Weekend thoughts
no penny for my thoughts
This is a weekly digest of unassociated pictures (graphs mostly) I saw during the week. Not much context is given.
Not much this week… I’m guessing it’s getting to be 🎄.
Merry Christmas everyone! And if you’re not doing that stuff: still sit together with friends and family and have a great time.
BTC vs silver
Going parabolic
ETF inflows YTD
Last 10 years: outflow from active, inflow into passive
DXY Index
Difference in economies
Get your 🍿 ready! (Silver in backwardation in Shanghai)
🍿 (ATH since ‘08)
Capital rotation events:
Silver/S&P breakout is 3 weeks old, last time it was 9 years. Don’t worry yet. It’s not topping.
Silver/Nasdaq for comparison
The massive rise of silver prices at the market close on Friday is potentially a catastrophic event for the short sellers. They were unable to drive the price down, and are now looking at big losses.
In a few hours the market will open in Asia and we’ll see just how bad it is. A gap-up from $67.14 is possible because the short sellers need to close their positions. Grab your popcorn ‘cause it’s gonna be interesting.
My favs were the ones comparing Silver to BTC & major stock indexes.
6 months ago a young Schwab "VP" told me I was too heavily in PM.
When I told him I thought cryptos were Tulip Bulbs squared, he didn't get the reference. 🙃
Sooner or later the millennial VP is going to learn some hard lessons.