• 739 days Will The ECB Continue To Hike Rates?
  • 739 days Forbes: Aramco Remains Largest Company In The Middle East
  • 741 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,141 days Could Crypto Overtake Traditional Investment?
  • 1,146 days Americans Still Quitting Jobs At Record Pace
  • 1,148 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,151 days Is The Dollar Too Strong?
  • 1,151 days Big Tech Disappoints Investors on Earnings Calls
  • 1,152 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,154 days China Is Quietly Trying To Distance Itself From Russia
  • 1,154 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,158 days Crypto Investors Won Big In 2021
  • 1,158 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,159 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,161 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,162 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,165 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,166 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,166 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,168 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Hi Ho Silver

The rubber band that is the US dollar index continues to extend from its late November hinge.

2011 SPX versus 2012 UUP
Larger Image

Considering that weakness in silver has preceded major pivots lower in the euro - dollar bears would be wise to heed its call and take shelter for an early winter slumber. I am indeed biased here, but can appreciate the symmetry of their respective retracements. Both silver and the USDX exceeded mirrors of their 61.8% retracement levels. The bottom line though is that silver continues to hold prescience to risk appetites.

Silver Daily Chart
Larger Image

That is - if you're not in denial.

1991 Nikkei versus 2012 Silver
Larger Image

Hi Ho Silver - Away!

 

Back to homepage

Leave a comment

Leave a comment