February 27, 2008
20 Years of Silver Prices
Here’s a look at the monthly silver chart. You can see that price has more than quadrupled since 2002 and the Sequential (eventually) nailed the low back in 1992. I’ve recently featured the charts of the other preciouses (hissed like Gollum): platinum and gold.
Cat: | Time: 10:45 am (utc+8)
February 27th, 2008 at 10:54 am
$Silver will be THE Best investment of 2008, outperforming Everything… and one of the best investments for the next decade…
February 27th, 2008 at 11:00 am
v838: Your guess is as good as mine. :) (I still think it looks like a blowoff.)
February 27th, 2008 at 11:06 am
If you didn’t own any commodity exposure currently you still might want to buy a tiny bit “just in case” it never goes lower. And then buy more when it “does” go lower. But if you own from much lower prices, just hold.
February 27th, 2008 at 11:13 am
Of course in you “know” exactly what will happen over the next few months, no problem. However, I’ve never met anyone who did know that. Ten to twenty years some know, but not ten to twenty days or weeks which are just noise for the scalpers and traders.
February 27th, 2008 at 11:31 am
My guess is that coffee will be a ten to twenty bagger while silver may double or quadruple at best from here. Both will beat generic stock-centric investors by a large margin.
February 27th, 2008 at 12:17 pm
CM: I am very curious in term of silver climbed to $50 back in the 80’s or 70’s that I read about in most investment books. Is there a way you can extended the silver chart above to that period?
February 27th, 2008 at 2:50 pm
brandon: Yes, I can get data that goes back to the 70s, but I think I can only draw a line chart … maybe monthly closing data only? Will take a look when I get a chance.
February 27th, 2008 at 3:23 pm
Thanks CM.
February 27th, 2008 at 3:51 pm
What is a generic stock-centric investor?
February 27th, 2008 at 3:59 pm
I think silver is supposed to come down slightly in price by the end of the 2008 going into 2009 due to expansions in supply, including Goldcorps large Penasquito project in Mexico.
February 27th, 2008 at 4:21 pm
@pancho: I think Tom D. had been hitting the bottle pretty hard before that flurry of comments. :)
@Nik: Engaging in some funnymental analysis, eh?
February 27th, 2008 at 4:32 pm
C Mao, he also used that term on his website. But for me, no comprehende.
February 27th, 2008 at 4:33 pm
pancho: Maybe “average stock investor” is a good translation?
February 27th, 2008 at 10:15 pm
An investor who deals centrally in stocks, and not say commodities or precious metals.
February 27th, 2008 at 11:58 pm
CM, I know that those numbers 1-13 are TD Sequential & Countdown. What are those green, red, and purple dashed lines? Are they DeMark’s indicators, too?
February 28th, 2008 at 5:34 am
Wind_: The green and red lines are a Bloomberg proprietary study called “Trender” which is a volatility-based stop, I believe. The purple dashed line is connected with the Sequential and marks the stop-loss level for the 13 countdowns, i.e. say a 13 top is put in, then the purple dashed line will draw X% above to act as a stop-loss level for folks who get short based on the 13 top. Am I clear or further muddying things? It’s all technical mumbo-jumbo. :)
February 28th, 2008 at 2:14 pm
Ah.. got it.. loud n clear ;)