Ive read a lot of the silver/gold will go down unless they go up, type articles lately. Its what people write when they dont really know where we are in a cycle.
One signal and one signal only is giving a clear picture. Few investors use it, even fewer investors understand it. Basically most investors want to pay analysts to tell them what they want to hear. Thats why people believe you can lose money on a gold short position at the end of a gold bear market even if mathematics proves it impossible. Dont tell me its impossible, I want to feed my fantasies. Thats why people mumble about gold being manipulated down as it climbs 660%. Its their favorite fantasy.
I dont know a lot of websites that actually make money for their readers. Ours does, we arent right on everything all of the time but I came into the bull market when it was brand new. Actually thats why I started the website in the first place. I saw that it was a bull market and said so.
We have had a brutal correction in silver, gold and mining shares. According to consensus, its over.
We had a bottom on May 16 at a 3.91% premium to silver and it was shown accurately on the chart of the Sprott Physical Silver Trust at the bottom of the page. We just had a retest of the lows and had a slightly lower close of 2.39% premium of the trust to silver. That is the 2nd lowest value of the Trust since its inception. Only on November 8, 2010 did the premium go lower, showing 2.29% that day. November of 2010 was pretty meaningless because there wasnt enough data.
My favorite chart until 2008 was of the XAU over Gold. It gave both clear buying signals and sell signals. It broke down in August of 2008 and was pretty worthless for tops but I think works perfectly for bottoms.