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Continuing on from my previous chart and predictions my opinions have been ratified.
I have included a new WHITE line into the chart to reflect actual retail prices for 1 Troy Ounce silver coin. As stated on European Mint bullion and collector dealer website.
Near-decade long downtrend ( bright orange lines) - Broken
long term support shattered and re-consolidating. (green lines)
short term trend (red lines) has spiked to the 20$ levels but a smack down is still possible - need to see how the big 8 traders will move i.e. JP Morgan et al as they have full control of the price through Comex. Alhough relative strength of these shorts has fallen siginificantly and I expect their influence will continue to wane. OUTSIDE fringe theory could see the big 8 push in on silver Longs which would mean astronomical price growth.
- Push back to green support circa 17.50-18$ is now virtually gone. Likely new support will be around 20$ mark althoug with increased interest and volatiliy I don't suspect it will be there for long.
- Price manipulation in the form of QE4 (Repo, bond buybacks etc.) has further inflated M2 supply and in turn equity markets thus pushing commodities and their sentiment down
Law of diminishing returns is in full swing and Silver will be in a firm Bull trend regardless of anything for the next few years (cumulative) and probably against pretty much any equity or commodity. I continue and have increased my confidence for the years to come and wiling to double down on the prediction that the probability to outperform Gold is now greater than ever. Recent jumps in Gold / Silver ratios prove we have a ceiling and production has collapsed in recent months.
Fundamental reasons, again, are now greater than ever. Production has collapsed and any major catalyst (recession, depression, new green legislation, Biden victory in November) will cause Silver to skyrocket.
- Last time we had a momentary shortage like this was when Silver peaked to circa 50$ in 2011 and shortly thereafter in 2013 began this downtrend that we've now broken entirely.
Market sentiment is now at a near-decade high but this is by no means its final stop, likeliness of breaking ATH's alongside Gold has continued to grow and, as such, never been higher. Time to get in on the Long was in January but any purchases I make now are done so with the utmost confidence. Short, medium or long-term AUG is a winner for me.
At this stage I have jettisoned any and all Fiat holdings I have had and continue to convert into precious metals (AUG largest holding by far) physical and select mining stocks. Not ETFs or indexes.
NB UPDATE: Primary Miners are beginning their take off although plenty of opportunities exist. As always, and especially with coof coof, these have a higher potential ROI's and are FAR more speculative.
NB2 If there is one guarantee I can make is that one day you will stand with a handful of completely wothless Euro /USD/Yen etc. But you will never in your life stand with a handful of worthless silver .
I have included a new WHITE line into the chart to reflect actual retail prices for 1 Troy Ounce silver coin. As stated on European Mint bullion and collector dealer website.
Near-decade long downtrend ( bright orange lines) - Broken
long term support shattered and re-consolidating. (green lines)
short term trend (red lines) has spiked to the 20$ levels but a smack down is still possible - need to see how the big 8 traders will move i.e. JP Morgan et al as they have full control of the price through Comex. Alhough relative strength of these shorts has fallen siginificantly and I expect their influence will continue to wane. OUTSIDE fringe theory could see the big 8 push in on silver Longs which would mean astronomical price growth.
- Push back to green support circa 17.50-18$ is now virtually gone. Likely new support will be around 20$ mark althoug with increased interest and volatiliy I don't suspect it will be there for long.
- Price manipulation in the form of QE4 (Repo, bond buybacks etc.) has further inflated M2 supply and in turn equity markets thus pushing commodities and their sentiment down
Law of diminishing returns is in full swing and Silver will be in a firm Bull trend regardless of anything for the next few years (cumulative) and probably against pretty much any equity or commodity. I continue and have increased my confidence for the years to come and wiling to double down on the prediction that the probability to outperform Gold is now greater than ever. Recent jumps in Gold / Silver ratios prove we have a ceiling and production has collapsed in recent months.
Fundamental reasons, again, are now greater than ever. Production has collapsed and any major catalyst (recession, depression, new green legislation, Biden victory in November) will cause Silver to skyrocket.
- Last time we had a momentary shortage like this was when Silver peaked to circa 50$ in 2011 and shortly thereafter in 2013 began this downtrend that we've now broken entirely.
Market sentiment is now at a near-decade high but this is by no means its final stop, likeliness of breaking ATH's alongside Gold has continued to grow and, as such, never been higher. Time to get in on the Long was in January but any purchases I make now are done so with the utmost confidence. Short, medium or long-term AUG is a winner for me.
At this stage I have jettisoned any and all Fiat holdings I have had and continue to convert into precious metals (AUG largest holding by far) physical and select mining stocks. Not ETFs or indexes.
NB UPDATE: Primary Miners are beginning their take off although plenty of opportunities exist. As always, and especially with coof coof, these have a higher potential ROI's and are FAR more speculative.
NB2 If there is one guarantee I can make is that one day you will stand with a handful of completely wothless Euro /USD/Yen etc. But you will never in your life stand with a handful of worthless silver .
Comments
- Price manipulation in the form of QE4 (Repo, bond buybacks etc.) has further inflated M2 supply and in turn equity markets but the sentiment for commodities has seen a reversal due to the little effect continued economic stimulus and money printing has had.