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Friday, April 26, 2024

Silver is cheap vs Gold

Courtesy of Read the Ticker.

silver-is-cheap-vs-goldMetal investors will be paying attention to how out of favor silver is relative to gold. And it is hard to wonder why with the well forecast boom of electric cars expected over the next 10 years. Who owns all the silver? JM Bullion has a series of charts here. Notice the stock pile held by JPM. They will do will if silver gets to $30 USD an once!



Chart up to April 2017



JPM Silver


As of the 20th of March 2019 the US Federal Reserve has switched to dovish with monetary policy (more easy money) and metals (gold and silver) will be a first choice for long term investors. 



Here is why silver is at a better value than gold. The gold and silver ratio with it is cycle in the chart below clearly shows silver is the better value buy. High gold and silver ratio means silver under valued.



Indicators are the readtheticker.com adaptive cycle and our RTTHurstDPO, more here.





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Silver ratio




Silver long term channel chart





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Channel Silver









Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic
a wealth of knowledge is available via our RTT Plus membership.





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…



…“My satisfaction always came from beating the market, solving the puzzle.  The money was the reward, but it was not the main reason I loved the market.  The stock market is the greatest, most complex puzzle ever invented – and it pays the biggest jackpot…it was never the money that drove me.  It was the game, solving the puzzle, beating the market that had confused and confounded the greatest minds in history.  For me, that passion, the juice, the exhilaration was in beating the game, a game that was a living dynamic riddle”..



Jesse Livermore





..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..



Spike Milligan





My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.



Marc Faber









.”Buying stuff people hate, that’s the business we are in, right!”…”you may need to have a longer time horizon”…”be patient”..



Mark Yusko





..”Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”..



George Soros







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