Tag Archives: investment

Selling Silver, Below ‘Spot’

December 30, 2024 By in Genesis 41, Gold & Silver, Silver Collapse, SLV Tags: , , , ,

Who Could Have Guessed?

Let’s go all the way back (nearly four years ago) to this post, and the following:

“Think of the irony. The ‘stackers’ (and maybe the rest of us), having to exchange actual money, gold and silver, for worthless fiat just so they/we can buy food to stay alive.”

Fast forward to now and this link, time stamp: 6:35.

How close is that to the post from way back when?

Strategy, First

The About section presents the priorities of this site.

Strategy, Tactics, Focus; with three market masters, that were masters of each.

The insight, years ago, was that we’re in a situation not unlike that of Genesis 41. It’s the food supply first, then gold and silver (not advice, not a recommendation).

With updates like this just out, it’s becoming clear, food is the focus (not advice, not a recommendation).

Silver Update

The last update on silver (SLV) was back in early October, link here.

Silver’s down over -16%, since then.

It’s even worse for the bulls, including the Rod Stweart reference:

‘Right now, is where you are … in a broken dream’

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Silver … To ‘Blip’ and Back

December 14, 2024 By in Gold & Silver, Silver Collapse, SLV, Solar Power Tags: , , , ,

A ‘Basic Material’

A ‘blip’ is all there was.

The last update on silver SLV (link here), had this to say:

“The 50% retrace area is shown. It will be interesting to see if SLV, gets that far.”

Well, SLV got that far, just barely, held for three days and then reversed, ending the week down.

While the hyperinflation mania rages on, click-bait by click-bait, the market itself tells us the truth … or the more probable truth.

That truth (below), silver (SLV), is poised for a series of downside reversals (not advice, not a recommendation).

Silver SLV, Monthly

One ‘terminating wedge’ within another; upside Force (pressure) is declining and bearish divergent (not advice, not a recommendation).

Silver may be considered a basic material like copper (also in decline) with over half of production used for industrial applications.

The COP-OUT

There’s dissent in the ranks.

As economies are stressed or fracture world-wide, the amount of free money available for ‘games’ essentially evaporates.

Case in point is here.

Already shown, the effects of economic decline (silver demand) with solar company bankruptcies, link here.

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Silver … Slammed !!!

November 16, 2024 By in Dollar, Gold & Silver, Great Depression 2.0, SLV, UUP, Wyckoff, ZeroHedge, zsl Tags: , , 1 Comment

What’s Next?

We can see how the typical ‘investor’ would be angry; having believed the hype about silver’s imminent ‘hyperinflation’ launch.

Pontificating hype like, silver’s going to ‘catch up’ with gold, ‘go along for the ride’, ‘close the gap’, massive ‘physical demand’.

Well, this so–called ‘launch’ (so far), is not only not happening, but appears to be in a bearish divergence downside reversal … What???

Setting The Stage

From the recent high set on October 22-nd, to the close on Friday, Silver (SLV) is down -13.3%, a decent hit, but not quite a wipe-out, yet.

Putting that brief opportunity in perspective, during the same period 2X Inverse Fund ZSL, is up over 31.5%.

For a clue on what might be coming next, we’ll go to this anecdote, link here.

The so-called ‘environmentalists’ don’t even believe their own hype.

Not only that, if we’re already in an economic collapse, then silver, an industrial metal, is subject to the same forces.

Pulling Back The Curtain

If or when the new administration takes office (January 20th, is a long way away), we can expect a lot of truth (but not all of it) to come out.

That’s already starting, with the blow-up in biotech.

Random Thought: Wasn’t the dollar supposed to collapse by now? But, I digress.

Lets’ get back to silver (SLV), and what the price action is telling us.

Silver SLV, Weekly

With the situation below, what’s the most likely event for the coming week?

We’ve had four down-weeks in a row. Price action’s at the wedge boundary (blue line) and minor support (black dashed line).

Last week was a narrow range bar with less overall volume than the week prior.

Therefore, the most likely event, is an attempt to retrace the prior four weeks of down action (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Gold … Measured Moves

October 19, 2024 By in Charles Hugh Smith, GLD, Gold & Silver, Gold Miners, Gold Production, Speck-Effect, Statista, The Speck Tags: , , ,

Is This … ‘Inflation?‘

Is gold rising because of ‘inflation’ or just another market going through pattern-influenced moves?

Maybe there’s something else, something no-one talks about.

As far as known, the following insight (first discussed here) is exclusive:

Since 2020, world-wide gold output is declining; output for 2023, down over 9%, since 2019, link here.

Could this be a clue? Full article is here.

Well, enough of the truth.

Let’s get back to our fantasy world; the highly simplistic excuse that gold’s responding to ‘massive inflation’ and ‘money printing’.

Gold GLD, Monthly

One wedge, with its target already reached.

There’s another potential wedge (not advice, not a recommendation).

Since futures are trading about $200/oz. higher than GLD (at 1/10 oz. pricing), the second measured move if reached, corresponds to about $3,300/oz. (not advice, not a recommendation).

Stay Tuned

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Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279

Silver’s ‘Measured Move’

October 13, 2024 By in Gold & Silver, SLV Tags: , , , ,

Bullish & Bearish

For the past six months, the overall strategic assessment of silver has been consistent; sideways to bearish.

Stategic, because there are always opportunities for bulls and bears if your timeframe is short enough.

Six months ago in May, the high for silver SLV, was 29.56. So far this month, the high is 30.01, a +1.52% difference.

Not exactly ‘sideways’ but as we’ll see below, it’s potentially bearish (not advice, not a recommendation).

Silver SLV, Weekly

The measured move, discussed back in May, link here.

Back then, at the link above was this:

“The coming week could see SLV, inch its way higher to the measured move or continue the testing (possibly, reversal) action it started last week.“

Well, it took SLV, nineteen-weeks to ‘inch its way higher’ to just tap the measured move target.

All of which brings us to the next chart.

If the wedge is in-effect and SLV breaks down, depending on location, SLV, target could be in the vicinity of 20 – 22 area (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279