What is Bitcoin Discounting?

What is Bitcoin Discounting?

On 2/24/17 I presented the site’s first post on Bitcoin (Bloomberg: XBT).  In it, I compared silver’s set-up over the 1971-1980 period to XBT’s since 2010.  In concluding I suggested the chart-based similarities of the two assets made XBT well-positioned to enjoy…...

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Macro Round-Up

Macro Round-Up

Let’s start with FX as it’s ultimately the most important driver when it comes to major inflection points and cycles in global macro. Here, as I noted in early August, the USD (via the DXY Index) continues to appear as if…...

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Silver Shorts?

Silver Shorts?

As of last week silver managed its ninth consecutive weekly gain. The last time it closed with a weekly loss was during the week of Xmas, or 12/23/16. Over the course of its 9 week streak it rallied ~17%, closing…

Silver Upside Could Accelerate in the Near-Term

Silver Upside Could Accelerate in the Near-Term

On 4/19 I outlined a simple techincal break-out for silver and suggested it could be the start of a major rally. I followed that up a week later on 4/27 with a post that showed how the ratio of gold vs. silver was breaking…...

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Well-Defined Break-Downs in the Ratio of Gold vs. Silver Have Historically Led to Large Absolute Gains in Both

Well-Defined Break-Downs in the Ratio of Gold vs. Silver Have Historically Led to Large Absolute Gains in Both

Much has recently been made about the decline in the ratio of gold vs. silver from near all-time highs of late. Less has been made of the fact that over the past week, that decline has seen the ratio break…...

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Silver Update: Beginning of a Major Rally

Silver Update: Beginning of a Major Rally

Last week we had a very simple post that highlighted silver had broken out from a bullish descending wedge pattern off its 2011 highs. If we analoged the decline off the same 2011 highs and compared it to the decline…...

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Big Silver Break-Out

Big Silver Break-Out

Assuming gains hold through week-end, silver is staging a significant break-out from the descending wedge it’s been in since 2011 b/t lines (1) and (2) in the chart below. Further, per the analog on the same chart, notice how similar…...

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Silver's Meridian Line Rests a Good Deal Lower

Silver’s Meridian Line Rests a Good Deal Lower

Per nearly 50 years of history, silver’s meridian line, or line (1) support in the chart below, rests ~30% lower at ~$10. All of silver’s major pivots have came at this line.  It consolidated its early 70s ramp in the…...

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PMs Appear Green-Lit to Advance

PMs Appear Green-Lit to Advance

In the chart below take note of the simple fact that the DXY index (USD) appears poised to break down from a consolidation/flag pattern formed by lines (1) and (2) through much of 2015 at inset (A) while at inset (B), it is…...

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Silver Potentially on the Cusp of an Explosive Move Higher

Silver Potentially on the Cusp of an Explosive Move Higher

In the chart below I show bullish descending wedge patterns in silver across history at (A) and (B). Pattern (A) begins at a major structural peak in 1982 and lasts ~four years, completing itself with a bullish break-out in late…...

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