Most reliable early indicator of silver price move?
razzle
Posts: 987 ✭✭✭
I read Ed Steer's "Gold and Silver Daily" which presents a lot of info, mostly negative "noise." Anyone have a more pure indicator in which they have confidence?
Markets (governments) can remain irrational longer than an investor can remain solvent.
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I knew it would happen.
Knowledge is the enemy of fear
If I hit odd, it's going up. If I hit even, it's going down. If I hit a bulls eye, buy, buy, buy. If I miss the board, sell, sell, sell.
This helps.
Unfortunately, I ran out of change.
Inverse relationship - dollar up, PMs down.
Oil price is also currently a good indicator, direct relationship - oil up, PMs up.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Thank you, derryb. >>
Believe that nonsense at your own peril...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
It easily could be that the next big move up occurs in the next generation.
<< <i>Contrarian popular sentiment.
It easily could be that the next big move up occurs in the next generation. >>
This
<< <i>Oil price is also currently a good indicator, direct relationship - oil up, PMs up >>
Recently, "that's a fact jack." Oil was up 5% today, but has lost some of its gains, just like gold and silver.
<< <i>I read Ed Steer's "Gold and Silver Daily" which presents a lot of info, mostly negative "noise." Anyone have a more pure indicator in which they have confidence? >>
Other than TA there's probably really nothing other than FOMC meetings, monthly NFP jobs reports, the week of 3-10-30 yr treasury auctions (this Tu-Thurs), end of month Options Expiration....lol. Yesterday's silver chart showed a nice 5 wave rise (Sunday/Monday) into an expanding triangle thrusting pattern. Once that 5th wave thrust higher was done, that was it for silver in the very short time. Silver retraced essentially the widest part of that triangle. Ending triangle thrusts are some of the most reliable patterns out there.
complete nonsense.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey