Loading ...Silver’s Most Dangerous Phase: The Chop That Destroys Both Sides
Silver has gone from chaos to “boredom”, and that’s exactly where traders get hurt the most. The panic is gone, but the pain isn’t, as both bulls and bears keep getting chopped up inside a range that refuses to break.
https://www.zerohedge.com/the-market-ear/silvers-most-dangerous-phase-chop-destroys-both-sides
Bring on the chop. I’d prefer that to crazy moves.
SIDELINES FOR ME
PROTECTING GOOD GAINS OVER THE LAST YEAR
A LITTLE DAY TRADING TO KEEP FOCUSED
Absolutelu. Made the mistake of buying back into ASM after the big drop only to lose 22% in a few days. It’s where it was at the end of last year! It’s over 60% down off its highs. HL has crashed as well.
The concern is amongst those trading paper silver, gold, platinum & palladium, including mining stocks. Short term/hot money isn’t interested in owning the physical asset because it’s slow moving and doesn’t hit home runs very often. Personal exposure as a percent of the entire PM portfolio is very small in that space.
Those focusing on growing their physical stack only had to pay a very small premium (compared to a cash-for-metals purchase) to move out of silver and into gold since mid November, as 1/29 approached. Currently it’s a good time to sit and wait – Ever since 2016 I’ve ignored the value of silver priced in dollars and focused on it’s price in ounces of gold, same with OIL, same with Platinum and Palladium. Historically quite cheap ratio-to-gold wise.
Hardly anyone is paying attention to THINGS priced in GOLD so finding value is pretty easy pickings for those with patience.
https://www.bullionbypost.com/price-ratio/gold/platinum/alltime/#show-ratio-chart
https://www.bullionbypost.com/price-ratio/gold/palladium/alltime/#show-ratio-chart
https://www.bullionbypost.com/price-ratio/platinum/silver/alltime/#show-ratio-chart
and of course my favorite
https://www.macrotrends.net/1380/gold-to-oil-ratio-historical-chart