Replies to post #7045 on Matt_Chart - Favorite Technical Analysis Charts

[tickettoride]

http://www.zerohedge.com/article/goldsilver-ratio-silver-going-higher#attachments

[Matt_Chart]

Gold and Silver appear to be encountering a bit of resistance here. Important we break these levels or we could see a head n shoulders pattern form.

Gold/Silver Ratio still closing in on 45:1

[Matt_Chart]

Silver Looks Like A Possible Breakout Forming if this can hit $28.00

[Matt_Chart]

Silver Looks like it's breaking out past it's last high point. And we hit a low of 46.13 on the gold silver ratio. 45 is a big resistance on the ratio and if it doesn't break this level we will see gold start to out preform silver. Usually that means a sell off in the metals as silver will fall faster than gold.

Lets see what the future brings.

[Matt_Chart]

Silver correction Today near the close. Watch for a re-entry near mid/low $27 for a bounce. Hit Reply for the gold silver charts.

[Matt_Chart]

Silver and Gold remain in their upward trends above their trend support lines. Gold shows slightly more weakness than silver. Right now they are consolidating.

Will we get another rally in the metals?

hit reply to gold/silver charts

[Matt_Chart]

Silver is touching the trend support line as this consolidation continues.

Hit reply to charts

[Matt_Chart]

SILVER Breakout! Up $1. Looks like new highs are coming up here!

[Matt_Chart]

Silver is 2 cents away from its 30 year high! So close push baby push!

[Matt_Chart]

SILVER TECHNICAL BREAKDOWN

reply to charts. We hit the 45:1 Gold Silver Ratio that I had been predicting as a target and silver has broken its rising trend support line that it has held since August. I think we will see a consolidation and prices should come back to test the $25 support level on silver prices.

Look to buy more of your favorite assets as the prices come down.

[L-Back]

Five reasons silver glitters more than gold
Jan. 14, 2011, 12:01 a.m. EST
http://www.marketwatch.com/story/five-reasons-silver-glitters-more-than-gold-2011-01-14


By Jeff Reeves
ROCKVILLE, Md. (MarketWatch) — There are several reasons to love gold right now. From the twin specters of a weak dollar and commodity inflation, to the recent all-time highs north of $1,430 an ounce, to returns that doubled the broader market in 2010.

Yet investors who focus on gold and ignore silver could be missing an even better bet. Demand and performance numbers show that silver is beating gold handily right now and has been for a while. What’s more, a look at the uses and possible supply bottlenecks of silver shows that this metal could have an upside gold may not enjoy in the new year.

While both gold and silver have rolled back recently — a 5% decline for silver and a 3% decline for gold since Dec. 31 — there’s no doubt many investors are considering the drawback little more than a pause before the commodities skyrocket once more.

Don’t be fooled by gold’s glitter —- here are five reasons silver may be a better play for your portfolio — and several investments to capitalize on the metal’s run.

Silver’s performance

Silver has lapped gold’s gains better than three times over the past year, with appreciation of about 79% compared with 24% for gold. Silver also has better long-term performance, with three times gold’s run in the past 20 years. Specifically, silver has posted gains of about 637% since early 2009 compared with 255% for gold in the same period.


Remember, past performance is no guarantee of future results. But a look at just about any time frame over the past few decades shows that silver has outperformed gold. Another annual gain of nearly 79% may be a bit unrealistic, but if you think precious metals are on the rise, you should bank on silver instead of gold.

Silver production bottleneck

According to historic estimates, about a century ago there were about 12 billion ounces of unmined silver. In 1990, commodities research firm CPM Group pegged that figure at 2.2 billion ounces. But today, that figure has fallen to less than 1 billion ounces in above ground refined silver — a number that’s shrinking every day. Recycling is common for silver, but the dwindling supply of metal in the ground is creating a bottleneck. Read about six mining stocks to sell immediately on InvestorPlace.

Silver demand increase

What’s more, a shift in who owns silver has contributed to a bottleneck. Stockpiles of silver were for decades largely part of Commodity Exchange warehouse inventories. COMEX inventories were mostly commercial holdings, with a small portion being held for investment purposes — peaking at around 280 million ounces in the early 1990s, according to a report by Ted Butler.

Then a funny thing happened — after the introduction of silver Exchange-Traded Funds, there was a profound shift in the location and structure of world visible silver inventories. Rather than being a commercial stockpile, investment holdings have overshadowed conventional-use silver by 4 to 1.

Given the long-term nature of ETF investment holdings and the current silver boom, it’s highly unlikely this new floor for silver prices will go anywhere. That skews the chart upward for silver. Read about eight dividend stocks likely to boost yields on InvestorPlace.

Silver is useful

Not to get all scientific on you, but silver is an amazing element. The substance has the highest electrical conductivity of all metals, even copper. That means it’s useful in electronics, from high-end speaker wire to computer keyboards to circuit boards. Silver oxide and silver-zinc batteries are also used in many applications due to their long life and impressive energy-to-weight ratio. In short, you can use silver — and while gold is also highly conductive and used in a limited manner in industrial and electronic applications, it is cost-prohibitive and in many ways inferior to the conductivity silver provides.

[Matt_Chart]

Watch for a bottom in the metals coming up. Gold just hit $1322.90 I think gold is testing its support trend and if it bounces, silver should follow.

It soon should be a time to buy ETF's, stocks, futures and of course physical metals. Everyone please check out PSLV a new silver ETF by sprott asset management that actually has all the silver they claim they do.

[Matt_Chart]

$SILVER Breakout Watch

Silver looks ready to breakout and run here and so should gold. MACD hooking upand should test downtrend line.

[Matt_Chart]

SILVER BREAKOUT! GOLD ABOUT TO RUN AS WELL!

Hit reply to charts. I think we should see +$43 from here in the next 4-8 months.

Load up on mining stocks, options, ETF's, bullion, anything you can for a nice long trade!

[Matt_Chart]

Gold and Silver Charts Have Been Updated

[SilverSurfer]

so Silver E-Wave 3 runs to $46 ; E-Wave 4 corrects to around $30 then Wave 5 to $60..... right? All in 2011 - giddy up!

[Matt_Chart]

Everyone check out the silver short term chart. After a massive run +$34 we may have reconnected with the trend support line. We may expect a bounce from this level to continue the run.

[tickettoride]

wait till this chart updates thats going to be one big candle

[CowBoE]

Good stuff. I think I'm going to do some research into this as well.

Want to really capitalize on silver bounce that trails gold.