OK!
You take [SLV]. I'll take [$GOLD]!
How many shares?
Need to wait till they get oversold. RE--> Slow Sto.
Spaf
Check out the excellent channel.
http://stockcharts.com/h-sc/ui?s=SLV...d=p51972347693
Wanna play?
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
OK!
You take [SLV]. I'll take [$GOLD]!
How many shares?
Need to wait till they get oversold. RE--> Slow Sto.
Spaf
I already bought the SLV right after the Slow broke 20. Also try GLD for gold, a good friend of mine at work saw a report where GLD will go to $750 in a very few months.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Up another 1% today. Spot silver 24 hour chart.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Still holding.
Why Silver And Not Gold?
As you know I've been long silver as of Tuesday and you can read about the reasons why I am bullish by clicking here.
Since Tuesday silver has rallied sharply and I am still holding onto my long position.
I've received a few emails asking why I seem to be more bullish on silver than on gold. Well first of all let me say that I think both gold and silver will rally but I think silver will be the metal that rallies the most.
If you look at the above chart you will see a 4 year weekly chart of the silver/gold ratio. A rising ratio line means silver is outperforming gold while a falling ratio line means silver is under performing gold.
In the lower pane is the stochastic oscillator. Every time this oscillator has moved below the buy line and turned up, silver has outperformed gold. This indicator has been 100% correct over the last 4 years on it's buy signals which I think is amazing.
Right now the stochastic oscillator has crossed upwards confirming yet another buy signal. So as you can see, the above chart is the reason why I am more bullish on silver than on gold. I'm looking for this ratio to make new highs. I hope this clears things up..We'll see in the weeks to come if this analysis is indeed correct.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Down 5% on the old silver. Getting bored with it now, but I will continue to hold it because I'm addicted to silver and have a very, very small position.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
I forgot to post that I sold the SLV for a 3% lose. No big deal, there are just better places to go with that money. Silver and Gold have not been gain even thou the dollar has weakened. That perplexes me some what or I just jumped ship to early.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Well aint that a fine how do ya do! SLV up 2.3%!
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
There is a lot more to this article but it is huge.
SPENDING LIKE A DRUNKEN SAILOR
by Howard Ruff
Also, remember that most of the easy shallow silver has been mined over
the centuries, even with primitive methods, and the silver deposits are
still being depleted. For example, during the Roman millennium, silver
coins were used for currency, so the Romans, after they conquered
Spain, expropriated the large Spanish silver mines so they could use
the silver for their own coins. They soon depleted the shallow mines,
so they began to counterfeit their own currency, mixing silver with
base metals, making the coins thinner, or clipping the corners.
As the mines were further depleted, it got worse and worse until the
citizens began to distrust the currency, demanding more and more of it
in exchange for their goods and services, causing a great inflation.
Soon, the far-flung Roman Legions refused to accept the less-and-less
valuable coins at face value for their pay, and began deserting in
droves. This inflation was one of the root causes of the fall of the
Roman Empire-all because they counterfeited the currency.
Now, silver industrial applications have soared into the thousands, and
there are few satisfactory substitutes in sight. New silver mines are
getting harder and more expensive to find, and supply is falling
farther and farther short of demand. One expert claims that the deeper
you go into the ground, the less silver there is.
Both metals are far rarer than most people know. All the gold ever
mined since the dawn of history, including that in central banks, gold
fillings and sunken shipwrecks in the Caribbean, would cover a football
field about four feet deep. And, demand is now leaping past new
supplies.
China and India are enjoying a historic burst of capitalist prosperity,
and their booming new middle class is enthusiastically buying gold and
silver jewellery, creating soaring new demand! Silver use is incredible
and rising! The thousands of irreplaceable silver industrial uses,
partially accounts for the shrinking inventory. Government silver
warehouses are now all empty, and COMEX futures positions, much of
which must be covered eventually by deliveries or purchases, are
estimated to be equal to or greater than all new production!
Silver is the poor man's gold. Think of gold as large denomination
money, and silver as small change. A one-ounce gold coin now costs only
about US$650, and you can buy a roll of pre-1965, 90 percent-silver
dimes for close to US$50 a roll. Partly because it is so much cheaper
that the potential buying pool is much larger, and industrial use is so
much greater, silver will be more profitable than gold by at least 100
percent!
And there's more to come.
Regards,
Howard Ruff
for The Daily Reckoning
Editor's Note: Howard Ruff has been the Editor and Publisher of the
award-winning financial newsletter, The Ruff Times, for 32 years, and
wrote the biggest selling financial book in history in the '70s (2.6
million copies) which was a major factor in helping to create the great
gold and silver bull market of the '70s. You can get a copy of his
latest book, Ruff's Little Book of Big Fortunes in Gold and Silver on
his website at:
http://draustralia.c.topica.com/maag8nyabz0a9bJhMSdbafpTkF/
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
http://stockcharts.com/h-sc/ui?s=SLV...d=p64165249185
SLV is at a major convergence of support.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Silver is getting pounded OS and I don't know why. I hope it is the flush before the rally.
http://www.kitco.com/charts/livesilver.html
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
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