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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 636 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Silver 2023 looks bright - Update
silver-2023-looks-bright--updateSilver 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%


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Silver



Keep an eye on silver and gold.





Divider




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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. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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Investing Quote...

...“It is impossible here to give an adequate idea of the Law of Vibration as I apply it to the markets. However, the lay man may be able to grasp some of the principles when I state that the Law of Vibration is the fundamental law upon which wireless telegraphy, wireless telephones and phonographs are based”...

William D Gann


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Ayn Rand

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Victor Hugo

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