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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 1176 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...
.."There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins."...
Jesse Livermore
..“By failing to prepare, you are preparing to fail”..
Benjamin Franklin
The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.
Basketball Legend Michael Jordan.
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”...
Bernard Baruch
.."Money couldn't buy friends, but you got a better class of enemy"..
Spike Milligan
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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund
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