From the digital studios of MarketClub
Here is a simple question for you: which would you rather buy right now, gold or silver?
Gold has incredible amounts of emotional baggage attached to it, while silver is in a different league - at least for the moment. This video will show you two indicators that can help you capture either market when and if the upward trend decides to resume.
With all of the world's troubles, there are plenty of reasons why one would think that both of these markets should be much higher. The question is, why aren't they? I think that the video you're about to watch will help answer some of those questions.
In today's short educational trading video, I put together comparisons between these two markets and why the obvious choice may not be the best choice.
As always our videos are free to watch and there are no registration requirements. All we ask is that you take the time to perhaps comment on the blog about what you think of the video and also what you think of gold and silver. Please feel free to Tweet or email your friends about this video.
Adam Hewison here, wishing you every success in the markets, trading, and life.
President of INO.com
Co-founder of MarketClub
How much Silver to you hold now?
I'll gladly pay you $5/oz cash, what a steal, er uh, I mean deal for you! Gold and $1500 and Silver at $50 will likely be the mental tops, but believe we will definitely get there...too many things messed up right now.
Gerald said: "silver is in a bubble and will collapse back into the 3 and 4 dollar range.
There is a virtually unlimited supply of silver held by big players who make tons of money shorting this pig."
Haha thanks for the good laugh! Anyone who follows the silver market knows the physical supply is very tight right now. $3-$4 silver is about as likely a prediction as the Dow going to 1000. Good luck though!
I am long silver (physical) for the duration. Until the entire house of cards collapses. After the fall of the Federal Reserve, Federal Government, Federal Express and any other federal entity out there. Then and only then MIGHT I consider selling my silver.
The trend is very strong in silver right now. I am watching to see if the right shoulder forms in gold. It is close to reverse H&S for a big upswing.
Gold, silver is in a bubble and will collapse back into the 3 and 4 dollar range.
There is a virtually unlimited supply of silver held by big players who make tons of money shorting this pig.
I was short in gold on the double top of november. My position confirmed by itself on the triple top of december. I covered my position when gold reached her SMA150 on a doji. By now, the new highs of gold did not convice me to take heavy position long in gold stocks. I think gold is trading in a trading range which is a little bit higher than the last months but not enough relevent to be big long before a major breakout. For Silver, I traded SSO.tsx for the last months and made great profit trading the stock. By now, for me Silver prices are too high for me, since it is trading twice the price it was 8 or 10 months ago. I think it is as well overbought. Even though it might go a little higher, with these sideways market conditions, I am waiting for a reversal pattern to get short in Silver stocks. I also have a question about the fibonacci retracements. Wouldnt it be more relevent to use the close of your upper and lower candlestick to define your 0% and 100% retracements? Just like me use close and opening to do trace our trendlines. Thanks
Great web site a lot of great info, great stock screening!
Thank you
Huberyankee,
Thanks for your feedback. Looks like you have a pretty good handle on the market.
Adam
I was short in gold on the double top of november. My position confirmed by itself on the triple top of december. I covered my position when gold reached her SMA150 on a doji. By now, the new highs of gold did not convice me to take heavy position long in gold stocks. I think gold is trading in a trading range which is a little bit higher than the last months but not enough relevent to be big long before a major breakout. For Silver, I traded SSO.tsx for the last months and made great profit trading the stock. By now, for me Silver prices are too high for me, since it is trading twice the price it was 8 or 10 months ago. I think it is as well overbought. Even though it might go a little higher, with these sideways market conditions, I am waiting for a reversal pattern to get short in Silver stocks. I also have a question about the fibonacci retracements. Wouldnt it be more relevent to use the close of your upper and lower candlestick to define your 0% and 100% retracements? Just like me use close and opening to do trace our trendlines. Thanks
Great web site a lot of great info, great stock screening!
I was short in gold stocks on the double top of november my position confirmed by itself when gold made a triple top in early december. I covered the half of my positions when gold reached is 150SMA on a doji. And the other half on your monthly red daily triangle in early january. For instance, seeing gold reaching new highs and failling at them makes me think about going short again. But I will stay outside of the market because it is trading in a trading range and the stocks did not rally as much as gold did since january lows. For Silver, I traded SSO.tsx on the long side on for the last couple of months and it I had great profits trading it. By now, for me silver is trading at too high level for me to take a long position even though it might be going a little bit higher. The trading price as doubled in not even a year. I will be looking for reversal pattern in silver to get short in stocks as well. I have a question about fibonacci retracements. I was wondering why you didnt use the closing of each candlestick (high and low) to define your 0% and 100% retracements? Wouldnt it be more relevent?
Thank you
Huberyankee,
I prefer to use the hi ghs and lows with Fibonacci retracements.
Thanks,
Adam
irealy like the new portfolio manager so much easier to stay organized and find the hot sectors. im up 10% in 2 months. thanks
Great,
Happy it is working for you.
Adam
both are winners in my book, now, near future, far future. buy and take delivery! be smart!