Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169278)	3/8/2021 5:36:11 PM
From: sense	Read Replies (2) \| Respond to of 217747

A long post on charts of gold, silver and the market... as a reply... Bottom line is my mantra... "wait for it". When gold and silver do bottom... maybe still two weeks away given a rosy scenario... they will likely sustain a bull market for the next three to four years... but making certain you are at a bottom before going all in... is worth it... when risks are so high. There may be a big drop before the pop... reducing the value of effort made timing a bottom right now... if price is really much closer to a top now... than the final bottom... as the weekly charts suggest is true. Weekly charts have price falling down to and through the rising moving averages, rather than prices coming off the lows and rising up through the moving averages as they fall... making it hard to call this a bottom, like that call easily made in March 2020, rather than a top. So, weekly charts say we're nearer a top than a bottom in price... while also suggesting we will see a bottom made soon... The only path that enables that chart to be telling the truth... without some interesting indicator wiggles in the short term... is for a market crash to lower the price dramatically in a short time... Is that potential consistent with any other indicators in the market ? Sure it is... which isn't a prediction... but an element of awareness in risks... easily avoided by waiting for it... Gold and silver have questions that oil does not... because oil is a strictly industrial item... a solid proxy for economic activity... without the monetary manipulation aspect of gold and silver... but also still dependent on the market remaining optimistic about the future... while providing adequate insulation from inflation. The end of the plague plaguing us now... "soon"... gives reason to be optimistic... more if "the world" follows China's trajectory... but it may not... and the market might have front-run that potential a bit too much... given the many issues predating the virus, only masked by it, that have not been resolved. The spike in the ten year note... the market watching while the new pit crew dropped the lug nuts... says the wheels might be more likely to come off soon... while the risk the new crew might not be able to put them back on seems much higher... The ten year issue is resolved with "directed demand' applied to shore the breach... leaving questions unaddressed... not asked... in the origin of the focused "buyers strike"... Lots of other under-currents... not all positive... mostly negative... future inflation, yes... but maybe the economy will implode to forestall that risk emerging... rather than having it be realized in a way that drives inflation and metals prices higher first ? Will gold benefit as a safety valve if the wheels explode ? Insert inflation vs deflation arguments here... and insert hyperinflation vs accelerated entry into a deflationary depression here... and insert "crackup-boom" scenarios here... then choose one ? Are there any better choices we might make instead ? Wait for June 21st to find out ?