silverharp

Silver will turn with the dollar, the chart below from Daneric's blog , look very similar to CC's Gold/Silver chart except it has already hit the trandline. I'd like to see a test of the dollar if we had a low this week.

http://3.bp.blogspot.com/_TwUS3GyHKsQ/TLdt...1600/dolalr.png

As for price levels wouldnt 26ish be the 50% retracement from the high in 1980?

this is not bad as a cover

From:

Beatles 3000

is the gold/silver ratio breaking out today, it looked like it on GLD/SLV

Silver is done for now, unless you think gold is going to a new high soon

Not that I wouldnt like to see the H&S work but it seems too obvious, there has been a lot of articles on it recently

I think you are totally wrong on that. When gold performs well, silver performs better, as the gold price goes up the GSR will come down.

 

Call me an optimist, time will tell.

I'm looking for a top in here for a bit 950-960 , so resistance here might turn the ratio around as well. As for the levered effects of silver I'll agree on the downside, but between 08->09 silver is underperforming gold on the upside

My target then is $18.50. Seems to have rebuffed the slide in the stock markets and oil quite well. Showing strength.

wow, silverbugs are optimists , I'd say the best of the GSR is behind us , gold should outperform silver going forward

i listened to the 3rd hour - part 2 of the big picture earlier today and it clarified some details of the great depression for me, interestingly iirc, jim said that many commodities went up in price between 1933-37.

where and why does he think we are now? wouldnt it more like 1930 now?

given that gold is coming down from overbought the $846 level is critical. if it breaks though that in the next week or so it will not be good for gold, if it holds then it maybe an intermediate bottom. Interesting to see if oil breaks down from here and the effect on gold as oil didn't do much for gold on the way up recently

personally I'd like to see gold get a good trashing here as I could not see myself buying it at $850-$900 at the moment. I think I would only be interested in buying at the $750 range.

http://futures.tradingcharts.com/cotcharts/SI

clearer chart here but you will have to reset details

http://timingcharts.com/index.php

the COT is not looking good, the commercials are really short now

maybe this is where the bob hoye analysis is encouraging. if other commodities fall faster or rise slower the gold then mining costs for gold go down in real terms. imagine the opposite, 150 dollar oil means every truck in canada will head for the tar sands

The real innovation would be in submarines, not cars. The fact that it has not happened is to my mind the strongest evidence that the various permutations we are now seeing are just variations on a theme, rather than real progress.

there have been developments in fly by wire etc. which in theory should make an electric car more efficient/lighter now then say 20 years ago.

One thought I had about this was to average in using mini futures which are a fraction of the contract. I don't know much about them but even I wouldn't mind buying 10K worth of oil for 2012 on the basis of it being a personal hedge. the margin element wouldn't keep me awake at night, could even pay the 10K upfront which I assume would cut the borrowing costs on the contract.

Haven't had a chance to read that yet, Silver, but will do.

 

Meanwhile here is an excellent interview with Jim Dines which we would all do well to listen to.

 

http://www.streetiq.com/dir/MVTVBOB.shtml

Thanks for that, he puts a good case for Uranium. Seems like it would be worth singing up and buying the 10 stocks. What put me off before was an interview I heard by Paul van Eden, he is not bullish on the sector and reckons that as U goes up in price it can be enriched in such a way as to make the U go much longer pound for pound. However if oil goes to $200 then people will panic buy these stocks

(posted again as not logged in)

http://www.321energy.com/editorials/hoye/hoye102206.html

Anyone been looking at this area recently, I posted a link with some suggested targets. One company Tournigan TVC.V sprang to mind as I believe Sprott asset managment had them as a pick over the summer, any info?

I was looking at the COT for silver and it looks bullish in my opinion, the commercial shorts were low compared to previous months which implies that they expect silver to go higher. Interesting to see what happens.

I used to read Teds stuff all the time, and there were some good short term gains to had for the past couple of years as the tech funds would bid the price of silver up and then the commercials would heavily sell.

In that article I don't like his logic about silver being rarer then gold, in my mind one can't compare the store of a consumption metal to the store of a hoarded metal.

Realisically silver will never be a money metal again, even if it increased by 10 times, it would still be too heavy to skip town with ;-)

at the moment I am equally weighted in gold and silver, but if the ratio ever got to 15/1 I would switch over to gold. My view is that silver would be crushed in a serious deflation and even in a recession it would get pulled down as a commodity. What bothers me about silver is that a large % of silver demand is silverware/jewellary which is a flaky underpinning in a downturn. The Photo use bothers me as well as demand falls, processor stock will get released to the market.

That being said there is a potential for a silver spike and in a downturn supply could fall faster then supply as most silver is a byproduct of copper etc. A conservative PM allocation might be 10% silver and 90% gold.