Silver Charting and Silver TA Chat

The charts are telling us banana benders something... I'm buying when the price reaches "Coolangatta" :P

179_queensland.jpg
 
FYI : The mega chart has been updated for those interested.

see HERE or follow the link in the original post.

interesting thing happened when I was playing around with overlaying the gold and silver charts.

at a scale (gsr) of 1:50 with the bottom in gold ($250-ish late 1999) brought to the baseline of the chart (or Gold=50*Silver+$250) you end up with the following chart (which I think is actually quite push for a coincidence.)
87_g50s250.png


so 2008 is obvious (gfc). If I'm not mistaken the announcement of QE2 was in November 2010 and debt ceiling talks happen about this time of year each year which sort of correlates with 'corrections' of the H&S patterns in silver (is the 4th one a H&S or a triple top with some sort of bounce?)
Anyway.., each time silver has broken away and then come back to meet gold; however there is a blip at the end where gold actually rose faster (relatively) than silver and silver has played catch-up. This is all in the section at the rhs where things start to correlate again.

funnily enough if you take that section where things don't correlate between Sept 2010 and April 2013 and change the ratio from 1:50 to 1:75 they match up pretty good.
87_g75s166.png

and their is a blip also, just before the QE3 announcement in September 2013 (just before the H&S?)

Does this sit well with you guys, given the current situation?
I'd love to hear your thoughts regarding how the charts seem to fall in and out of synchronisation with each other.

Azure.
 
thatguy said:
fiatphoney said:
Many good reasons to buy physical silver here, seasonal strength is not one of them.

This is a stupid assumption this year for pm's, you are smart enough to work out why.
Click to expand...
Don't overestimate my intelligents :P

Keen to hear why? Seasonals in fairly important in PM I would have thought, but you are right there are many other reasons
Click to expand...


"India's gold and silver imports tumbled to $800 million in September from $4.6 billion a year earlier, according to the Commerce Ministry."

http://www.moneynews.com/Markets/India-controls-gold-lower/2013/10/10/id/530433
 
thatguy said:
Coming into seasonal strength in silver I am buying here (at the end of June) this has worked in '12, '11, '10, '09
Click to expand...
FWIW Will be buying heavily ~21-26th Oct (will inform when so you guys can fire up the tar and pluck the feathers), funnily enough this kinda coincides with Debt ceiling shenanigans but that is coincidental. November is going to be good for US silver bugs... how good will depend on $26.10Ag-26.60 Res ($1325Au).

Would love to see $1141Au for a double bottom.

Usual caveat... DYOR DYODD only play with what you can afford to loose etc etc blah blah
 
thatguy said:
thatguy said:
Coming into seasonal strength in silver I am buying here (at the end of June) this has worked in '12, '11, '10, '09
Click to expand...
FWIW Will be buying heavily ~21-26th Oct (will inform when so you guys can fire up the tar and pluck the feathers), funnily enough this kinda coincides with Debt ceiling shenanigans but that is coincidental. November is going to be good for US silver bugs... how good will depend on $26.10Ag-26.60 Res ($1325Au).

Would love to see $1141Au for a double bottom.

Usual caveat... DYOR DYODD only play with what you can afford to loose etc etc blah blah
Click to expand...

How heavy is heavily? 100oz? 1000oz? 5000oz?
 
AGmagic said:
thatguy said:
thatguy said:
Coming into seasonal strength in silver I am buying here (at the end of June) this has worked in '12, '11, '10, '09
Click to expand...
FWIW Will be buying heavily ~21-26th Oct (will inform when so you guys can fire up the tar and pluck the feathers), funnily enough this kinda coincides with Debt ceiling shenanigans but that is coincidental. November is going to be good for US silver bugs... how good will depend on $26.10Ag-26.60 Res ($1325Au).

Would love to see $1141Au for a double bottom.

Usual caveat... DYOR DYODD only play with what you can afford to loose etc etc blah blah
Click to expand...

How heavy is heavily? 100oz? 1000oz? 5000oz?
Click to expand...
now that would be telling... but heavy enough to incur the wrath of the significant other
 
Market will be focusing on these upcoming Forex News for short-term directions:

Wed October 30, 2013 - 12:15pm GMT US ADP NFP Employment
Wed October 30, 2013 - 12:30pm GMT US Core CPI m/m
Wed October 30, 2013 - 6:00pm GMT US FOMC Interest Rate
Click to expand...
Hope ya got ya popcorn and armchair ready... there's gonna be fireworks
 
thatguy said:
Trader Dan at his best! A must listen for any PM investor (starts ~ 1/3 in, first guy is rubbish/infomercial)

http://traderdannorcini.blogspot.com.au/
Click to expand...
This bit should be in a thread all on it's own....

Can we use this report to PLEASE, PLEASE put an end to this nonsense of "FLASH CRASH" chatter that is the latest fad among too many in the gold community seeking to affix the blame for a poor showing in gold to the nefarious bullion bank crowd. The data (again only thru Tuesday of this week ) shows that the brunt of the selling in gold has been originating from the Managed Money or Hedge Fund crowd.
.....
Do you not find it exasperating to see some continue to promote this ridiculous theory all the while the largest gold ETF, GLD, continues to lose gold as Western based investors sell their holdings of the metal and buy stocks instead? What is so hard to understand about this? Investors and fund managers are looking to maximum returns. If they are long only funds, they will buy things that go up, namely equities. If they can go long or short, they will sell those things moving down, or at least failing to go up in the hopes of making some better profits on the way down. It really is as simple as that.
......
Seriously, this is the sort of thing that gives many otherwise fine people in the gold community a bad name and discredits them when they really do have some good data to present that is worthy of note and thoughtful consideration. But when nearly every single move lower in gold is blamed on the bullion banks and the powers that be, it really becomes somewhat tragic.
Click to expand...
 
I Agree with "trader" Dan but the premise for this move is total BS

Jobs figures was a BS figure. Listen to the guy who ran the BLS and knows the figures

http://host1.cyberears.com//22640.mp3

Dan is right that the Bond market is the weakness in the system. The Stock market is heading for a massive crash.
As Dan puts it when all the traders are on the wrong side of the boat you had better move.

Dan does distinguish between trading and long term investing - good.

Good post thanks

Forgot to add one thing how does an economy that can muster just 2% growth with massive money printing justify a stock market that gains 20% ? This is a replay of 1929 but the only question is what is the current year 1927 or 1928 ?
 
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