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  • The majority is never right. Never, I tell you! That’s one of these lies in society that no free and intelligent man can ever help rebelling against. Who are the people that make up the biggest proportion of the population — the intelligent ones or the fools? I think we can agree it’s the fools, no matter where you go in this world, it’s the fools that form the overwhelming majority - Henrik Ibsen.

    -

  • The mainstream (corporate) media is nothing less than the unofficial accomplice of the banking crime syndicate which is running/ruining our markets and economies. Nowhere is this despicable relationship more apparent than in its deliberate efforts to grossly misinform investors on the critical subject of risk.

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  • The business of investing rationally becomes problematic when market participants are pursuing maximum nominal returns without a second thought as to the real (inflation-adjusted) value of those returns and the location of the savings.

    --

  • Comparing the currencies is like picking the prettiest horse in the glue factory. The history of all fiat currencies shows they all end up being valueless. Gold’s nobody else’s liability and it has no counterparty risk. It’s provided protection against destruction of wealth for centuries and we’re at the cusp of another major chapter in its illustrious history.

    Sprott

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Silver

Updated October 12, 2020: Silver is Gold on steroids!


silver bars

SILVER
Silver pf3
Silver - with PF Targets
Bullish objective $48 - $65 - $85 - $145
Resistance $28 - $32 - $42
Major Support $ 24.00 - $ 22.00
Bearish Objective  $ 14.00
Technical pattern Long Term Breakout

The Silver market is tiny. About 700 million oz. of silver are mined each year worldwide. About 200 million oz. recycled. About 100 million oz. from "other" sources, like governments. That's the supply side. At $20/oz., this is a $20 billion annual market.

SilverGold ratio smallSilver-Gold ratio long term

Click here for HISTORIC SILVER

[Most Recent Quotes from www.kitco.com]

  • JPMorgan holds over $19bn of derivatives but there is only $1bn of silver stock available!?
  • The purchasing power of 1 kg Silver is held by a Gold coin of 1 ounce.
  • Silver is TECHNICALLY a SCREAMING BUY!
  • Silver is often in backwardation
  • Silver and Gold have a pattern of Tops during late Spring, a correction, and a short term bottom during the Summer.
  • Historically Silver corrections average 40%.
  • There is a disconnect between the Futures market (paper market) and the physical market for Silver.
  • Those who buy Silver ETF's and Silver contracts can as well keep the paper money they have...almost the same: if you buy Silver, you MUST request physical delivery. All those playing the paper products are sure of one thing. Even if the market fluctuations don't take it away they will eventually lose it all.
  • Silver is in a process of digesting the 1981 $30 - $48 top pattern.
    After the breakout, this zone will become a LONG TERM support zone.

SLV ETF strip story: BREAKOUT  [SLV is an ETF & should not be bought as an investment !] -

SLV candle2 SLV candle3 SLV candle1 SLV pf1 SLV pf2
Sept 4: bull run
Oct 12: Target $32
Oct 12: backtest Breakout & strong buy Aug 28, 2017: PF Targets

Halfway bottom consolidation - the medium-term target is $48 - Long term target is $ 145!

This action explains the HUGE FLAG formation"The Chinese are divesting out of paper right now.  So we are seeing a huge uptick in euro physical silver purchases, as well as dollar silver purchases.  When silver took out $33, a huge amount of physical orders were filled. The Chinese are doing the exact same thing in the silver market that they are doing in the gold market, massive accumulation on dips (visible on the candle charts below).  It is also important to note that the local traders in silver are short and nervous.  Everyone is short silver and so that the market can move violently higher when it turns. When silver reverses, it will be the one that leads the market higher.  Also, the commercials have been covering in silver the same way they have been in gold...."

Silver pf1

Short candle Chart comment
Silver candle1
  • Jan 5, 2016: more bullish technicals - see the short candle.
  • Jan 4, 2017: fresh upleg + backtest completed
  • Aug 9: indicators are BULLISH...if you don't buy Silver NOW, you're crazy!
  • Jan 13, 2018: Screaming Buy
  • Jan 3, 2019: will the overhead resistance be broken?
  • April 1-10: SCREAMING BUY
  • Sep 3: bull run - this is just the beginning and the bull run has huge legs!
  • Jan 6 - Feb 4, 2020: fresh upleg
  • Feb 19: find the Trend channel and Target on the Long Term Candle.
  • Feb 24 - March 7: Target is $20 - $22
  • March 24: Bear Trap + Strong Buy
  • May 6 - June 15: STRONG BUY & bull run - Target is $32.50
  • July 21: Long Term Breakout
  • July 27: note we have a VACUUM all the way to $28-$32
  • Aug 12: Backtest
  • Aug 24: mind the bullish triangle
  • Sept 4: more consolidation?! - $28 is a resistance level - $ 24 support.
  • Sep 23: screaming buy
  • Oct 12: breakout on the short term charts
Long term candle
SILVER candle2

The Bearish Triangle is now a Bullish Flag. The formation which is being formed at this time will propel Silver to about $ 88. That is after the $48 has been broken to the upside and tested.

Silver LT Silver monthly SILVER monthLT
  click to enlarge...the first chart was published in 2017!

Silver expressed in Euro

€-Silver
[Most Recent Quotes from www.kitco.com] Bullish objective € 46,5 - € 62
Resistance € 28
Support € 18
Bearish objective € 14
Technical pattern new bull run.
SCREAMING BUY 

eSILVER pf1
Short term candle
Chart comment
eSILVER special1
  • Jan 4, 2016: Silver should be the BIGGEST winner of 2016!
  • Dec 6 - Dec 20: technically speaking, a PERFECT BUY TIMING!
  • Jan 4-Feb 17, 2017: BULL RUN + backtest completed
  • August 9 - 28: if you don't buy Silver NOW, you're crazy!
  • Jan 13 - Apr 13, 2018: Screaming Buy: mind the 2nd upleg
  • Aug 15 - Nov 5: W-Bottom + Bullish divergence
  • Jan 3, 2019: will the overhead resistance be broken?
  • April 1 - 10: screaming buy
  • Dec 27 - Feb 4, 2020: fresh upleg
  • Feb 19: see trend channel and €22 target on Long Candle
  • Feb 24 - March 7: Target is €18
  • March 13: Screaming BUY at this level...Strong SUPPORT
  • March 24: Bear Trap + Strong Buy
  • April 8: bull run & closing GAPS...did you buy the Bear-Trap-Spike?
  • May 6 - July 1: STRONG BUY & bull run
  • July 21-Aug 2: Long Term Breakout.
  • Aug 12: Backtest
  • Sep 4: correction - consolidating advance.
  • Oct 12: breakout on the short term charts
Long term candle
eSilver candle2

Silver expressed in Swiss Franc -

  [Most Recent Quotes from www.kitco.com] Bullish Objective FS 28 - FS 32 - FS 42
Resistance FS 28 - FS 42
Support FS 18
Bearish Objective FS 14
Technical pattern Beginning of a new bull trend
SCREAMING BUY 

CHFSilver pf1
Short term candle Chart comment
CHFSilver candle1
    • Jan 4, 2016: Silver should be the BIGGEST winner.
    • August 13: Consolidation zone...the bigger the zone, the more power is accumulated...
    • Jan 4-Feb 17, 2017: fresh upleg + backtest completed
    • August 9 - 28: if you don't buy Silver NOW, you're crazy!
    • Jan 13 - Apr 13, 2018: Screaming Buy
    • Aug 15 - Nov 5: W-BOTTOM + Sell Climax
    • Jan 3, 2019: will the overhead resistance be broken?
    • April 10: Screaming buy
    • Dec 28 - Feb 4, 2020: the beginning of a new upleg.
    • March 13: Screaming BUY at this level...Strong SUPPORT
    • March 24: Bear Trap + Strong Buy
    • April 8: Did you buy the Bear-Trap-Spike?
    • May 6 - July 1: STRONG BUY & bull run
    • July 21 - Aug 2: Long Term Breakout. 
    • Aug 12: Backtest
    • Aug 24: mind the bullish triangle
    • Sep 4: consolidating historic advance
    • Oct 12: breakout on the short term charts
Long Term candle
CHFSilver candle2

Only retarded investors don't get this! Investing is NO CASINO and therefore this information is still actual...even in 2019.

€ Silver month CHF Silver month
The price goes up when time is up: Time is UP (Nov 2017 - Feb 2019)
eSILVER special1 CHFSILVER special1

A perfect technical picture we had. See the 2004 breakout out of a huge bullish triangle. The 20 years (1985/2004) resistance line has become huge support. A first bull run is interrupted in 2008 when Lehman Bros collapse and we have a huge deleveraging. [Whether Lehman is to be blamed or not is another chapter]

During the Deleveraging action the BREAKOUT level is positively tested (indicating we now have a confirmed BULL TREND). After the test, Silver geysers up again to the top of its long term trend channel. Either Silver goes parabolic of it needs to consolidate sideward (I think the latter will happen).

For this reason, I expect Gold to perform better this year than Silver. Silver is the poor man's gold. As long as people are insecure, as long as we sit we this Fiat paper money, Silver will be strong. We have a paradigm shift: what we live today, is not the ordinary recession like we lived during previous cycles. By now this should have become clear to most. The Crisis asks for extraordinary measures but also for extraordinary protection.

Silver is one way to ensure your savings. It is a REAL ASSET, REAL MONEY. (the alternative is to buy Government bonds who yield nothing, keep your money into Bank accounts who yield nothing or stack it under your mattress where it will be inflated away). At this time Silver sits in a congestion zone....the bigger the zone the larger the subsequent run.


Updated March 15, 2010

$-Silver objective for Wave II is $ 42,50 - €-Silver objective for Wave II is € 35: Silver has finished the 1st Wave cycle 1,2,3,4,5 and the subsequent ABC correction. Logically, it will in the wake of Gold reverse and start its Wave II cycle. The objective is $ 42,50 or 5 times the low.

  • April story: Silver and Gold usually put in a bottom in March and a top in April. March 18th we had a bottom for Gold. If one misses the March bottom, one usually has to wait for the Summer to see a fresh buying opportunity.
  • Silver moving averages have now also confirmed their Golden cross.
  • Gold and Silver mines are strong indicating higher prices for Gold and Silver are to come. As a matter of fact, several Gold and Silver stocks have broken above their 200-day moving average.

Updated December 20, 2008

And while the “paper” Silver price was recently nominally taken down from just above $20/oz. to around $13/oz., it is increasingly hard to find physical Silver at any price. And if one can find it, one has to pay as much as $4 or so over the spot, i.e. around $17/oz. on average. Such is the ludicrous result of living in an Interventional Universe.

Manipulation?... The least one can say, is that this is a weird happening.

Last week, widely regarded silver analyst Ted Butler, reported on recent developments during the July 1 – August 5, 2008 time period in the precious metals complex [specifically, open-interest data in COMEX futures].

Butler’s work shows, as of July 1, 2008, two U.S. banks were short 6,199 contracts of COMEX silver (30,995,000 ounces). As of August 5, 2008, two U.S. banks were short 33,805 contracts of COMEX silver (169,025,000 ounces), an increase of more than five-fold. This is the largest such position by U.S. banks I can find in the data, ever. Between July 14 and August 15th, the price of COMEX silver declined from a peak high of $19.55 (basis September) to a low of $12.22 for a decline of 38%.

For gold, 3 U.S. banks held a short position of 7,787 contracts (778,700 ounces) in July, and 3 U.S. banks held a short position of 86,398 contracts (8,639,800 ounces) in August, an eleven-fold increase and coinciding with a gold price decline of more than $150 per ounce. As was the case with silver, this is the largest short position ever by US banks in the data listed on the CFTC’s site. Click here for more.


Updated November 20, 2008 - Time to buy silver!


€ Silver bar monthly & daily charts-: Will the Central banks really succeed in convincing the Herd that it is better to keep Paper Fiat Money and Government bonds instead of Real Money? Do the markets erroneously think we are going for a cycle of DEFLATION? Or is this just a bear trap and an abnormal shakeout of the Bulls? Again, with the actual fundamentals, I cannot imagine we have entered a Bear Market cycle. The daily bar chart shows a nice reversal. Time to buy!

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