Loading ...Silver miners relative to silver…
SIL:SLV. This is a pretty shocking and depressing chart.
You’ve essentially had two very short spikes in silver miners relative to the metal since the low in 2016. I don’t even count the 2019 rally since it was entirely wiped out by the Covid crash.
Basically, anyone holding silver miners has had to endure tons of pain relative to just sitting tight with physical.
The only solace in this chart is that it was almost exactly 3 years between the 2016 top and the 2019 low.
More recently, the ratio topped in April 2020, and we are approaching the 3 anniversary of that top. That being said, even if the ratio were to bottom soon, we could still see some major damage in the next 2 months. Crashes can occur extremely quickly.
It’s possible the low from last October holds. At the very bottom you can see the stochastics and how weak they have been for so long. For a huge crash to occur from these levels would take something special. Rather a marginal new low could be in the cards, like in 2019. the 2016 low was large, but the break down and rebound were very swift.
Thanks for posting. Please update us here once/if the ratio is @ Oct-22 LOW and when/if it BO-down. The latter is what I expect.
I have another shockier for you. Some posters/readers also listen to Clif High who listen to the ‘whispers’ on the web. Very interesting. One could check Bitc hute dot com. Appearently he also listen to people who do REMOTE VIEWING (or was it FUTURE …). Anyway he mentioned that those ‘viewers’ saw Ag rock BOTTOM @ USD 6,00 approx.
Well I would not be surprised and Ted Butler will talk disgrace for sure and JPM will have turned the Ag-short position from Lehman (or was it the other bank) into Profit. Once such happens . . . TIME to GO LONG Ag.
The World is upsidedown so I actually will not be surprised if we would see Ag @ USD 6. After that show I made a chart to see if USD 6 was possible . . . and freaking such would be possible in a VERY LARGE (downsloping) BULL FLAG. One never knows!!!
As for me . . . Price matter not that much while TIME & CYCLES is what I use to predict. When TIME meets a LT-line … changes are high, that is the turn. This is the GAME I play!
Good analysys…I know for sure that if I sold all my positions taking an HUGE loss Silver and the miners would start an HUGE bull market…if I hold my positions Silver and the miners would be slaughtered even more….so what pains is the less severe?
you could downsize your position. Having cash on the sideline which will make you welcome lower prices. Is an option? But don’t you have a line in the sand?
It is a sage suggestion but I fear not to be able to re-enter the market if it would reverse on the upside, I hate chasing prices.
I would had do that earlier.
Anyway the best strategy is to be 50% invested and 50% cash no doubt about it , the problem is not always is easy to do that.
On the other hand
This is the kind of psychology that Bottom’s are made of
Just sayin
Exactly. I would just wait. The loss is not booked if its not sold.
Monthly MACDs (at least on my faster settings) are rolling over
FROM BENEATH THE ZERO LINE
That is NOT a good thing, and implies a waterfall ahead.
I don’t SHOUT often.