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Silver Wheaton Corp. Message Board

  • elkster08 elkster08 Jan 30, 2013 2:51 PM Flag

    Chart People

    It's crossing the 5 DMA and crossing over on the slow stochastic. Anyone seeing that as a buy signal or wait for it to cross the 50 DMA? Thanks.

    Sentiment: Buy

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    • It seems here that your dma’s are too short term in nature to be of value.

      Looking at the AU/AG ratio, it appears that it’s in a holding pattern, and has a somewhat identifiable H&S pattern. That seems to indicate a downturn in the ratio. Given that AU is already tending to appear that it has bottomed, that would indicate a surge in the price of AG in order to comply with the likelihood that the AU/AG ratio will go much lower. Unfortunately you’ll have to do your own DD, since Yahoo no longer allows links, for all practical purposes. The 50 dma and the 200 dma have been in parallel for about 4 months, with the 50 dma traveling beneath. This seems to indicate that this parallelism will continue downwards as AG spot trends upwards, which will also mean AU will also gain, but at the expense of the AU/AG ratio (meaning the rate of gain of AU will be less).

      If you didn’t follow the above, in summary it means PMs are about to ignite, with AG experiencing the greatest percentage gain.

      Of course all of the above needs to take into account CB manipulation, which could reverse the above analysis if CBs seek to be big buyers of physical gold with China as the biggest factor therein. That would create an even larger increase of the AU/AG ratio. This seems unlikely, given what future economic headlines are likely to be, i. e., bad news for the political class.

      Bottom line: we’re in a holding pattern as to whether AU or AG will be the recipient of the biggest gains in the future. Stay tuned.

 
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