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  • 4 weeks later...
  • 4 weeks later...

The always Bullish Bo is... ah, still bullish

 

AHEAD: $100 Silver, $10,000 Gold | Bo Polny

 

Silver then was $19.23 (late July.) On Friday, it closed at $18.75

Back then, he expected Silver to break $22 (it did not), and then "go vertcal".

 

Silver_zpsyyeppfzz.png

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  • 7 months later...

Silver is rolling over, headed towards $16 or less*, within 2-3 months (if the cycle works)

 

*I think SLV could bottom just below $15 in about 6-8 weeks

 

SLV / Silver etf - trades at about XX% of Silver

 

SLV charts: All-data : 5-yrs : 2-yrs : 6-mo : 10d // Futures : Weekly : Daily

/ Last: $16.68 - 4/25/2017 : old chart :

SLV-all_zpsjvzstobo.gif

 

SLV vs SLW (Silver Wheaton) ... update - Cycle bottoms when SLW gets relatively cheap

SLV-vsSLW_zpsoi57vgdy.gif

 

SLV -to- Gold Ratio - a narrowing may signal a Low

SLV-toGLD_zps4f4sg1ee.png

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  • 2 weeks later...

Tony C on Gold (& silver?) : A "C" high is likely in place

 

Silver is at a critical point too.

If SLV breaks yesterday's low (near $15.50), it may decline quickly, and could even retest the $xx Lows

 

SLV / Silver etf ... update

slv_zpshievegnr.gif

=====

Tony,
On the daily gold chart, what would be the prerequisite to update April gold high as a C wave?
Thank you,

 

It’s Patrick’s chart, but I’d give it a tentative C

That’s what I’m thinking, too. Gold has to smash up furiously or its done.
Thank you, Tony.

==

> https://caldaro.wordpress.com/2017/05/03/wednesday-update-594/

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  • 7 months later...
  • 4 months later...

GOLD & Silver Poised?  Maybe

Silver shares / SIL: Global X Silver Miners

OUnWvTQ.png

SIL- etc ... update

Nu8j9EX.gif

 

GOLD READY FOR HUGE RUN HIGHER - Keith Neumeyer

Silver is cheap:

GOLD- to- Silver Ratio is over 80:1

qi5qCs9.png

SIL (silver shares) look Cheap relative to GDXJ (Junior Gold shares):

Ratio: SIL -to-GDXJ

QE8PR4Q.png

==

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  • 1 month later...

SIL / Global X Silver Miners ETF vs SLV / Silver etf

SIL vs SLV ... 2yr : 1yr : 6mo : From 12/6/17 ... SIL-$30.55 / SLV-$15.70

24xazLV.gif

Ratio : SIL -to-SLV is "stuck" near 2.0 (but could break out again): SIL-$30.55 / SLV-$15.70 = R 1.945

nEu2mdU.png

==

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SLV & SIL-etc : 5d : 10d : 2mo : 6mo : SIL-$30.21 /SLV-$15.78  = Ratio: 1.914 - cheap compared to r-2.00 !

yHzr3Zy.gif

SIL - Global X Silver miners etf - Top 5  : 5yr : 2yr : 6mo : 10d 5d / Last: $30.21 -0.31 : - 1.02%

bAWgsCK.gif

FRES.L / Fresnillo PLC : 5yr : 2yr : 6mo : 10d / Last: GBP 1,216 - 83 : -6.39% : vol. 2.78 million

jfeqJN2.gif

08/6/2018:
14:48
It seems JP Morgan have reduced their price target for FRES from 1400 to 1350. HTtps://www.morningstar.co.uk/uk/news/AN_1528451335662437800/winners--losers-summary-standard-life-down-as-lloyds-exits-holding.aspx They have done the same to HOC which has fallen in the same way.

Top 5 Holdings : Charts: 10d 5d : Top 10 : Full Holdings (.csv) :

As of 6/7/18
Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($)
12.60 Poly.L / POLYMETAL INTL 8.91 6,034,946 53,770,653.00
12.43 WPM  / WHEATON PREC MET  22.03 2,407,875 53,045,486.25
11.73 kr:010130  / KOREA ZINC CO 403.16 124,165 50,058,570.69
11.67 Fres.L / FRESNILLO PLC 17.43 2,857,073 49,800,571.99
5.08 Paas   / PAN AMER. SILVER 17.77 1,218,877 21,659,444.29

53.51%

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Silver To Climb 11% In Next Three Months - German-Based Research Firm Kitco News

. . . Silver is likely to reach $18.50 an ounce in third quarter of 2018, and maybe even hit 2016 highs of $21.50 an ounce by the four quarter, based on a combination of technical, sentiment, seasonal, and fundamental factors.

bczDs4k.png

The white metal is undervalued at current price levels and is expected to become one of the best performing assets, making it an ideal contrarian investment, according to Florian Grummes, analyst at Midas Touch Consulting in a recent report. He added that despite gold's recent plunge, silver still has a lot of room to catch up with the yellow metal.

In his latest report, Grummes said, "Especially as I expect a breakout in gold above 1,350 USD, silver has a lot of room to catch up with gold. The gold/silver ratio still trades just shy below 80 and remains far away from its long-term mean of around 65-67."

Grummes said that extremely low volatility in silver prices indicates a "market where neither speculation nor mainstream interest is apparent." Silver has been trading sideways the past three months. Technical analysis indicates that it has been trading in the narrowest range since 2002 when looking at Bollinger Bands, which could indicate a return of volatility soon, said Grummes.

Looking at traders' sentiment, Grummes sees the latest Commitment of Traders Report numbers as bullish. As of May 29, the cumulated commercial short positions was 35,297 contracts when silver closed at $16.36 an ounce.

"Usually a perfect contrarian setup is found when commercial hedgers hold less than 10,000 short contracts in the silver futures market. With the current 35,297 short contracts, a final sell off in silver is still possible in the coming weeks," he said.

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  • 3 weeks later...

SIL / Global X Silver Miners ETF

Weekly ... All : 10-yr : 5-yr :

YST65XO.gif

Fresnillo / FRES.L - World's Largest Silver Miner ... update :

i6TrYdl.gif

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  • 6 months later...

SILVER to DBA cycle - may be headed to 95% - Silver to $17.70

Ratio with cycle overlay : SLV / Silver ($14.42) to DBA ($16.97) = r-85% / Target: 9%, maybe March

4EWA3vf.png

DBA---- : x 95% - : x 106.5%

$16.50: $15.675 : $16.694 :
$17.00: $16.150 : $17.200 :
$17.50: $16.625 : $17.706 : Preferred case /$15.44 today: +14.7% by March
$18.00: $17.100 : $18.211 :
======

SLV / Silver etf ... chart : Note - these kind of very precise targets rarely work out - will need revisiting

JuW7Ya9.gif

==

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  • 1 month later...
  • 2 months later...

Make Silver shares great again - with MAG & other Silver stocks

MAG Silver .... update / Last: $10.17 +0.84, +9.00%

UHrWYJq.gif

SIL / etf for Silver shares ... update / Last: $24.76 +$0.72, +3.00%  / SLV: $14.10 +0.71%

5iF3pPa.gif

Ratio: SIL -to-SLV : xx

7Eu7Mgt.png

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SILVER Prices

Long term

ndUtH7C.png

Daily

wHlCX5J.png

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  • 4 weeks later...

DBA - Agriculture Fund -vs SLV / Silver ...fr.,mid-2013 : jul-2016 : $13.46 -0.19 / $16.53 +0.26 = r-81.4%

kP6C5Wr.gif

: jul-2016 /

inFmUG0.gif

Ratio:

mxOSIEF.png

Oversold Bounce in Silver due immediately possibly?

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I have been too early on the silver trade.

They are both cheap now: both SLV and SIL,  Use calls, in case the timing is wrong

I have also looked at calls on the leverage AGQ.  But they were illiquid

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SLV might have made a Low this week

- but the Up channel is less convincing than the Down channel

SLV -vs-GLD ... update :

mbRzqKU.gif

more lines

P74SOih.gif

THIS could work too - suggesting more downside

x5a72wm.gif

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  • 6 months later...

Gold's SIDEWAYS correction may be nearly over... Silver looks Good as Gold, maybe better

f1UrrFf.png

GLD / Gold ... 10yrL: 5yr: ... Last: $139.05 +0.62

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SLV / Silver ... 10yrL: 5yr: ... Last: $15.84 - 0.01

OKU16JM.gif

SLV - Weekly : Daily - 1 year ... $15.84

2wtjk4g.gif

SLV - Weekly : Daily - 1 year ... $15.84

3LmaQuB.gif

RATIO: Gold-toSilver :  $1481 / $17.01 = 87.07x

lDT3rHl.png

RATIO: SLV-toGLD : 11.4%

vL6BuVs.png

==

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  • 2 weeks later...
On ‎12‎/‎16‎/‎2019 at 9:53 AM, hector said:

Fully loaded in UK silver miner Fresnillo. After falling out of FTSE100 it's definitely bottomed.

Hmm, I'm looking for smaller plays myself.

Seen Impact Silver flagged up on TSX. I've always been a fan of Great Panther when following silver upside and it's underperformed, whilst MAG silver can go on speed when in a bull market; just throwing a few names out I'm tracking now.

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