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Created on: 8/21/2022 6:31:37 PM Last Update: 8/21/2022 6:48:36 PM Posted by: RTT
WARNING: This entry is 398 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Silver 2023 looks bright - Update
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 Silver does well when the economy is starting a recovery phase. Big shorts have to cover forcing the silver price higher.
Previous Post: Silver 2023 looks bright
The silver game changed at the bottom of the 2008 GFC crisis, US Debt to GDP exploded, making the investing component of silver as important as the industrial side of silver.
During all the silver bottoms of 2009, 2013, 2016 and 2020 the US PMI sinks and then recovers followed by a US dollar sell off.
2009 - GFC, FED and PBOC saved the world.
2013 - QE on and off.
2016 - China slow down, Nov US Elections, Trump tax cuts.
2020 - COVID crash, Fed pump.
The silver recovery in 2013 was scuttled by the strong US dollar as the Fed removed QE before other central banks in Europe and Asia. This means the silver long trade off the bottom of PMI lows has a 75% success rate.
Today the silver trade is reset. Now PMIs are falling, the dollar is strong and silver is pulling back. Rinse and repeat.
US Economic data is falling hard. Housing sentiment and PMIs are crashing. The FED has hiked short term interest rates in quick time in a all out effort to lower the US inflation figure of 9.1%. To push so hard one way suggest the swing back the other way will be an opportunity to invest.
Chart 1 - Silver, US PMIs, US Dollar, US Debt to GDP%
Click for popup. Clear your browser cache if image is not showing.
Keep an eye on silver and gold.
NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.
Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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Investing Quote...
.."Money cannot consistently be made trading every day or every week during the year"..
Jesse Livermore Trading Rule
Novice Traders trade 5 to 10 times too big. They are taking 5 to 10% risks on a trade they should be taking 1 to 2 percent risks.
Bruce Kovner
.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..
Mark Twain
...“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”...
Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
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