Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Silver Crash 2006 vs Silver Today, Does it look Familiar?

Commodities / Gold and Silver 2011 Apr 23, 2011 - 03:04 AM GMT

By: Submissions

Commodities

Best Financial Markets Analysis ArticleWillem Weytjens writes: First of all, here is an update of a chart I posted 3 weeks ago…


Chart created with Prorealtime

Second of all, here is a chart of the gold-to-silver ratio:

Chart courtesy stockcharts.com

Now let’s have a look at Silver in 2006, when it also made a parabolic move:


Chart courtesy stockcharts.com

Here is the current situation:

Chart courtesy stockcharts.com

Although silver is not as stretched above its 50 days Moving Average as in 2006, it is as stretched above its 200 DMA as in 2006.
Also, the RSI is very high, but not as high as in 2006, so we MIGHT see 1 or 2 more days to the upside, but then we might get a Deja Vu of 2006.
For those of you who want to know what happened on April 20th 2006, here is a chart:


Chart courtesy stockcharts.com

Short URL: http://profitimes.com/?p=1418

By Willem Weytjens

http://profitimes.com

Copyright © 2011 Willem Weytjens - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Kevin
23 Apr 11, 13:11
Silver Crash 2006 vs Today

We can only hope for a drop as a better entry pricing point. I have been in since Silver was at $16 and buying in up till $44. I really think we need a pullback to go higher and I'm gathering cash to make that next long term buy.

I think Bernanke's statement next week could be the catalyst for a oil and PM pullback. Cross your fingers and keep stackin


ron
22 Jun 11, 15:06
circulated american silver eagles

I can buy circulated american silver eagles for 1 dollar over spot price. I have been buying everyone I can get my hands on at that price.

QUESTION: is there any monetary benefit to buying circulated silver eagles versus regular generic 1 ounce rounds? my eagles are in excellent condition just a little frosting worn a bit.

I would appreciate if anyone could answer my question, thank you very much and have a good day.--ron


Nicholas Barrett
23 Jun 11, 18:35
Damaged 999 silver coins

Ron: Damaged 999 silver coins are very easy to sell where I live (a city with a big jewellery industry) and are perhaps slightly preferred to medallions of less well known provenance. 999 is preferred to sterling (925) and less pure metal. When demand for silver is high, you may get the same price for damaged 999 coins you paid 10% less for as you get for the same in good condition that you paid 10% extra for; however in general I think there is nothing easier to sell than 999 coins in mint condition. I have found that people are willing to pay a premium for mint 999 coins, for example in rolls of 20, but I also have to pay a small premium when I buy them. PLEASE NOTE: I have said price may vary according to the City you live in (and even the shop in the city you sell to) but it may also vary considerably depending on the Country: e.g in the UK in some cases you might have to negotiate V.A.T. and I don't know about tax in the U.S.A. Good luck. Nick.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in