SilverGoldMarketNews   Home | Buying Silver/Gold | Archives | Mining | Contact

News, Information, Commentary and Resource Links for Investors in the Current Great Silver/Gold Bull Market

 
 

Site Navigation
 Home
 Buying Silver

 Archives
 Mining
 Contact

 Disclaimer
 Privacy

Recommended
Archives
 Ted Butler
 Jason Hommel
 Douglas Kanarowski
 Clive Maund
 David Morgan
 Jim Otis
 Charles Savoie

Continuous Charts
 Gold
 Silver
 Gold/Silver
 Silver/Gold
 $USD Index
 Dow Industrials

Futures Charts
 COMEX Silver Daily
 COMEX Silver Weekly
 COMEX Silver Monthly
 CBOT Silver Daily
 CBOT Silver Weekly
 CBOT Silver Monthly

 COMEX Gold Daily
 COMEX Gold Weekly
 COMEX Gold Monthly
 CBOT Gold Daily
 CBOT Gold Weekly

 CBOT Gold Monthly

Resource Links
 CoinInfo.com
 Commitments of Traders
 CMI Gold & Silver
 Forex Traders
 Forex Trading
 GATA
 Gold Silver Worlds
 Harvey Organ's Report
 Honest Money Report
 Kwaves
 Kitco
 Kitco Casey

 Kitco Silver
 Metal Prices
 Money Metals Exchange
 Money Changer
 Moon Phase Calendar
 Resource Investor
 Silver Futures News
 SilverCoins.com
 Silver Bear Cafe
 Silver Institute
 Silver Prices 1344-1998
 Silver Strategies
 TheSilverExchange
 To Buy and Sell Silver
 Trading Charts

 Turd Fergeson's Metal Report

 

   
 

 

   
 

 

 

 

 

 

   
   

Search Precious Metal, Mining and Financial News

a

Should you buy SLV the silver ETF?
by Peter Degraaf
 

Charts presented in this report are courtesy Stockcharts.com.

Featured is the daily bar chart for SLV. Price has risen for five days, but volume has not yet supported the rise. This lack of volume could be because more and more people are becoming aware of the fact that JPMorgan (one of the bullion banks that is short a large amount of silver), is a custodian of SLV. As people begin to distrust the integrity (justified or not) of SLV, they could very well make a decision to avoid buying into SLV. This would show up in a slow-down in volume, even as price rises to keep up with silver bullion. The RSI and MACD are positive in this chart and a breakout at the blue arrow along with an increase in volume will be bullish for SLV and will indicate that there are still enough people interested in SLV to keep it rising. Confirmation of the theory that people are beginning to distrust SLV would first show up in a comparative performance with other, similar silver investments, where other investments outperform SLV. Some of these are shown below.

Featured is the index that compares the SLV to the Horizon silver ETF that trades on the TSX. Clearly the HZU has outperformed the SLV over the past few months.



Likewise the comparison between SLV and AGQ the silver ETF with double leverage shows AGQ to be the better performer. (The double leverage has something to with this outperforming, but not to this extent).

Featured is the index that compares SLV to the Sprott silver trust. Obviously we do not have a lot of data to go with, but the short-term trend appears to favor PSLV.

The conclusion we draw from the above charts is that regardless of whether traders and investors believe in the integrity of SLV the silver ETF, there are competitive investments in the same sector that are outperforming SLV. The ‘proof is in the pudding’, as can be seen in the next chart.

Featured is the index that compares SLV to silver bullion. Although the descent is slow, it nevertheless shows SLV to be losing ground to silver itself.

In summary, and despite the fact that other investment vehicles are outperforming SLV, in the event that price breaks out at the blue arrow in the SLV chart above, on increased volume, then those who own shares in SLV will continue to profit, but those who invest in the alternatives can expect to do even better, and without having to worry about the JPMorgan influence at SLV. (As most of you know, JPMorgan has at least 14 law suits pending against it for illegally manipulating the silver price. This bank is still carrying a very large large ‘short silver’ position on its books).

DISCLAIMER: Please do your own due diligence. Investing involves taking risks. I am NOT responsible for your trading decisions.

Happy trading! Peter Degraaf

Peter Degraaf is an online stock trader with over 50 years of investing experience. He publishes a daily and weekly report for his many subscribers. For a sample copy send him an E-mail at itiswell@cogeco.net or visit his website www.pdegraaf.com.
 

 

Site Design and Maintenance Services by: Sundancer Graphics, Inc



© 2015 Sundancer Graphics, Inc.