A technical outlook for silver, Ivanhoe Mines and SilverCrest Metals
Rick is with us a little later today but he is still sharing his technical outlook on a few different charts. Here are the charts we look at today:
- Silver,
- Ivanhoe Mines – IVPAF & TSX:IVN,
- SilverCrest Metals – SVCMF & TSX.V:SIL
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SPY is up less than 8% YTD and SLV is up 38%.
It clearly does get a big fat “F”antastic!
F stands for fool.
Just watch.
That too!
I suggest that a fool should just wait, with regard to silver.
Well we did not have to wait long. Silver is up today.
Furthermore, I track a number of US silver stocks……everyone was up today.
EXK Endeavour Silver Corp
AXU Alexco Resource Corp
HL Hecla Mining Company
FSM Fortuna Silver Mines
AG First Majestic Silver
PAAS Pan Amer Silver Corp
BVN Compania Mina Buenaventura
SLW Silver Wheaton Corp
GPL Great Panther Silver Ltd
MAG MAG Silver Corp
SSRI Silver Stand Res
ASM Avino Silver & Gold
TAHO Tahoe Res Inc
They are listed by medium time-weighted alpha, I.e. Those with best upwards momentum are at the top.
(I have not picked only up stocks. This is my silver tracking list, which I have posted before.
I own 8 of those silver stocks, and more! SIlver is going to triple digits.
Here is yet another republication of my fundamental near case for silver which I originally published 4/19/2014 on this blog. It is worth rereading!
The Fundamental BEAR CASE for SILVER.
For centuries now silver has served as a medium of exchange, a store of wealth, an industrial instrument , a household utensil, and an ornamental heirloom.
And yet as we speak an ounce of silver hovers slightly above $21 an ounce.
The price would hardly indicate that this precious metal is indeed rare, unique, sought after, or indispensable.
And yet that is what we are supposed to believe?
I think not. Fool me once shame on you. Fool me twice shame on me.
The new siren call for silver, like the boardwalk carnival barkers, is the fabulous wealth opportunity silver has to offer for those savvy investors who have the patience to wait and the ability to see way into the future. Rubbish I say.
We are to believe that all these technological and industrial uses for silver will some day make it indispensable and by correlation outrageously expensive. Hog wash I say.
The nature of economics, business and technology in particular has always been to find a better way. A more practical way. A more efficient way. A more economical way.
This always has been and always will be.
Like the dinosaurs, new business models spring up, old ones die a natural death.
It is survival of the fittest. And this is how it should be.
Right now digital content management, 3D printing, NANO technology are a few of the latest technological innovations that are creating paradigm shifts in the way we process, distribute, and organize content, how we manufacture, how we develop medical procedures, point of sale, identity security… On and on it goes.
Whenever there is a challenge, technology finds a solution.
Cheaper, faster, smaller.
This will never change
And so are we to believe that businesses, industries, governments will become increasingly more dependent on a metal that is becoming more and more rarer and more and more expensive?
Never, never in a thousand years. And funny that’s almost as long as it’s been.
Technology will find a way. New approaches will be taken. Synthetic chemicals will be tried, new business models will be entertained. Substances not even yet discovered will replace older materials. This is the track record of history. It will not change.
Does anyone really think if we need silver that badly, businesses and governments will let the price increase substantially?
Again no. They will keep it down. They will keep it affordable. This is only logical.
I would also add anyone who is predicting what the future holds, 10, 20, 30 years out is rather foolish. And anyone advocating holding onto silver that long waiting for some payout is all together mad.
Just look backwards thirty years from today. It wasn’t all that long ago.
Did you expect to see cars that drive themselves?
Did you expect to see storage capacity that can hold a cities worth of data in something no bigger than a grain of rice?
Did you expect to see content from the entire globe delivered to your computer in the time it takes to say “Google”
To think that 20 years from now will not be radically different from what we are living in today
is folly. Innovations, devices, platforms we can’t even dream of today will be common place.
To think that somehow silver will play a part in this is incredible.
Can silver play a role as a monetary metal?
Absolutely. It can serve in this capacity.
But again the price will always be encumbered by government, business, industry.
To sum it up –
If you like silver, hold silver. Enjoy silver in all its forms.
But to wait decades for some expected payout is not the best use of ones time or capital.
We do not have decades. We are not going to live forever. Life is too short.
I for one regret more and more each day I didn’t sell out at $48
I even wish I had sold out at $40. Even $30 is looking good.
Did I lose anything? Not monetarily, no. But time is money!
Everyone needs to do what they feel is right. But I hope this gives you another perspective..
Anyone that says they didnt make a mistake not selling above 40 is not exactly truthful.lol
If I recall the cry at the time was buy buy buy before there is none available.
But for those of us that caught the bounce from dec/jan, thats good, but its been paint drying since.
Some people have predicted a low in Oct, maybe we get a bounce after that.
I bough some Ag in 2015 for $14.50 / Oz
I would gladly take profits if it every hits $30.
On the other hand, owning Ag makes me feel safer in the world of impossible debt levels and Jubilees, etc.
Rick Ackermans technical outlook on individual stocks and the metals are very much appreciated.
Thanks,Big Al and Cory
YTD?
What is SLV for the last two years?
A big F as in Flat!
How bout we go back 5 years
You just can’t make the case but you get an “A” for Attempting!
OIL TO DA MOON!!!
According to my calculations for IVPAF:
Price Support Pivot Point Resistance
1.7300 1.6276 1.7619 1.8962
Gents,
Thank you for reviewing Nevsun, Ivanhoe and Lundin over the last few days.
Copper plays may be a good investment if copper this $1.86.
I am waiting and watching with a little dry power set aside.
~X
Trading for those “glued” to it has been profitable at times.
Not for buy and holders tho compared to other options.
Traders are here, not too many buy and hold people around anymore it seems.
b I’m a buy and hold, though this wasn’t the best strategy in this space.
I hold too long. My NUGT was a waste. I gave back all my profit.
Now due to the split I have 5 times more crap I don’t need
James, you don’t buy and hold vehicles like NUGT. That thing is for pros and they are more likely to short it than buy it.
Got greedy did we? Ever hear of a stop?
Obamy Just GOT VETOED…..lookout Saudi Prince
Obamy humiliated…..congress says no more humanitarian (fake) awards…small golf award to be awarded with church attendance plaque.
Also, Obamy to receive pot pipe as going away present.
Saudi family will make the Americans pay with increase in oil prices.
Netted 3% on UWTI today. Going long NUGT. Also playing MRO, ECA, and ASM.
Just caught 2nd half of Rick rule on bnn.Of course his favourite stock is still Ivanhoe and why not.Of interest was his point on platinum that it has to go up cuz right now it sells for less than cost.For lithium fans,he pointed out the 4 biggest lithium produces have enough stock piles for many(believe he said 100) yrs and that a lithium battery is made up mostly of nickel very little actual lithium…..if not to busy I will try to post link when it’s available
Re: batteries for electric cars being made up mostly of nickel… I believe Ross Beaty/Tom Kaplan mentioned that at Beever Creek’s.
I had posted a few days ago about it, if some of you saw it. 😉
Best to all, and GL investing/trading.
LPG
Solid-state Batteries for Sensors, Electric Cars and the Grid
July 27, 2016
By Philippe Vereecken and Mieke Van Bavel
What is Lithium Carbonate?
A brief overview of Lithium Carbonate and its uses.
5 Basic Lithium Facts
Here’s a look at five basic lithium facts investors should know.
Investing News Network • September 12, 2016
“Lithium-ion batteries power everything from cellphones to laptops to electric vehicles, and demand for the metal is certainly on the rise. It’s almost a basic lithium fact at this point that companies and investors are continually being drawn in by news of Elon Musk and Tesla Motors’ (NASDAQ:TSLA) lithium-ion battery gigafactory.
However, Tesla’s isn’t the only lithium-ion battery megafactory out there, and there’s more to lithium and the lithium market than electric vehicle batteries. Investors new to the space will want to get a handle on a few basic lithium facts before jumping in.
Here’s a look at five basic lithium facts investors should know…..” (click for the rest)
Lithium-ion battery
From Wikipedia, the free encyclopedia
“A lithium-ion battery (sometimes Li-ion battery, Lion battery, or LIB) is a member of a family of rechargeable battery types in which lithium ions move from the negative electrode to the positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, compared to the metallic lithium used in a non-rechargeable lithium battery. ”
“Chemistry, performance, cost and safety characteristics vary across LIB types. Handheld electronics mostly use LIBs based on lithium cobalt oxide (LiCoO2), which offers high energy density, but presents safety risks, especially when damaged. Lithium iron phosphate (LiFePO4), lithium ion manganese oxide battery (LiMn2O4, Li2MnO3, or LMO) and lithium nickel manganese cobalt oxide (LiNiMnCoO2 or NMC) offer lower energy density, but longer lives and inherent safety. Such batteries are widely used for electric tools, medical equipment and other roles. NMC in particular is a leading contender for automotive applications. Lithium nickel cobalt aluminum oxide (LiNiCoAlO2 or NCA) and lithium titanate (Li4Ti5O12 or LTO) are specialty designs aimed at particular niche roles. The new lithium sulfur batteries promise the highest performance-to-weight ratio.”
Ian ball comments on rzz….http://www.globalminingobserver.com/ian-ball-abitibi-royalties-justin-bieber-168
Thanks Wolfster. I am a big fan of (RZZ) Abitibi Royalties, so that is whay I bought (GZZ) so that I own half of RZZ, but also pick up exposure to Sirios, Bonterra, Nunavik Nickel, and Uranium Valley mines. Easy peasy.
…..that is “why” (not whay) I bought (GZZ) Golden Valley Mines…. so that I own half of RZZ
Rising trend line of 2 cents a day…talk about watching paint dry.
Silver is dead, it’s been dead, it will be dead.
Silver is the worst investment in the world.
Big fat “F”‘
Give up on silver. 100 ounce bars make very nice paper weights.