Jump to content

Recommended Posts

Silver looking very strong - not sure if it will calm down once the markets are past the immediate Brexit panic?

Share this post


Link to post
Share on other sites

It's just a rocketship at the moment. Took 2 days to move through the $19s. GSR now down to 66.

Share this post


Link to post
Share on other sites

The always Bullish Bo is... ah, still bullish

 

AHEAD: $100 Silver, $10,000 Gold | Bo Polny

 

Silver then was $19.23 (late July.) On Friday, it closed at $18.75

Back then, he expected Silver to break $22 (it did not), and then "go vertcal".

 

Silver_zpsyyeppfzz.png

Share this post


Link to post
Share on other sites

Silver is rolling over, headed towards $16 or less*, within 2-3 months (if the cycle works)

 

*I think SLV could bottom just below $15 in about 6-8 weeks

 

SLV / Silver etf - trades at about XX% of Silver

 

SLV charts: All-data : 5-yrs : 2-yrs : 6-mo : 10d // Futures : Weekly : Daily

/ Last: $16.68 - 4/25/2017 : old chart :

SLV-all_zpsjvzstobo.gif

 

SLV vs SLW (Silver Wheaton) ... update - Cycle bottoms when SLW gets relatively cheap

SLV-vsSLW_zpsoi57vgdy.gif

 

SLV -to- Gold Ratio - a narrowing may signal a Low

SLV-toGLD_zps4f4sg1ee.png

Share this post


Link to post
Share on other sites

Tony C on Gold (& silver?) : A "C" high is likely in place

 

Silver is at a critical point too.

If SLV breaks yesterday's low (near $15.50), it may decline quickly, and could even retest the $xx Lows

 

SLV / Silver etf ... update

slv_zpshievegnr.gif

=====

Tony,
On the daily gold chart, what would be the prerequisite to update April gold high as a C wave?
Thank you,

 

It’s Patrick’s chart, but I’d give it a tentative C

That’s what I’m thinking, too. Gold has to smash up furiously or its done.
Thank you, Tony.

==

> https://caldaro.wordpress.com/2017/05/03/wednesday-update-594/

Share this post


Link to post
Share on other sites

Right time? Right Price?

 

SLV is the etf for Silver

 

SLV ... update

J5t0ZSx.gif

==

Share this post


Link to post
Share on other sites

GOLD & Silver Poised?  Maybe

Silver shares / SIL: Global X Silver Miners

OUnWvTQ.png

SIL- etc ... update

Nu8j9EX.gif

 

GOLD READY FOR HUGE RUN HIGHER - Keith Neumeyer

Silver is cheap:

GOLD- to- Silver Ratio is over 80:1

qi5qCs9.png

SIL (silver shares) look Cheap relative to GDXJ (Junior Gold shares):

Ratio: SIL -to-GDXJ

QE8PR4Q.png

==

Share this post


Link to post
Share on other sites

SIL / Global X Silver Miners ETF vs SLV / Silver etf

SIL vs SLV ... 2yr : 1yr : 6mo : From 12/6/17 ... SIL-$30.55 / SLV-$15.70

24xazLV.gif

Ratio : SIL -to-SLV is "stuck" near 2.0 (but could break out again): SIL-$30.55 / SLV-$15.70 = R 1.945

nEu2mdU.png

==

Share this post


Link to post
Share on other sites

SLV & SIL-etc : 5d : 10d : 2mo : 6mo : SIL-$30.21 /SLV-$15.78  = Ratio: 1.914 - cheap compared to r-2.00 !

yHzr3Zy.gif

SIL - Global X Silver miners etf - Top 5  : 5yr : 2yr : 6mo : 10d 5d / Last: $30.21 -0.31 : - 1.02%

bAWgsCK.gif

FRES.L / Fresnillo PLC : 5yr : 2yr : 6mo : 10d / Last: GBP 1,216 - 83 : -6.39% : vol. 2.78 million

jfeqJN2.gif

08/6/2018:
14:48
It seems JP Morgan have reduced their price target for FRES from 1400 to 1350. HTtps://www.morningstar.co.uk/uk/news/AN_1528451335662437800/winners--losers-summary-standard-life-down-as-lloyds-exits-holding.aspx They have done the same to HOC which has fallen in the same way.

Top 5 Holdings : Charts: 10d 5d : Top 10 : Full Holdings (.csv) :

As of 6/7/18
Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($)
12.60 Poly.L / POLYMETAL INTL 8.91 6,034,946 53,770,653.00
12.43 WPM  / WHEATON PREC MET  22.03 2,407,875 53,045,486.25
11.73 kr:010130  / KOREA ZINC CO 403.16 124,165 50,058,570.69
11.67 Fres.L / FRESNILLO PLC 17.43 2,857,073 49,800,571.99
5.08 Paas   / PAN AMER. SILVER 17.77 1,218,877 21,659,444.29

53.51%

Share this post


Link to post
Share on other sites

Silver To Climb 11% In Next Three Months - German-Based Research Firm Kitco News

. . . Silver is likely to reach $18.50 an ounce in third quarter of 2018, and maybe even hit 2016 highs of $21.50 an ounce by the four quarter, based on a combination of technical, sentiment, seasonal, and fundamental factors.

bczDs4k.png

The white metal is undervalued at current price levels and is expected to become one of the best performing assets, making it an ideal contrarian investment, according to Florian Grummes, analyst at Midas Touch Consulting in a recent report. He added that despite gold's recent plunge, silver still has a lot of room to catch up with the yellow metal.

In his latest report, Grummes said, "Especially as I expect a breakout in gold above 1,350 USD, silver has a lot of room to catch up with gold. The gold/silver ratio still trades just shy below 80 and remains far away from its long-term mean of around 65-67."

Grummes said that extremely low volatility in silver prices indicates a "market where neither speculation nor mainstream interest is apparent." Silver has been trading sideways the past three months. Technical analysis indicates that it has been trading in the narrowest range since 2002 when looking at Bollinger Bands, which could indicate a return of volatility soon, said Grummes.

Looking at traders' sentiment, Grummes sees the latest Commitment of Traders Report numbers as bullish. As of May 29, the cumulated commercial short positions was 35,297 contracts when silver closed at $16.36 an ounce.

"Usually a perfect contrarian setup is found when commercial hedgers hold less than 10,000 short contracts in the silver futures market. With the current 35,297 short contracts, a final sell off in silver is still possible in the coming weeks," he said.

Share this post


Link to post
Share on other sites

SIL / Global X Silver Miners ETF

Weekly ... All : 10-yr : 5-yr :

YST65XO.gif

Fresnillo / FRES.L - World's Largest Silver Miner ... update :

i6TrYdl.gif

Share this post


Link to post
Share on other sites

SILVER to DBA cycle - may be headed to 95% - Silver to $17.70

Ratio with cycle overlay : SLV / Silver ($14.42) to DBA ($16.97) = r-85% / Target: 9%, maybe March

4EWA3vf.png

DBA---- : x 95% - : x 106.5%

$16.50: $15.675 : $16.694 :
$17.00: $16.150 : $17.200 :
$17.50: $16.625 : $17.706 : Preferred case /$15.44 today: +14.7% by March
$18.00: $17.100 : $18.211 :
======

SLV / Silver etf ... chart : Note - these kind of very precise targets rarely work out - will need revisiting

JuW7Ya9.gif

==

Share this post


Link to post
Share on other sites

dj88suE.gif

Ratio: $26.13 / $123.37 = 21.2

NDO8CaR.png

==

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×