 16.190, the Hidden Pivot target of the pattern shown in the…

Gold & Silver Miners: The Hot Action Is Now

July 17, 2019

- Please click here now. Double-click to enlarge this daily silver chart. Like Rodney Dangerfield, silver doesn’t get much respect, but that’s because inflation has yet to really surge. - Having said that, the silver chart is beginning to look quite bullish. A breakout from an inverse H&S bottom pattern has occurred, and the pullback was flag-like. - The target of both the flag and the H&S pattern is the $16.50 area highs of February.

This Needs To Happen Before Silver Really Takes Off

July 16, 2019

What is significant about this peak-level in the Gold/Silver ratio is the fact that it is so close, and follows the 2016 bottom in interest rates. These confirm that some very serious credit woes are coming. It is likely on a scale not seen over the last 100 years. We can expect a rush for real monetary assets as never seen before. This will put silver again at the forefront of money and monetary solutions.

A Pretty Ugly COT Report in Gold. Silver..

July 11, 2019

Also in silver, 26 non-U.S. banks are net short 36,928 COMEX contracts in the July BPR...which is up a decent amount from the 27,599 contracts that 21 non-U.S. banks were short in the June BPR. I would suspect that Canada's Scotiabank [and maybe one other, the BIS perhaps] holds a goodly chunk of the short position of these non-U.S. banks. I believe that a number of the remaining 24 non-U.S. banks may actually net long the COMEX futures market in silver. But even if they aren't, the…

If History Still Matters, Silver Is Poised For A Huge Move

June 25, 2019

It’s been a pretty good couple of months for precious metals, but more so for gold than silver. Both are up but gold is up more, and the imbalance that this creates might be one of the major investment themes of the next few years. The gold/silver ratio – that is, how many ounces of silver it takes to buy an ounce of gold – has bounced all over the place since the 1960s. But whenever it’s gotten extremely high – say above 80 – silver outperformed gold, sometimes dramatically.

Will Silver Soon Follow Gold’s Lead?

June 25, 2019

The super-rich and large institutional investors who are more apt to take contrarian positions in overlooked assets generally prefer gold over silver because it is more convenient for them to accumulate in large quantities. We are still in the stealth phase of a precious metals bull market. When we enter the public participation phase – and demand for physical bullion increases – we have no doubt that silver will shine.

These Two Charts Virtually Scream “Buy Silver”

June 19, 2019

Silver is currently trading around $14.84 an ounce. This is around 30% of its 1980 all-time high of $50. However, this is an incomplete representation of what silver is really trading at, relative to US dollars. When you look at the silver price, relative to US currency (the amount of actual US dollars) in existence, then it is at its lowest value it has ever been (see chart below). Also, it is ridiculous that one ounce of silver cost $50 in 1980 when there were about 132 billion dollars…

The Rise of Silver and Major Economic Decline

June 14, 2019

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...

Rocket Fuel

June 04, 2019

According to silver analyst Theodore Butler, various hedge funds are currently short 440 million ounces of silver on the COMEX futures market. That’s over half the silver that’s mined in a year. These funds manage money for big investors and they rely on computerized trading programs. Human judgements and emotions don’t enter into trading decisions. Their foremost trading strategy is to buy or sell when moving averages are penetrated. If the price of silver or gold moves upward to the point it…

Precious metals and silver technical video-update: Silver market very oversold

May 31, 2019

If silver can break $14.61 area, the downtrend can be negated.

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