Loading ...Reality Check
What about Bob ?
We are hearing a LOT of chatter that Silver is ready for blast off…or will be within a year or two ( as it lags gold)
But is there any evidence of this ?
Does anyone see a “fractal” here ?
I hope I’m wrong and Bob is “cured”
But for now he is still an Idiot !
Agreed. Bob has a lot of work to do.
My comments will as usual be off in a different direction. I will look how individual Ag companies trade to see how Ag is doing.
In passing, I will note my suspicion that I think that most are probably poorly managed or far worse but can do o.k. if Ag prices take off.
What I would do to check on Ag is to look at the better Ag companies’ charts. One of the ways to find them (besides looking at their fundamentals) is to see which ones have fairly recently tended (very very approximately) to have curved upwards or at least held somewhat steady in the past bad spell when others have gone down down down IMO.
I like to do is look at multiple time frames. Higher highs is of course nice. I also like to see on4e did well in past good times and relatively well in past bad times.
Unlike almost everyone here I am averse to breakouts. Breakouts are bad IMO. I want the stocks before the breakouts or after they sour after the breakouts. If they have broken out and then backed down to the moving averages (multiple moving averages–no magic moving average) and stay above, then good to go. I hate buying if they have broken out and stay up.
If I see multiple Ag stocks going up and staying up, good ones and garbage ones, then I will know that Ag is taking off and it’s somewhat less likely to be just extremely short term monkey business on the Comex and in London though of course it can be longer term monkey business. That is my sign that Ag is going up.
So if I had extra cash I would load up on the few (maybe 2?) decent Ag stocks if they hang above multiple MAs or if they break out and then back down to their MAs. I will then be happy with them if I see many Ag stocks zooming up and staying up. Then I will be pretty sure Ag will be going way up for a while.
But I am very much am amateur, very much wrong very often, and look at many things I have not described and pay attention to many opinions including ones contrary to mine.
Bob’s not here…
Thanks for checking in, Cheech. LOL.
Looks like an absolutely *enormous* potential H&S pattern to me.
“Big patterns = big moves”