Silver Prices – The Big Picture

February 8, 2013 By 10 Comments

imagesSubmitted by Deviant Investor

Question: What do May 2004, January 2005, August 2005, June 2006, October 2008, February 2010, September 2011, December 2011, June 2012, and December 2012 have in common?

Answer: They represented significant price lows in silver, AND those lows were confirmed by the weekly stochastic (14,3,3) indicator and the weekly TDI Trade Signal Line (13,5) as shown in the following chart of silver prices since 2004. Approximately once per year the weekly stochastic and weekly TDI indicators have given a “buy-signal” in the silver market.

The ten year chart of silver prices is plotted on a logarithmic scale and shows a highly volatile exponential increase in prices over that ten year period. Note the higher trend line extends to approximately $100 by the end of 2013. [Read more...]

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Next Bull Wave Cycle to Take Silver to $91 in 2013?

January 7, 2013 By 30 Comments
Image: Jonny O'Callaghan

Image: Jonny O’Callaghan

Equity Management Academy’s Steve Roy has released his silver forecast for 2013.  While many precious investors are panicking and throwing in the towel in the aftermath of the month long capping in gold and silver after QE4, Roy is predicting a massive year for silver in 2013.

Roy states that silver completed the 4th wave of it’s correction and placed a bottom in June 2012 and that silver’s next up wave will take the metal to $91 in 2013:

This cycle terminated in July of 2012, and the low was in June.  Note that the 1.618 extension of the Wave 3 move is $91.98; eerily close to the $91.49 price that we got earlier from the monthly chart.
This indicates to me that the rally from the low in June, and subsequent completion of the ABC correction of that wave sets us up for the next impulse wave higher.  Based on my analysis, I think silver will go above $90.00 in 2013, on its way to much higher prices later on.”

Roy’s full analysis below: [Read more...]

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RJO’s Streible: Silver Will Be #1 Commodity Pick of 2013, Short Covering Rally Will See Prices EXPLODE!

December 26, 2012 By 51 Comments

RJ O’brien Senior Commodities Broker Phil Streible was on Bloomberg this morning, and when asked by the host for his #1 commodities pick for 2013, Streible responded: Silver!

Streible stated that: The Fed will continue to buy mortgage backed securities and treasuries, causing the Fed’s balance sheet to expand from $2.9 Trillion to $4 Trillion by the end of the year.
The Bloomberg host then asked Streible why then wouldn’t he buy gold rather than silver?

Streible responded:  Ultimately the Fiscal Cliff issues will be resolved, silver prices have been beat up recently, we’ve seen a 10% decline in the last week, and I think that a snap-back short covering rally will occur, and prices will explode!

Full interview below: [Read more...]

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Silver’s Lucky Number 7

December 22, 2012 By 17 Comments

Submitted by Morris Hubbartt:

The pullback in silver this week brought the important RSI indicator back down to the key 30 area.  Silver is one of my favorite long term growth investments.
On the long term silver chart, RSI for silver has declined to 30 area, seven times.  Six big rallies have occurred after each of those events.  Will this time be “lucky number 7”?  I think so, and my target for this rally is $44.

[Read more...]

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Gold & Silver Power Bars: Silver Set to EXPLODE On QE4

December 2, 2012 By 18 Comments

Submitted by Morris Hubbartt:

Many market pundits seem to have forgotten how strongly QE can affect the price of gold. This gold chart highlights those effects, with a broad green “chart brush”.   Note the thick green bars.  They highlight the gold price action during QE1 & QE2.  I believe QE3 (and possibly QE4) will produce very similar results.  When the Fed purchases bonds in the open market with printed money, gold tends to rally for a significant period of time.
Quantitative easing is positive for gold, and the effects on silver are even more powerful.  This chart highlights the enormous gains that silver achieved during both QE1 and QE2.   My focus is physical silver, because of concerns about the banking system and growing volatility.
My short term target is $44, which should be acquired at about the time that gold reaches $1850.  To put that in perspective, I expect silver to gain about 29%, while gold gains 7%.  That’s an outperformance ratio of about 4 to 1! [Read more...]

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