"One For The Nasdaq Haters" From Citi
A quick and dirty couple of charts from Citi's Brent Donnelly who asks if this is the "Double Bubble."
One for the NASDAQ haters…
Silver double bubble chart along with NASDAQ chart. Similar feel.
Silver double bubble (both tops at 50)
NASDAQ double bubble(?)
If Donnelly is right, and if the second Nasdaq bubble is indeed on the verge of bursting, then as the great rotation from "story" to "physical" assets unfolds, it may finally be time for long-suffering silver fans to have their moment in the sun.
(3 votes)
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When these equity bubbles burst, will they reinflate? What would that look like?
Yeah, NASDAQ is such a great long term investment ! It only took it 15 years to hit double top...
so if you are only 60 and you live to be 100, you will enjoy two more trips from the bottom to the top. plenty of time to make your fortune twice over.
Another ridiculous comparison.
Does that fortune come with a cookie?
I'll see you that chart and raise you this one..
http://www.fedprimerate.com/s-and-p-500-index-history-chart.htm
Nixon, going off the Gold standard and unsound money in one graph.
print it baby, print that phony money
These charts show what you're asking. Give it a few decades and if the Fed is still around a new bubble will occur. Good luck with timing it though and the initial stages are pretty slow. The Nasdaq took some serious damage last week, 'they' need to turn it around pronto or there will be blood in the streets. A straddle or strangle is the proper place to be now. It will move fast in one direction or the other.
Tomorrow is key.
The FedRes and their minions has had all weekend to prepare.They will throw everything,including
the kitchen sink, at the "market' when it opens.
We shall see if they can turn it around, if not it will go into freefall.
I'm not prepared to bet either way, but the market will close before any counterparty has to pay,
if its the latter.
Watch China...and Japan
That is where the prequel action is happening.
We should know in a few hours from now...as of this post.
Even if they throw the kitchen sink at it, eventually you run out of sinks.
Then the shit that has piled up collapses and the cockroaches will scatter.
After this shit show global epic ponzi bubble bursts I doubt there will EVER be another FED.
Once a bubble pops, you can't stop it.
They can slow down the first signs but not when it's in a full blown process and that's why central banks wait untill a floor is reached before they step in.
So first it will explode again in the comming months, and at best we'll find a new bubble and go from there.
Also, the real estate bubble will pop for the second time in 7 years and that will leave a mark. I don't think that it will recover like it did from 2008.
By march we'll be about 20 to 30% lower and in the midst of the panick.
The news channels just don't see it yet and will say "who could have seen it comming" again.
exactly so. Sunday times (uk) had alm0st zero coverage of last weeks carnage or the causes of it. A short paragraph on the leader page from mr murdochs editor said- dont panic, there have been worries but its all good, stay long in equities. i think we may not have to wait till march for capitulation though, the complacency wont last that long.
WTF? Quoting a Citi guy on the silver market?
LOL...
I trade SLV although its paper. It had a floor of 13.60-13.80. They have slammed it down to 13.20. So the new floor is 13.20. Play accordingly. I still play the ups and downs consistently. There is volatility from day to day. Not during the day. The day prices are not volatile at all. So its been a good trade. Hope to make more on this move if it goes through.
mind explaining your strategy a little...not a hater, just genuinely interested on how you are trading this
Fire burn and caldron bubble.
Loved that Hansel & Grettel Bugs Bunny episode...
Have the trading collars ever been used on a PM melt up yet since they were implemented in '14?
I'm sure most on here hope we start seeing them regularly and soon as a sign of some semblance of reality returning to PM pricing.
Silver won't spike for at least another 6 to 9 months.
Just a small spike to lure in the paper traders, a new drop to 9 and after that there's a big chance of a hughe rally.
So don't go into the paper.
I think silver has a bit more downside going into March, 2016.
What I don't understand is the conclusion drawn from the simplistic comparison of two charts, one of NASDAQ equities and the other of silver prices, which may show some similarity but unfortunately patterns appear all over charts supporting an initial bias, if you just look for them, which makes the conclusion somewhat suspect.
I see a massive silver cup and handle.
That is my bias.
I see the classic Silver Nutsack Pattern, but that's just me.
+1
I also see the classic Nutsack Pattern...
as most here on ZH do also.
The bottom line is, if you can't open the drawer next to you and pull out a green-top, you don't 'own' anything.
Is the Fed going to just piss away 7 years of manipulation? I really doubt it. The stock markets are at least 50% overvalued. But the Fed and Treasury have their own plans, and a printing press. I guess we will see.
50 silver in 1980 is around 200 today. Comparing it to the Nasdaq since the dot com bubble is nonsense.
Nasdaq 5048 top in 2000, adjusted for inflation, is about 6957 today
How far above 5048 did the Nasdaq go beyond 5048? 162 points. In FIFTEEN years.
Silver aint no bubble... Fiat is the bubble... With literally trillions of dollars they bailed out the bullion banks which were on the brink at the top in 2011... They did not have the metal and were staring into the abyss... and thus paper smashed it... Now, 5 long years later, they DO have metal and the prices are in the crapper... Trade accordingly, and best of luck to all, we all will need it before long.
Since it doesn't take but a few billion to move futures markets after hours, surely the Fed will toss a few digitally printed billions at the overnight future markets, in hopes of getting some shorts to join-in. After all, we have had 7 consecutive down days, which is rare.
It usually only takes the Fed 4-5 days before they intervene in some way.
As Greenspan used to say "you only know it is a bubble after the fact".
The Fed feels that as long as their bubbles remain intact, the public can go on believing their 'bullshit', which includes the globe's faith in their FIAT. Once yet another bubble bursts in the face of the hapless public, it will be much harder for the Fed to perpetuate their grandest fraud on the public.
We wonder is it's possible that the Fed could just be "that clueless and stupid" to believe that their constant bubbles are in some perverse way good for an economy or a society. I can't imagine them being that stupid, there definitely must be an element of purpose and criminality behind their practices.
The chorus for justice will grow louder once these bubbles finally burst. God willing.
I'm hoping for a Ag slamdown tonight. ASAHI 100 OZ bars are 59 cents/oz. over spot. Right now at $1460. I'd love to pick up 700 oz for less than 10G.
you got balls
Just remember...
You're only as good as what you can carry.
...and the guy running slowest is dead meat.
this time around they are buying the Chinese market, PP(BOC)T
But why would silver people have their "moment in the sun"??? If you just go by those charts, once the NAS dumps then silver also stays down. Even the small bounce in between on the NAS kept silver down.
"But why would silver people have their "moment in the sun"???"
Silver makes good bullets.