SI
SI
discoversearch

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: Cogito Ergo Sum who wrote (171881)5/17/2021 5:51:40 PM
From: sense  Read Replies (1) | Respond to of 218885
 
Silver back up over $28 today... mid month... so its not an options expiry trade... ?

No one is saying it... but it appears that the suppression has been ended... which is now pairing up with the impacts of the changes coming under the Basel accords... for which further any delay has been rejected. If that's true... we'll see a replay of the bull market that was articially ended in 2011... when the Basel can last got kicked down the road...

I noted that influence the other day as "PM shares behaving like others"...

Today, we saw a down market... with PM shares doing quite well...

The "inflation trade" is catching a bid... and becoming a rotation trade... ?

As you are, people will remain suspicious after a decade of being trained into correctly expecting that every time it looks like the PM's and shares are going to catch a bid... you know that change in trend will immediately get whacked... if only after sufficient time to succeed in suckering you in.

I've also noted the banks have been using the suppression in frontrunning this trade since 2008... so its not that the banks are being hurt by this... ? They've had since 2011 to get ready for it again ?

I also noted that inflation is not "transitory"... but is what they want to foster as the point of policy now... even if they can't say that. When it "gets out of hand" they'll pull out the "aw shucks" routine... and pretend to try to do something more about it... and, aw shucks, fail again ?

Would you rather sustain the inflation to a natural end point... or "adjust the currencies"... with a "revaluation event"... relative to gold and silver...? Avoiding labelling it as a devaluation... will need some creativity... which they've had a lot of time to plan for... so expect some "event" that comes paired with a pre-planned dog and pony show to explain why "we have no choice" ? Maybe as easy as "the BIS did it"... finally explained, after the fact... of the June 21st partial implementation ?

I don't think that will happen... without a couple more strong days in the PM trade...

Is the PM ttrade what is headlining the nightly news... yet ?

Perhaps worth considering Musk's recent inputs as those of a "team player"... while considering how crypto's might have helped the banks in their Basel prep ? Evidence of a roatation trade from cryptos into PMs ? I see people saying that's happening. Don't know how you could validate it...

I sound pretty suckered in now... even to me... which is why I've not gone all in... and have fully hedged... ?

If its a ploy... I want to make money on the rug being pulled out from under... again...

But, my head says... this is the trade you've been waiting for... and its still early... which is still not a reason to buy at the highs on good days in the market... rather than "wait for it" with an eye on relative position on the charts for those you want... or an eye on those obvious laggards that have nothing wrong with them... but just haven't joined in yet, etc...

I don't think you've missed it... Probably have a year or two yet to go... with some corrections along the way... but obviously not that today...

We'll see what happens tomorow...

The thing to watch here... is silver tracking up and bumping into to $30...

"They" say that's the threshold at which the fun really begins... with silver over $30... the PM's start to go vertical...

So, perhaps, expecting some resistance at or before that point... is common sense.