Mike Maloney, for all the invaluable research into metals and market cycles he has provided, does tend to do cringy boomer stuff from time to time.
Lately he's been claiming to have been the first to identify a cup and handle going back to the 1900's, but anyone can clearly see the long bottoms with occasional spikes during the past century.
In any case, here's an article from 2016 showing Silver chart analysis with cup and handle added and higher prices expected.
The article's author didn't foresee the 2019 repo crisis, or covid, or the reddit squeeze; but based on the amount of market shenanigans leading up to 1980 and 2011, he likely expected that the next major leg up for Silver would come with a lot of market chicanery, and higher Silver prices nonetheless.
t.me/SilverStackersSS
Lately he's been claiming to have been the first to identify a cup and handle going back to the 1900's, but anyone can clearly see the long bottoms with occasional spikes during the past century.
In any case, here's an article from 2016 showing Silver chart analysis with cup and handle added and higher prices expected.
The article's author didn't foresee the 2019 repo crisis, or covid, or the reddit squeeze; but based on the amount of market shenanigans leading up to 1980 and 2011, he likely expected that the next major leg up for Silver would come with a lot of market chicanery, and higher Silver prices nonetheless.
t.me/SilverStackersSS
⚡6✍4
Here's a long-term chart of the Silver to Oil Ratio.
Right now, 1 oz of Silver is slightly over 1 barrel of oil; which was last seen during the 1979/80 Silver price spike.
This is not to say that Silver is expensive per se; but rather that oil is cheap.
The Gold/Silver Ratio and the Dow/Silver Ratio both say that Silver has a long way to go before it is "expensive" relative to other assets.
Admin's personal opinion is that oil is going to remain cheap until the geopolitical power struggle between Oceania, Eurasia, and Eastasia is resolved.
The relevance for Stackers of the Silver/Oil Ratio is that miners over the near to mid-term should have continued access to relatively cheap energy (increased profitability), and that oil will potentially be an attractive asset class to diversify into when Silver shows signs of topping sometime in the years to come.
t.me/SilverStackersSS
Right now, 1 oz of Silver is slightly over 1 barrel of oil; which was last seen during the 1979/80 Silver price spike.
This is not to say that Silver is expensive per se; but rather that oil is cheap.
The Gold/Silver Ratio and the Dow/Silver Ratio both say that Silver has a long way to go before it is "expensive" relative to other assets.
Admin's personal opinion is that oil is going to remain cheap until the geopolitical power struggle between Oceania, Eurasia, and Eastasia is resolved.
The relevance for Stackers of the Silver/Oil Ratio is that miners over the near to mid-term should have continued access to relatively cheap energy (increased profitability), and that oil will potentially be an attractive asset class to diversify into when Silver shows signs of topping sometime in the years to come.
t.me/SilverStackersSS
✍9
Silver broke above $68 and came within 3 cents of $69 in early trading Sunday night; and gold has also marked fresh all-time highs after two months of consolidation.
Both metals making new highs at the same time is super bullish for Silver because it allows more upside on the White Metal without using up all the stored up energy in the Gold/Silver Ratio.
t.me/SilverStackersSS
Both metals making new highs at the same time is super bullish for Silver because it allows more upside on the White Metal without using up all the stored up energy in the Gold/Silver Ratio.
t.me/SilverStackersSS
Silver and gold are both at fresh all-time highs during overseas trading on Sunday.
This channel isn't normally a bunch of chart screenshots, but Silver keeps making new highs almost everyday this past month... it's broken out of the suppression racket and is absolutely blasting off.
Somebody do a wellness check on the paper shorts, see if they're still breathing lol
t.me/SilverStackersSS
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Forwarded from Oof
spot price blipped over $70. That's my cue to buy!
Forwarded from Mulch Down Babylon
Got mines before Samsung shut it down
Silver is back up to $70 after running all the way to $70.66 in early trading before getting slammed down along with gold... but both metals found support above their previous ATH and are recovering from the brief sell-off.
Demand for monetary metals by sovereign nations and some institutional buyers has put a floor under the metals, limiting potential downside.
t.me/SilverStackersSS
Demand for monetary metals by sovereign nations and some institutional buyers has put a floor under the metals, limiting potential downside.
t.me/SilverStackersSS