Loading ...Boom Boom Shake Shake The Room
https://www.youtube.com/watch?v=4AVWZwZq_QU
Standard PM bull market behaviour. Early stages waiting for GSR to drop and silver to out-perform. Big names show the way, before the juniors begin to make huge gains later in the bull market.
Edit: Americas Gold & Silver chart…
I think if gold goes to 1650/1700, 27$ should be target for GOLD, another 70%+ move after October bottom of 16$.
Does silver really have to go up?
By eyeballing longer term charts I think it’s going up. I want it to go up (((I’m more of a silver bug than a gold bug–I think gold is rather gauche myself–too gaudy etc to be in good taste–I just speculate in it.)))
Did silver and silver mining companies do well in the Great Depression? I don’t think so, at least in the U.S. Does anyone know whether they did well around the time of the Panic of 1893? Or around the financial problems of the 1870s? If I recall correctly, around those times, especially in the 1890s, a huge set of political and economic issues at least in the US was the disparity between how well the gold prices were doing and how relatively poorly the silver prices were doing in the setting of an economy that was tenuous for many people. But I do not know. I am just trying to recall history I read long ago.
In summary, yes, I think Ag is going up and it would be nice, but does it have to even if the gold prices and the prices of gold mining companies go up?
This comment could go many places, not just here. I just spent a few minutes looking up silver prices in the past. In the 1930s, when some gold mines were doing fine, the Hecla site historical page writes of historically low Ag prices at one point in the early 30s (though I believe there were some spikes up in the 30s).
One site that shows gold:silver ratios going back a century does not to my eye show any stunning correlation to gold price in the 1930s — or for that matter at other times
http://www.macrotrends.net/1441/gold-to-silver-ratio versus http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
I just glanced w/o careful study. I do not know the reliability of the source. A rigorous study would use statistical correlation analysis of the numbers including dummy variables etc etc. However, again, I am not convinced that the gold:silver ratio is so great except for entertainment value and perhaps for selling subscriptions.
True, it does show some correlations at times. So did soybean prices and silver for a while in past decades. There are many interesting correlations, some even genuinely causal, that occur at some times and not others. For example, sunshine can correlate positively with outdoor temperature but not always. Silver might not go up as much as gold in a time when many prices are deflating, when industrial production is down, for example — or when gov’t intervention favors silver pricing vs gold pricing or (as in the US circa 1870 to 1893).
IMO the GSR can indicate either an economic boom environment or an economic bust environment relate that to FIAT how you will. Au has shown in the past iincreases during both environments, Ag is not Au….
IMO when looking at the GSR one should identify the context of such ratio before interpreting such data.
Speaking of FIAT for the N’th time anyone noticed the DXY lately? How bout the EURUSD chart (oversold but that MF is ugly……. on the Daily Weekly & Monthly) It may have actually BD ?? from long term support………. have a look gents!
Keeping lots of powder dry for Ag but……..I need to see a pulse from Ag?