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S W
Member since May 2012
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Silver's Signals Lean Bearish For Stocks and Commodities - Chris Ciovacco - Ciovacco Capital Management

I think this is very good analysis and that the SP500 will get to 1260. Any sign of reversal bars at that level will be time to get short and ride it down to 700 or less!
I have been out of all stocks (except 2 mining..silver and uranium) since Oct 07 and my superannuation has been in Cash Rate (4.75%)+1% since may 08. ( Aust.).

Re Silver...I hold it, BUT it will not surprise me to see it go to $8.50 USD over the next 3 years in spite of all the (supposed manipulation etc). I do not believe there is a shortage and feel it is a proxy for industrials. I sold half at the very peak this year,? good luck, but that spike was too good to let go.
My philosophy...don't fight markets...go with the flow and simply take the signals.
SW from OZ

Commented 4583 days ago

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Beginning of the headline : Before we review current bull/bear signals from silver, Bloomberg had an on the money comment relative to the efforts in Europe: "Recapitalizing the banks is not the solution," said Justin Bisseker, who helps manage 205 billion pounds as a European bank analyst in London for Schroders, Britain's largest independent money manager... Read More

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