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Post by chang on Oct 13, 2021 21:28:59 GMT
What is the theoretical connection between inflation and currency value? Edit: for a weakening dollar, I would think owning foreign stocks (unhedged) or other foreign currency denominated assets would be the best thing — currencies not pegged or highly correlated to the dollar, of course. That was one of my theses behind FICDX, which I'm still holding. Many EM currencies are dollar-pegged or correlated, so I am counting on funds like VGWAX to benefit from a falling dollar. I also have money in Singapore that I want to move out in the next few months. A drop in the dollar would be very opportune for me.
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Post by uncleharley on Oct 14, 2021 12:30:31 GMT
"What is the theoretical connection between inflation and currency value?"
As the price of goods and services rise the value of a currencey declines. Do I misunderstand your question?
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Post by uncleharley on Oct 14, 2021 12:40:06 GMT
Owning assets in a foreign currencey might be a hedge against inflation as measured in U S dollars. I would focus on commodity based currencies such as the Canadian, Australian, or New Zealand dollar. The Norwegian Khrona may also work. I prefer to invest in commodities or producers of commodities as a hedge but there are many ways to approach the problem.
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Post by chang on Oct 14, 2021 12:47:52 GMT
"What is the theoretical connection between inflation and currency value?" As the price of goods and services rise the value of a currencey declines. Do I misunderstand your question? Sorry, I honestly cannot remember what I meant to ask. It was something other than the doh-obvious way it came out, but now it eludes me. Senility, here I come.
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Post by uncleharley on Oct 14, 2021 12:53:34 GMT
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Post by yogibearbull on Oct 14, 2021 13:04:41 GMT
Currency is more related to national finances and international trade flows. Inflation and monetary policy determine sovereign rates. There are temporary periods when strengthening currency AND higher sovereign rates are attractive to foreign investors (or foreign fund flows).
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Post by oldskeet on Oct 17, 2021 11:14:04 GMT
This briefing is for the week ending October 15, 2021. The Index Review For the week the major market indices finished the week up. The Dow Jones Industrial Average gained +1.64%. the S&P 500 Stock Index added +1.93%, the Nasdaq Composite was up +2.29% while the Russell 2000 Small Cap Index gained +1.46%. The three best performing major equity sectors for the week were materials +4.37%, real estate +3.62%, and technology +3.41%. The widely followed S&P 500 Index closed the week with a dividend yield of 1.33% while the 10-year US Treasury bond's yield is listed at 1.58%. Year to date the S&P 500 Index is up +19.1%. Old_Skeet's Global Equity Compass: This week, my three best performers in my global compass were VGK (Europe) +3.18%, EWY (South Korea) +3.62%, and EWU (United Kingdom) +2.93%. Old_Skeet's Fixed Income Compass: For the week my three best performers in my fixed income compass were TLT (20+ Year US Treasuries) +2.22%, LQD (Investment Grade Corporates) +1.07% and HYG (Corporate High Yield) +0.53%. A Blurb About Old_Skeet's Portfolio: Thus far I am up 2.56% in my spiff (special investment) position which I opened back in September. Article of Investment Interest World Stocks Notch Best Day in 5 Months; Oil, Govt Bond Yields Up www.reuters.com/business/global-markets-wrapup-4-2021-10-15/Old_Skeet's Favored Reference Links Short Volume S&P 500 Index ... nakedshortreport.com/company/SPYBreadth Reading ... stockcharts.com/h-sc/ui?s=%24SPXA50R&p=D&b=5&g=0&id=p25768973625S&P 500 Chart, Elder Impulse System ... stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p20881173280T/A Stock Opinion, SPY ... www.barchart.com/etfs-funds/quotes/SPY/opinionT/A Bond Opinion, AGG ... www.barchart.com/etfs-funds/quotes/AGG/opinionThanks for stopping by and reading. I sincerely wish all "Good Investing." Old_Skeet
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Post by uncleharley on Oct 17, 2021 13:23:53 GMT
Thank You for the report. With a sell signal on bonds and a buy signal on stocks, my conclusion is that interest rates are expected to rise further, probably because of ongoing inflation at a somewhat elevated level. If that trend continues, my expectation is for stock prices to begin rolling over.
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Post by uncleharley on Oct 17, 2021 13:47:45 GMT
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Post by richardsok on Oct 17, 2021 16:14:04 GMT
Skeet - I think your data reports would be more valuable if, like harley, you followed up with an actionable opinion. Your observation and conclusion might be as long or as short as you wish. We already get basic data from yogi's Barron's reviews (thanks, yogi!) . If you added your own perspective to conclude your reports, I -- for one -- would be reading your posts with much more interest.
Just a suggestion ....FWIW.
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Post by oldskeet on Oct 18, 2021 8:32:38 GMT
Hi richardsok , Thank you for making comment. If you have been a reader then you would know that under articles of invesment interest I have been linking the thinking an insights of those far more skilled in making market calls than myself. The resource links are provided are for those that choose to view them. They include the Elder Impluse System. I am providing a link for those that would like to read more about the Elder Impluse System. www.investopedia.com/articles/trading/03/092403.asp Perhaps, this will be of some help to you in understanding its use and thus being able to begin to make your own calls. You are welcome to post your thinking of market direction and your read on the market as uncleharley does. You might find the CCI (Commodity Channel Index Indicator) helpful as well (see link). www.investopedia.com/terms/c/commoditychannelindex.aspGenerally, when I have opened a spiff it is because I see opportunity. You might follow my comments concerning my spiffs as this would offer some insight as to what I am doing with a very small percent of my portfolio. Should you shadow trade me then you do so at your own risk as I am a retail investor like many own the board and not an investment professional that gives advice. I have had thoughts of discontinuning posting my thinking and what I am doing as some might consider my thinking and my actions as advise. Seems, Richard, you are wanting advice more so than learing how to use the resource links and being able to make your own calls. At this point in time I am uncertain if I will continue with breifing postings for as you note YBB does post an excellent recap of Barron's weekly. Old_Skeet
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Post by racqueteer on Oct 18, 2021 9:07:40 GMT
I have had thoughts of discontinuning posting my thinking and what I am doing as some might consider my thinking and my actions as advise. Seems, Richard, you are wanting advice more so than learing how to use the resource links and being able to make your own calls. At this point in time I am uncertain if I will continue with breifing postings for as you note YBB does post an excellent recap of Barron's weekly. Old_Skeet I, for one, would prefer you continue your posts; if for no other reason than you provide links to resources that might be poorly known. You go to a lot of trouble, and I think we all appreciate your efforts. I suspect that richardsok's intent was not to criticize you so much as suggesting a way to make your posts even MORE valuable.
As to the suggestion itself, I think it's always useful to hear OPINIONS and gather information; so I certainly wouldn't mind knowing your thinking - should you choose to provide it. I think everyone reading online understands that an anonymous poster's commentary is opinion only. It is up to the person READING to determine what their own actions should be.
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Post by uncleharley on Oct 18, 2021 11:47:18 GMT
Oldskeet, Keep posting your reports. I am never short of an opinion and think I can decipher your sources. lol
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Post by oldskeet on Oct 18, 2021 12:03:37 GMT
Hi guys,
I did not take Richard's comment in a negative way. I post to get readers to think for themselves and not to count on others to get their market reads. Thus the links and articles of investment interest. This is why I have not expressed my thinking where it could be taken as a market read although I have stated, at times, my positioning. Nor have I taken racqueteer's comments in a negative way either. YBB does an excellent weekly recap of Barron's and the market recap information is there as well. In this week's edition was "The Big Money Poll" with market calls by some experts. I'm simply a retail investor and govern by my own calls as I read the market and would not want to mislead.
What works for me might not work for another as I could in no way get the results that FD1000 gets from his investing system, market calls, and positioning that he makes. While they work for him they give me pause. Thus, my purpose is to get readers to think for themselves and make their own calls. For the most part, I am a buy and hold investor that trades around the edges when I see opportunity and not a trader that trades in and out of postions on a frequent basis.
I enjoyed reading Jeff Saut's weekly comments when he was at Raymond James. He posted market calls and I indeed miss his postings. In no way can I provide market depth analysis and the calls that he did. And, I have no plans to try.
I am hoping that this better explains why I have chosen not to make weekly market calls although from time to time I might make a few comments and post what I find interesting about the markets and my read. However, this should not be taken as a market call.
Again, if anybody wishes to make a comment they are welcome including posting their own market calls.
Old_Skeet
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Post by uncleharley on Oct 18, 2021 12:43:40 GMT
The call for this week is that we will have increased volatility and a likely turn down in the broad market. This is based on the fact that we are just a few days before a full moon. The 4 days prior to and the event of a full moon are frequently disturbing.
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Post by richardsok on Oct 18, 2021 13:02:53 GMT
Oldskeet, Keep posting your reports. I am never short of an opinion and think I can decipher your sources. lol Agree. I also hope skeet continues posting in any format he chooses. Did not mean to criticize, but to suggest. I can get -- and usually ignore -- all the (buy this/not that) advice I want all over the internet. But I value the perspectives and viewpoints of people I feel I know. That's a personal bias, maybe, but sometimes I learn an implication that never occurred to me. Probably better if I had never posted. Forget everything I said.
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Post by yogibearbull on Oct 18, 2021 13:12:02 GMT
oldskeet, continue your digests. I do look through them if they appear on Friday night.
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Post by oldskeet on Oct 18, 2021 13:12:33 GMT
Hi Richard, I want you to know your comment was welcome. I don't feel I have the background to be making market calls although from time to time I have exressed my thinking. For those that follow the lunar path ... lunatictrader.com/moon-cycles-in-the-markets/
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Post by uncleharley on Oct 18, 2021 16:31:20 GMT
Hi Richard, I want you to know your comment was welcome. I don't feel I have the background to be making market calls although from time to time I have exressed my thinking. For those that follow the lunar path ... lunatictrader.com/moon-cycles-in-the-markets/That looks like a valuable site to me. My knowledge of the Lunor cycles is mostly based on a couple of conversations with a Chicago Cop and my experiances with fresh water fishing. More and bigger fish bite during the 4 days or so prior to a full moon and a day or two after.
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Post by rhythmmethod on Oct 18, 2021 16:53:06 GMT
Hi Richard, I want you to know your comment was welcome. I don't feel I have the background to be making market calls although from time to time I have exressed my thinking. For those that follow the lunar path ... lunatictrader.com/moon-cycles-in-the-markets/That looks like a valuable site to me. My knowledge of the Lunor cycles is mostly based on a couple of conversations with a Chicago Cop and my experiances with fresh water fishing. More and bigger fish bite during the 4 days or so prior to a full moon and a day or two after. SEE! I KNEW this stuff was astrology!! Just kidding (not kidding).
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Post by oldskeet on Oct 23, 2021 15:59:39 GMT
This briefing is for the week ending October 22, 2021. The Index Review For the week the major market indices finished up for the week. The Dow Jones Industrial Average gained +0.86%. the S&P 500 Stock Index added +1.44%, the Nasdaq Composite was up +1.19% while the Russell 2000 Small Cap Index increased +1.13%. The three best performing major equity sectors for the week were real estate +2.55%, healthcare +2.47% and industrials +1.90%. The widely followed S&P 500 Index closed the week with a dividend yield of 1.30% while the 10-year US Treasury bond's yield was listed at 1.64%. Year to date the S&P 500 Index is up +20.8%. Global Equity Compass: This week, my three best performers in my global equity compass were FXI (China) +3.69%, SPY (US Large Caps) +1.63%, and EWA (Australia) +1.45%. Fixed Income Compass: For the week my three best performers in my fixed income compass were SHY (1 to 3 Year US Treasuries) -0.14%, HYG (Corporate High Yield) -0.44% and AGG (US Aggregrate Bond) -0.45% Commodity Compass: For the week my three best performers in my commodity compass were SLV (Silver) +4.45%, USO (US Oil Fund) +1.54% and GLD (Gold) 1.48%. Producer Compass: For the week my three best performers in my producer compass were SIL (Silver Miners) +3.26%, URA (Uranium) +2.91% and PIO (Global Water) +2.66%. Currency Compass: For the week my three best performers in my currency compass were FXF (Swiss Franc) +0.69%, FXY (Japanese Yen) +0.64% and FXA (Australian Dollar) +0.59%. A Blurb About Old_Skeet's Portfolio: Thus far, I am up 3.83% in my spiff (special investment) position which I opened back in September. Since, this spiff is an Equally Weighted S&P 100 Fund (VYCAX) position I have no plans to add to it until after it makes it's annual year end distribution estimated to be in the 6% to 8% range. For me, it makes little sense to be buying a large distribution. For the most part, I'll just be sitting the 4th quarter collecting dividends and capital gain distributions building my cash position for future deployment as I feel I am currently well positioned for an anticipated fall stock market rally. I remain invested within the confines of my asset allocation of 20% cash, 40% bonds & 40% stocks with rebalance thresholds set at + (or-) 2% from neutral (or target) weightings with overweights (underweights) possible at + (or -) 5% form their neutral weightings while I generally let cash float. Article of Investment Interest Wall St Week Ahead: Tech Giants' Earnings May be Another Test for Markets at New Highs www.reuters.com/article/usa-stocks-weekahead-idUSKBN2HC2DPBarron's Big Money Poll www.barrons.com/articles/stock-market-covid-economy-outlook-51634312012Our Top Cripto Play Insn't a Token www.fool.com/ext-content/why-this-one-stock-set-to-make-money-on-bitcoin-at/?Old_Skeet's Favored Reference Links Short Volume S&P 500 Index ... nakedshortreport.com/company/SPYBreadth Reading ... stockcharts.com/h-sc/ui?s=%24SPXA50R&p=D&b=5&g=0&id=p25768973625S&P 500 Chart, Elder Ray System ... stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p20881173280T/A Stock Opinion, SPY ... www.barchart.com/etfs-funds/quotes/SPY/opinionT/A Bond Opinion, AGG ... www.barchart.com/etfs-funds/quotes/AGG/opinionComment: It was recently suggested, by a reader, that a market call be added to the weekly breifing to make it more appealing. However, short term calls are extremely hard to make. With this, I have provided links to some of my sources that assist me in my personal market reads. The links below will explain the Elder Ray Indicator System, Commodity Channel Index, Money Flow Index, Slow Stochastic Indicator and Market Breadth which Old_Skeet frequently uses as an aid in making my market reads. For the most part, I leave market calls to the experts to voice their thinking which can frequently be found in the articles of investment interest section of the briefing. In addition, there are the T/A links for stocks (SPY) and bonds (AGG) that might be of interest. However, I took the readers comment to heart. And, with this, I have expanded the compass coverage in hopes the briefing will become more interesting and informative. www.investopedia.com/articles/trading/03/022603.aspwww.investopedia.com/terms/c/commoditychannelindex.aspwww.investopedia.com/terms/m/mfi.aspwww.investopedia.com/ask/answers/06/daytradingstochastic.aspwww.investopedia.com/terms/m/market_breadth.aspThanks for stopping by and reading; and, I wish all "Good Investing" in your journey to becoming a better and more seasoned investor. Old_Skeet
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Post by fritzo489 on Oct 23, 2021 16:07:23 GMT
oldskeet, Good choice, " I leave market calls to the experts to voice their thinking which can frequently be found in the articles of investment interest section of the briefing." fritzo489
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Post by uncleharley on Oct 23, 2021 19:03:47 GMT
Inflation seems to be on everyones mind and someone posted something about the price of oil and its direction. The comment caused me to look at the long term chart for WTIC, and behold, it looks like oil is headed for $100 per brl. An article that I cannot link on Marketwatch indicates that the storage tanks at Cushing Oklahoma are basically empty. Anyway here is my long term chart for domestic crude oil. stockcharts.com/h-sc/ui?s=$WTIC&p=M&b=2&g=0&id=p2194249541c&a=443663784&listNum=86 I could see a pause at about $90, but I can also see a run to $110. It could be a rather sharp move imho.
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Post by uncleharley on Oct 27, 2021 11:52:15 GMT
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Post by oldskeet on Oct 29, 2021 21:28:36 GMT
This briefing is for the week ending October 29, 2021. The Index Review For the week the major market indices finished up for the week. The Dow Jones Industrial Average gained +0.40%. the S&P 500 Stock Index added +1.33%, the Nasdaq Composite was up +2.70% while the Russell 2000 Small Cap Index increased +0.26%. The three best performing major equity sectors for the week were consumer discretionary +4.35%, technology +1.97% and healthcare +1.63%. The widely followed S&P 500 Index closed the week with a dividend yield of 1.29% while the 10-year US Treasury bond's yield was listed at 1.56%. Year to date the S&P 500 Index is up +22.6%. Global Equity Compass: For the week my three best performers in my global equity compass were QQQ ( US NASDAQ QQQ) +3.21%, EWT (TAIWAN) +1.55% and SPY (US Large Caps) +1.36%. Fixed Income Compass: For the week my three best performers in my fixed income compass were TLT (20+ Year US Treasyries) +2.47%, LQD (Investment Grade Corporates) +0.88% and IEF (7-10 Year US Treasuries) +0.59% Commodity Compass: For the week my three best performers in my commodity compass were DBA (Agriculture) +1.63%, UNG (Natural Gas) +0.49% and GLD (Gold) -0.67%. Producer Compass: For the week my three best performers in my producer compass were TAN (Solar) +12.05%, PBD (Global Clean Energy) +6.64% and LIT (Global Lithium & Battery Tech) +4.62%. Currency Compass: For the week my three best performers in my currency compass were FXA (Australian Dollar) +0.73%, UUP (US Dollar Bullish) +0.52% and FXC (Candian Dollar) +0.00. A Blurb About Old_Skeet's Portfolio: Thus far, I am up 3.96% in my spiff (special investment) position which I opened back in September. Since, this spiff is invested in Voya Corporate Leaders 100 Fund (VYCAX) I have no plans to add to it until after it makes it's annual year end distribution estimated to be in the 6% to 8% range. For me, it makes little since to be buying a large distribution. I will be building cash during the most part of the 4th quarter while being fully invested within the confines of my (20/40/40) asset allocation model. I will rebalance, if warranted, during the 1st quarter of 2021. Articles of Investment Interest Wall St Week Ahead: Stocks Approach Historically Strong Period but Fed Taper Looms www.reuters.com/article/usa-stocks-weekahead-idUSKBN2HJ2JJLyn Alden's Newsletter titled "A Resurgence in Value." "This newsletter issue takes a look at value stocks compared to growth stocks, and makes an argument for at least a mild resurgence of value performance. It also provides an update on the current inflation situation, particularly for housing." www.lynalden.com/october-2021-newsletter/Old_Skeet's Favored Reference Links Short Volume S&P 500 Index ... nakedshortreport.com/company/SPYBreadth Reading ... stockcharts.com/h-sc/ui?s=%24SPXA50R&p=D&b=5&g=0&id=p25768973625S&P 500 Chart, Elder Ray System ... stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p20881173280T/A Stock Opinion, SPY ... www.barchart.com/etfs-funds/quotes/SPY/opinionT/A Bond Opinion, AGG ... www.barchart.com/etfs-funds/quotes/AGG/opinionThe links below explain the Elder Ray Indicator System, Commodity Channel Index, Money Flow Index, Slow Stochastic Indicator and Market Breadth which Old_Skeet frequently uses as an aid in making his personal market reads and used to engage (disengage) his spiff (special investment) positions. www.investopedia.com/articles/trading/03/022603.aspwww.investopedia.com/terms/c/commoditychannelindex.aspwww.investopedia.com/terms/m/mfi.aspwww.investopedia.com/ask/answers/06/daytradingstochastic.aspwww.investopedia.com/terms/m/market_breadth.aspThanks for stopping by and reading; and, I wish all "Good Investing" in your journey to becoming a more skilled investor. Old_Skeet
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Post by uncleharley on Oct 30, 2021 17:12:08 GMT
I hate it when everyone is on the same side of the boat.
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Post by oldskeet on Nov 5, 2021 22:48:45 GMT
This briefing is for the week ending November 5, 2021. The Index Review For the week the major market indices finished up for the week. The Dow Jones Industrial Average gained +1.42%. the S&P 500 Stock Index added +2.00%, the Nasdaq Composite was up +3.05% while the Russell 2000 Small Cap Index increased +6.09%. The three best performing major equity sectors for the week were consumer discretionary +5.03%, technology +3.44% and materials +3.17%. The widely followed S&P 500 Index closed the week with a dividend yield of 1.26% while the 10-year US Treasury bond's yield was listed at 1.45%. Year to date the S&P 500 Index is up +25.07%. Global Equity Compass: For the week my three best performers in my global equity compass were IWN (US Russell 2K) +6.03%, QQQ ( US NASDAQ) +3.23%, and EWJ (JAPAN) +2.87%. Fixed Income Compass: For the week my three best performers in my fixed income compass were TLT (20+ Year US Treasyries) +1.09%, LQD (Investment Grade Corporates) +1.01% and IEF (7-10 Year US Treasuries) +0.94% Commodity Compass: For the week my three best performers in my commodity compass were GLD (Gold) +1.91%, UNG (Natural Gas) +1.63% and SLV (Silver) +1.18%. Producer Compass: For the week my three best performers in my producer compass were URA (Global Uranium) +8.19%, XME (Metals & Mining) +4.01% and GDX (Gold Miners) +3.28%. Currency Compass: For the week my three best performers in my currency compass were FXY (Japanese Yen) +0.53%, FXF (Swiss Frank) +0.39%, UUP (US Dollar Bullish) +0.12%. A Blurb About Old_Skeet's Portfolio: Thus far, I am up 6.59% in my spiff (special investment) position which I opened back in September. Since, this spiff is invested in Voya Corporate Leaders 100 Fund (VYCAX) I have no plans to add to it until after it makes it's annual year end distribution estimated to be in the 6% to 8% range. I will be building cash during the most part of the 4th quarter while being fully invested within the confines of my portfolio's (20/40/40) asset allocation (cash, bonds and stocks). I will rebalance, if warranted, during the 1st quarter of 2021. Articles of Investment Interest Wall St Books Records, Weekly Gains on Strong Jobs Report, Pfizer COVID-19 Pill Cheer www.reuters.com/article/usa-stocks-idUSKBN2HQ18LBond Funds That Are All Defense Tag line form the article reads ... "Not all funds in the ultrashort bond Morningstar Category are created equal." www.morningstar.com/articles/1063674/bond-funds-that-are-all-defenseOld_Skeet's Favored Reference Links Short Volume S&P 500 Index ... nakedshortreport.com/company/SPYBreadth Reading ... stockcharts.com/h-sc/ui?s=%24SPXA50R&p=D&b=5&g=0&id=p25768973625S&P 500 Chart, Elder Ray System ... stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p20881173280T/A Stock Opinion, SPY ... www.barchart.com/etfs-funds/quotes/SPY/opinionT/A Bond Opinion, AGG ... www.barchart.com/etfs-funds/quotes/AGG/opinionThe links below explain the Elder Ray Indicator System, Commodity Channel Index, Money Flow Index, Slow Stochastic Indicator and Market Breadth which Old_Skeet frequently uses as an aid in making his personal market reads and used to engage (disengage) his spiff (special investment) positions. www.investopedia.com/articles/trading/03/022603.aspwww.investopedia.com/terms/c/commoditychannelindex.aspwww.investopedia.com/terms/m/mfi.aspwww.investopedia.com/ask/answers/06/daytradingstochastic.aspwww.investopedia.com/terms/m/market_breadth.aspThanks for stopping by and reading; and, I wish all "Good Investing" in your journey to becoming a more skilled investor. Old_Skeet Trailing Comment: My outlook. Seems the fall and winter seasonal stock market rally has started; and, with this, Old_Skeet plans to stay invested until I see the current upward trend begin to break down. Naturally, I also expect some consolidation with a target of 5,000 before year end for the S&P 500 Index which would mean a little better than a 6% gain from Friday's (November 5th) closing price of 4697.
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Post by uncleharley on Nov 6, 2021 12:40:59 GMT
My contribution is a confession and a chart. The confession is that I sold most of my silver position on the morning news that the employment report was better than expected. I should have followed a rule of mine and waited to see what the markets reaction was to the news. The result of my lack of discipline was buying back most of the position at a higher price before the close. The apparent lesson on that excersize is that sometimes we just have to be retrained in subjects that should be 2nd nature by now. My chart is the weekly chart for SLV. The pattern is a developing flag on a flagpole. The pattern is a continuation pattern which means that when the flag is complete and the breakout is executed, the flag should be continued. That projects a run to about $40 from the current $24 or so. The run should be rather steep. I will not be trading again on any news headline. stockcharts.com/h-sc/ui?s=SLV&p=W&b=2&g=0&id=p90310518794&a=432587104&listNum=86
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Post by richardsok on Nov 6, 2021 13:44:38 GMT
I wouldn't be too hard on myself, harley. Some of us have made part-time careers getting snookered & whipsawed by precious metals. I've never found a tradeable PM asset - stock, ETF or CEF that regularly forms a decent chart. Precious will punish you in bear markets but won't reliably reward you in bull mkts. Perhaps there's merit in the theory that the rise of crypto has caused an entire generation of potential traders and investors to lose interest in PMs.
Of course, inflation demands that PMs will strongly rise one day -- but I've been saying that for 25 years.
Metals and miners have been dead money for going on a year now. Every new bull signal has been a trap. I've never been a "duy the dips" guy -- it runs counter to my belief in technicals -- but maybe I should learn. The only tactic that has worked for me has been to buy a coin -- ONE coin or bar -- every month for several years and just sock it away; only my daughter and cat know where -- and the cat ain't talking.
What I lose in dividends my daughter will recover stiffing the IRS.
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Post by uncleharley on Nov 6, 2021 14:34:11 GMT
I have been blaming the QE program for PM's underperformance, but cryptocurrencey may have something to do with it also.
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