Market Curiosity: Exploring Markets And Systems

July 15, 2011

Silver – general update, no more SIFO backwardation – 5 charts

Filed under: Just Watching — Tags: , , , , — Jeff Fitzmyers @ 10:47 pm

Raymond Merriman Comments for the Week Beginning July 18, 2011 The first message has to do with heliocentric Mercury entering Sagittarius, July 19-31… Traders like Sagittarius because it also correlates with large price moves, especially in commodities like Gold and Silver. But what causes the big price moves in commodities? Usually an exaggeration of something that is not quite right in the world, like an impending default on your credit. Thus everyday in which an agreement on the debt ceiling limit is not forthcoming, the hysteria will likely increase, reflected proportionately in the size of the moves up in commodities and down in equities. Of course, there is the possibility that an agreement could be made, in which case the opposite happens in large price swings: stocks go sharply up and commodities come sharply down…

Weekly old silver ratio suggest silver to out preform gold for a few weeks.

Recent LBMA SIFO.

Full SIFO history.

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