Quick, fun, 10 year look at the silver price monthly. Post Covid Interest is remarkable. Just a silverbug take. I'm long and biased!
Eagerly anticipating additional support as the industrial beggars enter a future where they will bid to my HODLer brethren (monetary understanding) askers.
Since the start of this year silver prices have risen 10% versus the US dollar and 13% versus the Chinese yuan and the Indian rupee.
Despite the strong rise in silver prices, their overall performance has been rather disappointing.
Gold prices have considerably outperformed silver prices. As a result the gold/silver ratio has risen to new highs.
Whales have accumulated around 6200. Unlikely to dump their inventory as it would result in price coming back down to the previous range. I expect a breakout Past major resistance. Break Out Traders will push price higher causing massive retail Fomo. Whales who bought at 6200 will distribute at top of previous range. Price unlikely to break 10,000.
What is the Arrow of time: "the fact that the past is different from the future. We remember the past but we don’t remember the future. There are irreversible processes. There are things that happen, like you turn an egg into an omelet, but you can’t turn an omelet into an egg.
And we sort of understand that halfway. The arrow of time is based on ideas that go...
Here is another look at Gold on the all-time chart. Indicators are directional movement index, correlation coefficient with BITCOIN , and a set of Bollinger bands . I like my bands to be drastic and i use OHLC average method, the reason being that I want to see all those fluctuations, I want the constrictions to be painfully obvious because constrictions signal a...
This updated version of iROC replaces the previous version which is labeled simply "calculus".
Thanks to Dr Richard P, Feynman . You might enjoy his classic 1961 Cal Tech lectures on Physics too, available for free on line.
Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...