Loading ...I’m worried
Not that silver lagged… it never joined the party! Time retarded? Great time to nibble at silver? Or waste of time? What are you guys doing?
Edit: Looking back at my silver vs gold chart with Mansfield indicator… the high points of silver out performing gold were lower post 2011 (look at points 1,2,3) . Looks like the silver metal itself will be less important this time around in the precious bulls market.
I think silver is telling us something bad is in the cards.. on the medium term… as in 2009, problems were far smaller and not a long term medium term worry. That is why I won’t hesitate to take profits when gold touches all-time highs. This doesn’t feel right. Deflation risks still on table. …
Looking back at my silver vs gold chart with Mansfield indicator… the high points of silver outperfoming gold were lower post 2011. Looks like the silver metal itself will be less important this time around in the precious bulls market.
Silver lagged for at least a year when the 2000/2001 gold stock bull market began. It drove me nuts.
Recall when I mentioned that there were a hundred reasons to get out of a position on the way up. That’s one. Look at the BPGDM for another.
And low volume! Just like then.
Thanks Noman. I think will pop soon… trying to keep myself honest.
Hi Patrick
In a word ( 2 words)
Silver Sucks !
Yes we will are in a huge deflationary depression
yes it will last a long time
yes silver is NOT money It is a commodity
Gold will rise IMHO because of it’s monetary role
Silver has NO role !
This time is Different….Obviously different …IMHO
I have to agree with you until Silver proves us otherwise. Better go long SIL stocks where they get that FED liquidity boost.
IMHO Being in silver stocks/silver for the first 2-3 years of a gold bull is an opportunity cost event. Novices always go for silver cuz its cheap and it has vast potential. I plan to go into silver after my goldies run a bit.
I agree with Fully. Silver is being treated as an industrial metal here, lumped in with copper. Watch copper to see when it moves higher, I would guess silver should follow. But we’re still in the deflationary phase. I wouldn’t touch $SLV or $USLV here yet. Could be wrong. Then there’s also that comparison between soybeans & silver.
I would also be watching some of the rare earth metals here for recovery in certain technology sectors, such as the 5G buildout. (hint: Cesium, the metal that’s supposedly critical in the 5G revolution)