Silver finally outperforming gold! Here’s a trading strategy for those with cash.
Jordan Roy-Byrne, Founder of The Daily Gold joins me to address the the recent moves in silver just this week. With silver finally outperforming gold and closing in the 52 week highs this is another sign of bull market for the metals. The most important comments deal with how to trade this market if you have some cash ready to deploy.
Click here to visit Jordan’s site and follow along with his metals forecasts.
In the 1st half of 2016 silver went from 14 to 21 while AG went from 2.5 to 20.
So AG might go back to 20 if silver goes to 21. It might even do better as it has more production now.
Oil was rising sharply in the first half of ’16 as well. Remove that headwind and the miners will go up and stay up more easily.
Important high volume breakout for SILJ:
The miners look great vs the stock market:
Good stuff today in the silver stocks. I am looking forward to what tomorrow brings. I will enjoy the ride up with this board. Let the good times roll!!
I think Peter Hug sees things accurately. This is from yesterday:
Agreed. The silver stocks were on a nice rip across the board again today.
Its fun to see so much green on the screen.
…and once again the Silver stocks are in a tear again today.
What a great week for Silver wingnuts!
Gotta laugh at all the vocal naysayers. Why is it that they all seem to be lefties?
Gold is in at least short term crash mode vs silver:
UUP at major resistance:
From Jesse Felder: https://thefelderreport.com/2019/07/17/bang-why-the-gold-miners-have-only-just-begun-to-shine/?utm_source=Subscribers&utm_campaign=1233e909a5-EMAIL_CAMPAIGN_2019_07_17_04_24&utm_medium=email&utm_term=0_efe2de2024-1233e909a5-106136069&mc_cid=1233e909a5&mc_eid=347a500eba
Hope this posts correctly and people can access it. Good day! Surprised though that IPT didn’t run more. Guess it needed a rest after the last few days. Can’t wait for tomorrow! Good luck to all.
Whatever reasons Felder gives, the charts back up the assertion that the miners have only just begun to shine. This isn’t just a bull market, it is THE bull market. The last big bull cycle was just a warm-up.
There has got to be some very unhappy wannabe bulls out there waiting for a pullback…
GLD: This looks more like a fundamentals-driven repricing than an unstable spike or parabola:
Yep as volatility dies down in the gold market, silver plays catch up. The GSR ratio has dropped nearly 4 points in the last couple of days alone. This is a healthy development. Hopefully gold can break to the upside near term. The last few weeks of consolidation has been good to see. Maybe the expected rate cut will fuel golds impetus to the upside. Apthough this maybe already priced in due to often repeated jargon regarding this topic
Gold is overbought on the weekly chart but can easily go higher based on the monthly and quarterly charts. Both look great and are not overbought so they are well positioned to dominate the weekly just as the weekly dominated the daily when the daily was overbought.
So true Matthew.
Thanks Matthew – PMs are looking good here.
Another stock Frank Giustra has been buying, I’ve never heard off is Bluenose Gold, syl: V.BN.H. DT https://www.canadianinsider.com/company?ticker=BN
Giustra owns over 24%, other insiders own another 53%, and Giustra keeps buying, HMMMM!
and this company doesn’t have a website but they sure have a lot of inside interest, all their properties are in Canada. DT
DT – Thanks for the heads up on Bluenose.
Silver juniors finally starting to rev their engines??
It looks like it. The last few days have had the Silver stocks waking up from their slumber.
The Silver producers, but large and small were off to the races again today:
Stock Symbol – Silver #Producers – Chg %
GRG Golden Arrow Resources Corporation +21.95%
FSM Fortuna Silver Mines Inc. +13.84%
BHS Bayhorse Silver Inc. +13.33%
MYA Maya Gold and Silver Inc. +12.79%
GPL Great Panther Mining Limited +11.59%
HL Hecla Mining Company +11.36%
EXN Excellon Resources Inc. +10.08%
AG First Majestic Silver Corp. +8.63%
EXK Endeavour Silver Corp. +7.88%
ASM Avino Silver & Gold Mines Ltd. +7.38%
USAS Americas Silver Corporation +6.80%
PAAS Pan American Silver Corp. +6.78%
SVM Silvercorp Metals Inc. +6.27%
GGD GoGold Resources Inc. +6.02%
SSRM SSR Mining Inc. +5.91%
SCZ Santacruz Silver Mining Ltd. +5.56%
CDE Coeur Mining, Inc. +5.26%
IPT IMPACT Silver Corp. +4.05%
SMT Sierra Metals Inc. +0.32%
Most of the Jr Silver Development stage and exploration stocks also put in moves today larger than most investors returns all year in a mutual fund or general equities markets. Just like they did yesterday….. A glorious thing to see starting to play out.
Stock Symbol – Silver Developers & Explorers – Chg %
ABRA AbraPlata Resource Corp. +30.00%
SNG Silver Range Resources Ltd. +27.78%
CLZ Canasil Resources Inc. +25.00%
LVN Levon Resources Ltd. +24.00%
SVL.AX Silver Mines Limited +22.00%
SSV Southern Silver Exploration Corp. +20.00%
REX Orex Minerals Inc. +20.00%
SVE Silver One Resources Inc. +19.51%
MMG Metallic Minerals Corp. +17.24%
SVB Silver Bull Resources, Inc. +16.67%
SPD Silver Predator Corp. +16.67%
DEF Defiance Silver Corp. +14.89%
AXU Alexco Resource Corp. +14.73%
ASL Argentum Silver Corp. +14.00%
KTN Kootenay Silver Inc +12.50%
SSE Silver Spruce Resources Inc. +12.50%
BBB Brixton Metals Corporation +12.50%
SIL SilverCrest Metals Inc. +12.26%
DV Dolly Varden Silver Corporation +11.76%
SVG Silver Grail Resources Ltd. +11.11%
DSV Discovery Metals Corp. +10.64%
SBR Silver Bear Resources Plc +10.34%
CCM Canarc Resource Corp. +9.09%
BCM Bear Creek Mining Corporation +7.73%
CMB CMC Metals Ltd. +7.14%
AUN Aurcana Corporation +6.45%
AAG-H Aftermath Silver Ltd. +5.00%
MAG MAG Silver Corp. +4.87%
G1A.AX Galena Mining Limited +4.35%
AZS.AX Azure Minerals Limited +3.19%
GPLY Goldplay Exploration Ltd. +2.70%
VML Viscount Mining Corp. +2.56%
CD Cantex Mine Development Corp. +1.69%
MSV Minco Silver Corporation +1.54%
NUAG New Pacific Metals Corp. +0.41%
Even hapless Hecla is up 10 % today, as is NGD, AG, and USAS. Wow!