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Created on: 5/30/2020 3:37:19 PM Last Update: 5/30/2020 3:46:42 PM Posted by: RTT WARNING: This entry is 801 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
1 POST
Silver volume says something is near boiling point
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Fundamentals are important, but they must show up in the chart. And when they do and if they may matter, it is a good sign if price and volume waves show a change of character.
The Point and Figure chart below is readtheticker.com version of PnF chart format, it is designed to highlight price and volume waves clearly (notice the Volume Hills chart).
Silver ETF volume is screaming at us! The price volatility along with volume tells us those who have not cared, are starting to, those who are wrong are adjusting, and those who are correct are loading up. Soon the kettle will blow and the price of silver will be over $20.
Normally silver suffers in a recession, maybe this time with trillions of paper money being created real money is the fundamental factor which becomes a higher priority over the demand for silver use in industry.
Click for popup. Clear your browser cache if image is not showing. 
The silver short term cycle (red) looks like the bottom is in, while the longer term cycle (black) looks higher into the next 24 months.
Click for popup. Clear your browser cache if image is not showing. 
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
..."In the long run commodity prices are governed by one law – the economic law of demand and supply"..
Jesse Livermore
.."There is only one way to kill capitalism - by taxes, taxes, and more taxes"..
Karl Marx
..The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell"..
John Templeton
.."It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong"..
George Soros
.."Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs"..
George Soros
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