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  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

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  • Comparing the currencies is like picking the prettiest horse in the glue factory. The history of all fiat currencies shows they all end up being valueless. Gold’s nobody else’s liability and it has no counterparty risk. It’s provided protection against destruction of wealth for centuries and we’re at the cusp of another major chapter in its illustrious history.

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Silver

silver4Updated Dec 4, 2018 - the 2017/18 Silver production of the world's 4 biggest Silver mines has fallen by 50%


This action explains the HUGE FLAG in formation:"The Chinese are divesting out of paper right now.  So we are seeing a huge uptick in euro physical silver purchases, as well as dollar silver purchases.  When silver took out $33, a huge amount of physical orders were filled. The Chinese are doing the exact same thing in the silver market that they are doing in the gold market, massive accumulation on dips (visible on the candle charts below).  It is also important to note that the local traders in silver are short and nervous.  Everyone is short silver and so that market can move violently higher when it turns. When silver reverses, it will be the one that leads the market higher.  Also, the commercials have been covering in silver the same way they have been in gold...."

Never fall in love with your investments and be aware the Gold Pool [Banksters, Authorities] will do everything it can to scare you out of your Silver stocks.

SILVER

Silver pf3
Silver - with PF Targets
Bullish objective $ 48 - $ 62 - $ 85 - $ 145
Resistance $18.80 - $22 - $35 - $44
Major Support $ 14.50
Bearish Objective  $ 14.00
Technical pattern SCREAMING BUY & W-Bottom

The Silver market is tiny. About 700 million oz. of silver are mined each year worldwide. About 200 million oz. recycled. About 100 million oz. from "other" sources, like governments. That's the supply side. At $20/oz.,this is a $20 billion annual market.

$-Silver long term price objective click here for more target-charts


Silver is in a process of digesting the 1981 $30 - $48 top pattern.
After digestion, this zone will become a LONG TERM support zone.

Click here for HISTORIC SILVER

[Most Recent Quotes from www.kitco.com]

  • JPMorgan holds $ 19bn of derivatives but there is only $1bn of silver stock available!?
  • The purchasing power of 1 kg Silver is held by a Gold coin of 1 ounce.
  • Silver is TECHNICALLY a SCREAMING BUY!
  • Silver is often in backwardation
  • Silver and Gold have a pattern of Tops during late Spring, a correction and a short term bottom during the Summer.
  • Our Gold/Silver ratio has tilted in favor of GOLD
  • Historically Silver corrections average 40% . Looking at our PF chart and worst case scenario a correction of 30% is possible without harming the bullish trend channel. Looking at our Silver/Gold ratio we prefer GOLD to SILVER for the time being (March 2011).
  • There is a disconnect between the Futures market (paper market) and physical market for Silver.
  • Those who buy Silver ETF's and Silver contracts, can as well keep the paper money they have...almost the same: if you buy Silver, you MUST request physical delivery. All those playing the paper products are sure of one thing. Even if the market fluctuations don't take it away they will eventually lose it al
  • premiums on silver coins keep rising....(Nov'18)

SLV ETF strip story: Break away gap and BUY signal confirms the bear trap [SLV is an ETF & should not be bought as an investment !] -

SLV candle2 SLV candle3 SLV candle1 SLV pf1 SLV pf2
Dec 4: Screaming BUY
Dec 4: LT support
Dec 4:  Buy
W-Bottom/bullish wedge
Aug 28, 2017:PF Targets

 Halfway bottom consolidation - medium term target is $48   - Long term target is $145 !

Silver pf1

Short candle Chart comment
Silver candle1
  • Jan 5, 2016: more bullish technicals - see short candle.
  • Feb 1 : BULLISH SAUCER formation
  • Nov 1: Mature BULLISH TRIANGLE on Candle chart = STRONG BUY
  • Jan 4-Feb 17, 2017: fresh upleg + backtest completed
  • March 17: here we go...a screaming buy
  • Aug 9: indicators are BULLISH...if you don't buy Silver NOW, you're crazy!
  • Nov 2-22 - Dec 20: LIFTOFF...
  • Jan 13, 2018: Screaming Buy
  • Jan 16 - Feb 12 - Mar 24 - Apr 13: BUY the 2nd leg (see short candle) - Target is $ 18.60
  • June 6-25: SQUEEZED BOLLINGER bands point to imminent important action.
  • July 17 - Aug 13: June-August mid year cyclic low & trend reversal. The CYCLES are clearly visible and marked on the Long Candles!
  • Aug 15-17: SELL-OFF-CLIMAX + W-Bottom + Bullish divergency
  • Sep 4 - Oct 2 - Nov 5: CRITICAL level + Strong Support!
  • Dec 4: mind the RISING VOLUME (candle2) = Bullish!
Long term candle
SILVER candle2

 

The Bearish Triangle is now a Bullish Flag. The formation which is being formed at this time will propel Silver to about $88 . That is after the $48 has been broken to the upside and tested.

 

Silver LT Silver monthly SILVER monthLT
  click to enlarge...first chart was published in 2017!

Silver expressed in Euro

€-Silver
[Most Recent Quotes from www.kitco.com] Bullish objective € 46,5 - 48
Resistance € 18,80 - € 32
Support € 12.50
Bearish objective € 8
Technical pattern Breakout of halfway flag
SCREAMING BUY - W- BOTTOM

 

eSILVER pf1
Short term candle
Chart comment
eSILVER special1
  • Jan 4, 2016: Silver should be the BIGGEST winner of 2016!
  • Dec 6 - Dec 20: technically speaking , a PERFECT BUY TIMING!
  • Jan 4-Feb 17, 2017: BULL RUN + backtest completed
  • March 17: screaming BUY
  • August 9 - 28: if you don't buy Silver NOW, you're crazy!
  • Sep 5: resuming uptrend + super bullish BEAR TRAP
  • Jan 13 - Feb 12 - Mar 24 - Apr 13, 2018: Screaming Buy: mind the 2nd upleg
  • May 2 - June 29: SCREAMING BUY
  • July 17 - Aug 13: June-August mid year cyclic low & trend reversal. The CYCLES are clearly visible and marked on the Long Candles!
  • Aug 15 - Sep 4 - Oct 2 - Nov 5: SELL-OFF-CLIMAX + W-Bottom + Bullish divergency + heavy support on PF-chart
  • Dec 4: potential BEAR TRAP
Long term candle
eSilver candle2

 


Silver expressed in Swiss Franc -

  [Most Recent Quotes from www.kitco.com] Bullish Objective FS 42 - FS 54
Resistance FS 22 - FS 28 - FS 42
Support FS 13.50
Bearish Objective FS 10.2
Technical pattern Breakout of halfway flag
SCREAMING BUY & W-BOTTOM

 

CHFSilver pf1
Short term candle

Chart comment

CHFSilver candle1
    • Jan 4, 2016: Silver should be the BIGGEST winner of 2016!
    • June 4: end of BACKTEST, REVERSAL and BUY
    • August 13: Trading - Consolidation zone...the bigger the zone, the more power is accumulated...
    • Jan 4-Feb 17, 2017: fresh upleg + backtest completed
    • August 9 - 28: if you don't buy Silver NOW, you're crazy!
    • Jan 13 - Feb 12 - Mar 24 - Apr 13, 2018: Screaming Buy: mind the 2nd upleg
    • May 2 - June 29: SCREAMING BUY
    • July 17 - Aug 13: June-Aug mid year cyclic low & trend reversal. The CYCLES are clearly visible and marked on the Long Candles!
    • Aug 15 - Sep 4 - Oct 2 - Nov 5 - Dec 4: W-BOTTOM + Sell Climax
Long Term candle
CHFSilver candle2

 

A perfect technical picture we had. See the 2004 breakout out of a huge bullish triangle. The 20 year (1985/2004) resistance line has become a huge support. A first bull run is interrupted in 2008 when Lehman Bros collapse and we have a huge deleveraging. [Whether Lehman is to be blamed or not is another chapter]

During the Deleveraging action the BREAKOUT level is positively tested (indicating we now have a confirmed BULL TREND). After the test, Silver geysers up again to the top of its long term trend channel. Either Silver goes parabolic of it needs to consolidate sideward (I think the latter will happen).

For this reason I expect Gold to perform better this year than Silver. Silver is the poor man's gold. As long as people are insecure, as long as we sit we this Fiat paper money, Silver will be strong.We have a paradigm shift: what we live today, is not the ordinary recession like we lived during previous cycles. By now this should have become clear to most. The Crisis asks for extraordinary measures but also for extraordinary protection.

Silver is one way to insure your savings. It is a REAL ASSET, REAL MONEY. (the alternate is to buy Government bonds who yield nothing, keep your money into Bank accounts who yield nothing or stack it under your mattress where it will be inflated away). At this time Silver sits in a congestion zone....the bigger the zone the larger the subsequent run..

€ Silver month CHF Silver month
Price will go up when time is up..and Time is UP        (Nov 2017)
eSILVER special1 CHFSILVER special1


Updated March 15, 2010

$-Silver objective for Wave II is $ 42,50 - €-Silver objective for Wave II is € 35: Silver has finished the 1st Wave cycle 1,2,3,4,5 and the subsequent ABC correction. Logically, it will in the wake of Gold reverse and start its Wave II cycle. Objective is $ 42,50 or 5 times the low.

  • April story: Silver and Gold usually puts in a bottom in March and a top in April. March 18th we had a bottom for Gold. If one misses the March bottom, one usually has to wait for the Summer to see a fresh buying opportunity.

  • Silver moving averages have now also confirmed their Golden cross.

  • Gold and Silver mines are strong indicating higher prices for Gold and Silver are to come. As a matter of fact several Gold and Silver stocks have broken above their 200 day moving average.


Updated December 20, 2008

And while the “paper” Silver price was recently nominally taken down from just above $20/oz. to around $13/oz., it is increasingly hard to find physical Silver at any price. And if one can find it, one has to pay as much as $4 or so over spot, i.e. around $17/oz. on average. Such is the ludicrous result of living in an Interventional Universe.

Manipulation?...The least one can say, is that this is a weird happening.

Last week, widely regarded silver analyst Ted Butler, reported on recent developments during the July 1 – August 5, 2008 time period in the precious metals complex [specifically, open-interest data in COMEX futures].

Butler’s work shows, as of July 1, 2008, two U.S. banks were short 6,199 contracts of COMEX silver (30,995,000 ounces). As of August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver (169,025,000 ounces), an increase of more than five-fold. This is the largest such position by U.S. banks I can find in the data, ever. Between July 14 and August 15th, the price of COMEX silver declined from a peak high of $19.55 (basis September) to a low of $12.22 for a decline of 38%.

For gold, 3 U.S. banks held a short position of 7,787 contracts (778,700 ounces) in July, and 3 U.S. banks held a short position of 86,398 contracts (8,639,800 ounces) in August, an eleven-fold increase and coinciding with a gold price decline of more than $150 per ounce. As was the case with silver, this is the largest short position ever by US banks in the data listed on the CFTC’s site. Click here for more..


Updated November 20, 2008 - Time to buy silver!


€ Silver bar monthly & daily charts - : Will the Central banks really succeed in convincing the Herd that it is better to keep Paper Fiat Money and Government bonds instead of Real Money? Do the markets erroneously think we are going for a cycle of DEFLATION? Of is this just a bear trap and an abnormal shakeout of the Bulls? Again, with the actual fundamentals, I cannot imagine we have entered a Bear Market cycle. The daily bar chart shows a nice reversal. Time to buy!

 Copyright 2017, All Rights Reserved - The contents of this report may NOT be copied, reproduced, or distributed without the explicit written consent of Goldonomic


 

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