Is It Time For Silver?

Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.

  1. EdThelorax

    EdThelorax Well-Known Member

    Those who don't know their history are doomed to repeat it.

    From 1993 to 1998 The S&P500 over doubled.
    From 1993 to 1998 Silver over doubled.

    From 2003 to 2007 The S&P500 doubled from a low of 789 to 1576.
    From 2003 to 2007 silver went from just above $4 to over $20 or 5x and Gold tripled.

    From 2008 to 2011 the S&P500 doubled.
    From 2008 to 2011 silver went from $8.50 to $50 or 6x.

    I will be happy when silver goes to $75 - $90 in 2023.
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    And from 2011 to present?
     
  4. FryDaddyJr

    FryDaddyJr Junior Member

    silver isn't 50 dollars. but stocks bought then haven't lost much, most have gained a lot. silverbugs. LOL
     
  5. Derek2200

    Derek2200 Well-Known Member

    Silver making strong move last couple months - perhaps so.
     
  6. FryDaddyJr

    FryDaddyJr Junior Member

  7. itm389

    itm389 Member

    People that dont understand charting and technical analysis. LOL
     
  8. myownprivy

    myownprivy Well-Known Member

    You must be someone who made millions buying and selling PMs, since you understand those charts so well, huh? Or, no, you just sit on the sidelines and jump for joy when your stack of PMs goes up $250?

    Look, you silver- and goldbugs can talk all day about "what you understand," but my questions is: if you understand and can predict these fluctuations so well because of "technical analysis" and "charting," why have you not put in boatloads of money into PMs and gotten rich?
     
    FryDaddyJr likes this.
  9. itm389

    itm389 Member

    What I dont understand is why people get so butt hurt about people showing charts and using technical terms with charting...why all the hate? I for one have made money from Pm's, yes, gotten rich, no. There are people that have made millions using charting and ta and have gotten rich. How do you think the markets work? You guys act all smug and think chating and TA is all hocus pocus magical voodoo crap...dont get it. Maybe educate yourselves how the markets move and maybe you can make some money.
     
  10. myownprivy

    myownprivy Well-Known Member

    Have you also been abducted by aliens? Do you think fluoride is bad for you? What about vaccines, do you think they cause autism? Do you believe in "chem trails?" Was 9/11 an inside job? Do you think GMOs are bad for you? Do you spend extra money on organic produce because you think infinitely tiny traces of pesticides are bad for you? Do you believe bigfoot exists? How about the Loch Ness Monster?

    If you answered yes to any of those, you are at least slightly nutty. Depending on how many yeses you give, that will tell us how crazy you actually are.
     
    FryDaddyJr likes this.
  11. itm389

    itm389 Member

    This proves my point exactly...you are the only crazy person here judging by your response to my post.

    Honestly though do you really think TA and charting is Edited Do you think the markets move just by some magical force that makes the price change direction at a random price level? Come on man. People buying and selling at specific price levels moves markets. More buyers price moves up, more sellers price falls. Where do they find these specific price levels? They use TA and charts...
     
    Last edited by a moderator: Sep 2, 2019
  12. myownprivy

    myownprivy Well-Known Member

    I'm not disagreeing with you that people make their decisions based on those factors. I am disagreeing with you that it is a wise idea to do so.

     
    Last edited by a moderator: Sep 2, 2019
  13. itm389

    itm389 Member

    Yes it is unwise if you dont know what you're doing, just like anything else in life.
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    And that seems to be the true key to individual technical traders (as opposed to millisecond-scale automated traders): the notion that "I know what I'm doing, and hardly anyone else does, so I can profit ahead of the market".

    The problem: having faith that you've got superior knowledge is a lot easier than getting superior knowledge.
     
  15. EdThelorax

    EdThelorax Well-Known Member

    2011 up until now the S&P500 tripled while silver lost 2/3.
    My point was that there is not always a direct correlation.

    When silver out-performs the stock market represented by the S&P500 can be shown much easier with this chart. When the ratio SPX/XAG goes up stocks are better, when it goes down silver is better.

    You can see that the ratio has broken below the supporting trendline. This is a sign that a turn in favor of silver has occurred. The first chart has what is called a Fibonacci retracement tool which shows that the ratio has retraced 61.8% of the way back up to the 2000 high. 61.8 comes from the golden ratio and is one of the stronger retraces. .382 and .500 being the other 2 strongest.

    The fact that the ratio is now below it's high of 307 in 2000 says that over all, you would be better off now if you had put money in silver in 2000 VS stocks. (about 500% for silver vs 200% for stocks. (obviously not taking dividends into consideration)

    [​IMG]

    The shorter timeframe chart shows what is called a double top, which technically isn't a valid pattern until the low between the 2 highs (purple line at 156) is broken. Similar to the the double bottom of 2011. If it does break the purple the target is 112 shown by the lower pink dotted line. This is also a 50% retrace of the move up from the 2011 low. The more indicators that align, the more likely the projection is to come to pass. Also of note is the blue moving average 50 day crossed below the 200 day in red. This is called a "death cross" and is another signal of a change in trend to the downside.

    [​IMG]

    You can see the breakdown and re-test of the lower orange support trendline.
    [​IMG]


    Knowing when to switch out of one asset class into another can be very valuable information.
     
  16. EdThelorax

    EdThelorax Well-Known Member

    I never had boatloads of money to put into the market. I did manage to take enough out of what I made 2002-8 to buy a house with cash. I only had a tiny bit left and put it into EXK which made me 1000% by 2011 which I pulled out to buy a rental.
    I got back into mining stocks in 2016 but not enough to make any real difference.
    Fortunately, I met people that shared their knowledge about cryptocurrency early in 2017 and the grand I put in allowed me to take out about 10 times that which I bought physical with and still have 5 left in crypto (not bitcoin). I probably should put all of what I have outside of stocks into miners but I like my shiny, I know a little about crypto and want some diversity.
     
  17. EdThelorax

    EdThelorax Well-Known Member

    Fluoride is 100% without a doubt a neurotoxin. That is why there is a warning to contact poison control if more than is used for brushing is ingested.

    Monsanto lost a lawsuit because their Roundup has been shown to cause cancer.
     
  18. itm389

    itm389 Member

    This is a subject that should be in Partisanlines.com, not here. Thanks
     
    Last edited by a moderator: Sep 2, 2019
  19. myownprivy

    myownprivy Well-Known Member

    hahahahahahahahahahahahahhahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahah! OH MY GOD, of course you do. Of course you do. Thanks for proving my point!


    Edited
     
    Last edited by a moderator: Sep 2, 2019
  20. EdThelorax

    EdThelorax Well-Known Member

    I too wonder why so many are against the sharing of knowledge.
    Just because one does not understand, does not give them the right to try to prevent those that do understand, from sharing with anyone willing to learn.
    I guess that is the beauty of free speech. You are free to have an opinion and express it, right or wrong.

    I had my website built so I could share some of what I have learned. I do not charge anything for it. I do not have ads because it isn't about trying to profit from my sharing a bit of what I have learned. Also, I hate ads.

    Some may think I do all of that and take the time to post here in order to push some agenda or cause a change in the market in favor of my investments. There is nothing more I can do or say to show that that is not the case.
     
    -jeffB likes this.
  21. itm389

    itm389 Member

    Stop this line of posting. Move it to Partisanlines.com.
     
    Last edited by a moderator: Sep 2, 2019
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