Silver, one of the things the FED can't print

Discussion in 'Technical Analysis' started by countryBoy641, Jan 15, 2023.

  1. themickey

    themickey

    It's a strange situation because it depends on time frame.
    Gold has outperformed the DJIA over 20 years by about 30%.
    DJIA has outperformed gold by 100% over 30 years.

    But we live in the real world, no one I know on ET invests for capital gains, gold or Dow stocks for 20-30 years, most of us trade in hours, days, weeks or months with the odd stock maybe 5 years if lucky.

    The difficulty I have with trading gold stocks is they dance all over the place and silver yet more volatile again.
    I don't know with a high degree of certainty what gold or silver will do next, they just meanders off into a certain direction for no apparent rhyme nor reason like lost sheep.
    It probably more suits short term traders than long term.
    ^XAGUSD_Barchart_Interactive_Chart_01_18_2023.png
     
    #11     Jan 17, 2023
    Peter8519 and murray t turtle like this.
  2. schizo

    schizo

    Now, tell me why the FED needs to print Silver in the first place. It's been a dog for a long time, underperforming well below all its peers like Gold or Copper. It wasn't until the smartphone makers decided to use it that it gained any traction. If it weren't for them, I'm sure Silver would be treated like dirt.
     
    #12     Jan 17, 2023
    murray t turtle likes this.
  3. %%
    Even with some well picked time slots;
    metals have a huge bid\ask, storage fee, insurance unless one wants to self insure. Mines are an interesting business.
    I like cherry eating more than cherry picking, but i do some apple picking/ so that's fine with me.
    Biggest copper mine in US started out as a silver mine/Anaconda Copper; i think Atlantic Richfield [ARCO] bought them out....................................
    I told a metals dealer recently, as he handed me some cash, ''that's better than the lotto, isnt it??'' Yes it is he said.
     
    #13     Jan 17, 2023
  4. schizo

    schizo

    Wait, I thought ARCO was that cheap gas station!
     
    #14     Jan 17, 2023
    murray t turtle likes this.
  5. %%
    THEY are .
    I re checked it, ARCO bought Sinclair Oil Co......
    I remember their unusual logo= a green dino, as a kid.
    I think some of the greens are green with jealousy @ that green dino sign/LOL:D:D
     
    #15     Jan 17, 2023
  6. themickey

    themickey

    Restored_Sinclair_gas_pump.jpg
     
    #16     Jan 17, 2023
    murray t turtle likes this.
  7. %%
    Like Greta TinTin Thunburg said ''HOW dare You??''[Real name]:caution::caution:
    I was in process of buying a gold stock to day, sold most of gold[ contain copper, silver, hid treasure....]ETFs. But i realized i was getting to large % of ADRs.
    Black gold sector can do better than tin or gold stock sector;
    but depends a lot on time frame.
     
    #17     Jan 18, 2023
  8. cosmo88

    cosmo88

    Silver, just like gold, has a good seasonal pattern in the first weeks of the year.
    This year it has worked well again.
    seasonality-strength-metals-gold-silver-copper-platinum-palladium.png
     
    #18     Jan 31, 2023