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.
Click here for more on the BIG PICTURE in silver:
Despite those very compelling arguments, Silver is down over 5 years 3 years 1 year and 3 months and its chart currently shows a downtrend continuing with the MACD’s blue line curling over and pointing south. Macro-economic factors are very supportive of Silver’s advancement but price action and volumes suggest that Silver is resilient to those factors in the wider economy and is effectively, moribund.
Fake American Eagle silver coins surface
http://m.coinworld.com/Articles/fake-american-eagle-silver-coins-surface
per the great yogi: “it ain’t over till it’s over”
it is what it is… stop with the overanalyzing…
I think the best hope for silver is around $65 dollars an ounce during the next 1-3 years, barring an economic collapse. People should be buying them as a hedge, not as a get-rich-quick scheme. The real money to be made over the next 3-5 years will be in gold, which should treble in that time, barring an economic collapse.
Revising my earlier inaccurate attempt… Silver is down over 1 year and three months and shows no tangible sign of responding to the macro-economic factors that suggest it is about to boom. Those factors are strongly compelling but notwithstanding the POS seems determined to languish and is struggling again today as it has for the last week. We have had a huge flow of media cheer-leading for this attractive metal over the last year but the POS seems impervious to logic. I wonder what is really stopping a northward drive of the silver price. It surely can’t be those pesky JPM traders? They were supposed to have closed their mammoth shorts some weeks ago. I’m certainly confused.
mark, I’m reliably informed that silver can outpace gold significantly if PMs in general are on the charge.
@Vonda Bra,
Either rightly, or wrongly, that’s exactly why some people are distrustful of relatively modern American bullion coins.
“Among the general differences, the weight of the counterfeit is 32.608 grams compared with the statutory weight of 31.101 grams for a genuine American Eagle silver bullion coin. The fake is thicker than the genuine coin, by as much as 20 to 25 percent, but the diameter of the fake is slightly smaller than the standard 40.6 millimeters.”
You will continue to see more of these fake US Mint Silver Eagles as the US Mint routinely runs out of Silver Eagles. A simple ~$20 digital scale should have caught the above and the drop test would have sounded way different. I don’t like bars since I believe they are easier to scam, but bars are much cheaper and stack easier.
Fisch Silver Eagle Detector (measures size, thickness, weight)
http://www.thefisch.com/cgi-bin/fisch/shownews.pl?id:1350129789
Silver Prices: I think phyz silver right now is a ok price since all the GLA stacking is putting more interest in silver. Do you still see silver dips to ~$27? –> I see maybe $30 as a low and a more general interest in phyz (gold, silver, platinum) increasing. =trending up with silver leading the trend % over gold (silver is still the bargain)
Look how the prices of guns have jumped with all the added interest. Same for phyz silver -the stackers now will reap the benefits of tomorrow, but you really need to be continuously stacking when the prices are low to fair. Buying on the dips are great, but only 1-2 times a year now. Hold out some cash for the dip is still possible, but panic buying should be discouraged.
@Disgusted. Let’s hope so.
Some folks are buying silver jewelry and older coins.. many estate sales to peruse .. and if you know what you are doing .. you can pick up some bargains in silver coins and jewelry. ALL I KNOW is I bought Chinese 1oz. silver pandas a few years ago at 17 and they are now going for 70 among collectors…. so you tell me . .my chart is experience.. that tells me what I need to KNOW…silver has value besides monetary value .. and it usually ends up being worth FAR MORE than face value especially among the older coins.
Studies show that those who bought silve in 2011 are 92x more likely to suffer high blood pressure and mental illness than those who got in early.
I think buying Chinese silver/gold coins is very smart (China stacking is increasing). Weigh, Size, shape each coin and then protect it from Oxidation (silver). =If I cannot get silver Eagles I will bypass the hags (Canada) and hit the Pandas.