We see charts as the “improved mousetrap,” as it were, and superior as a tool for market timing over fundamentals, or any other similar undertaking, for relating to what and when to buy in the markets. Still, there are not that many converts who pay more attention to what the market is saying. The one thing we know for sure is, regardless of whatever one has in the form of expectations, they are always subordinate to the final arbiter over price, and that is the market itself. The best we can say about gold is that it may be transitioning from its protracted down trend. The signs that gold remains under pressure are still there, bearish spacing, lower swing highs, etc, and that means any buying has to be very select, or not at all, again, profit being the only objective.
Tag: silver outlook
Whichever option you choose, following the gold and silver price per ounce is an easy way to monitor your investment. With both precious metals looking to make a recovery this year, 2014 could be a great time to add silver to your portfolio.
In the big picture of things, Morgan does not consider the $25 resistance level as THE most important fact. If silver goes to $100 an ounce, which is line with Morgan’s expectations, it will not make a difference whether you bought at $20 or $30. From that point of view, the grey metal is now in a bear cycle during a secular bull market. After gold and silver have gone up for 12 years in a row, it went lower the 13th year. There is nothing unusual about that, as all markets go up and down.
I’m not convinced that the June low was the final low for this prolonged bear period that currently exists within this precious metals bull market. A final capitulation could be on the cards and arrive sometime this summer, maybe May/June time. The USD refuses to trade below the ‘79’ level even though it has tested this level no less than six times over the last two years.
The entire world-wide banking system is corrupt and run by corrupt people whose only objective is to steal as much of your money as they can. We are of the mind that the western banking Ponzi scheme can go on for longer than most expect. It could take one or even two to three years longer before the fiat system unravels. Things could also go awry in the next several months. Regardless of when, the handwriting is on the wall for those who pay attention.
While it is interesting to know that silver experienced a rarely seen advance, it is far more interesting to see how it played out afterwards. The following chart shows there was one comparable instance, in particular in 1979, when silver advanced for 14 days in a row. The chart clearly shows that it marked the start of silver’s mega run.
In this week’s online radio appearances, David Morgan explains his latest take on precious metals in 2014 and the very short term silver price. He touches on more fundamental questions like the dollar world reserve currency and the financial system. We highlighted several quotes in this article.
So the next time you hear from an analyst that silver is likely to remain under $25 for the next decade, or drop to $10, or whatever, remember 100 years of history, 100 years of price increases, and 100 years of official national debt exponentially increasing at 9% per year – compounded each and every year.
The advance on the daily Silver chart has completed an 11-week rectangle bottom. This is the first significant bullish signal in Silver since the advances in September 2010 and February 2011. The pattern target on the daily chart is 22.00 — a price already being approached. Further targets are possible, including the August 2013 high at 25.12 and the 2011 and 2012 lows at 26.15.
Jim Sinclair, also known as “Mr. Gold” as he has made literally fortunes with gold in the 70ies, was in Texas recently. He talked about the prospects of the economy, the looming derivatives disaster, and gold’s outlook. One of the attendees, Bill Holter writing for Miles Franklin, reported the key thoughts of Sinclair in a blog post. This article provides some remarkably interesting highlights.
The silver price is ripe for a trending move. The basic chart view reveals that a 7 month trading formation has been built which is ready to change direction (courtesy of ShortSideOfLong). The key question is, of course, in which direction will the next move be?
The current price for silver is extremely low and during the third quarter of 2013, silver mining costs averaged $21.39 per ounce. If these low prices persist, mines will eventually close reducing the amount of silver on the market. In turn, that lack of supply should push prices up.
So, change your beliefs and, in turn, your perception of reality, and stay focused on buying, holding, and not letting go of any acquired silver and gold in the realization that your action of one will help bring about the demise of the New World Order imperialism being so willingly advanced by the Obamas and Merkels of the world. The UK has always been a pivotal player in NWO subjugation.
It seems prudent to continue to expect gold to dominate silver sentiment and therefore silver prices in the years to come. The historical market performance and data is crystal-clear, gold drives silver. Silver investors need to keep this in mind. Silver is a fascinating metal to study, with its own independent global supply-and-demand fundamentals. Yet technically it has always been slave to gold’s fortunes.
Expect a trend change in 2014 and much higher gold and silver prices as they rally above their 200 day moving averages. The ratio of silver prices to the S&P is back to 2008 levels and substantially below the linear trend since 2006. Expect the ratio to regress (rise) to its mean while silver prices rally substantially from here. Both long and short term time cycles indicate that an important bottom occurred in June of 2013. It appears that a double-bottom occurred in December of 2013. If this double-bottom holds, time cycles suggest that silver will rally strongly in 2014.