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MSA’s Eye-Popping Silver Observation
5 Predictions
Market Analysis:
MSA's Eye-Popping Silver Observation
Silver is setting up for what could be its biggest move in decades.
According to Michael Oliver of Momentum Structural Analysis, the metal is entering a technical phase that could double or even triple prices within six months. The trigger is a breakout in silver’s performance versus gold, a signal that historically precedes explosive rallies like those in 1979 and 2011.
Continues in the Premium post: MSA’s Eye-Popping Silver Observation
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Data on Deck: CPI/PPI
MONDAY, Oct. 13 Columbus Day holiday, none scheduled
TUESDAY, Oct. 14 6:00 am NFIB optimism index Sept.
WEDNESDAY, Oct. 15 8:30 am *Consumer price index
THURSDAY, Oct. 16 8:30 am *U.S. retail sales Sep* Core PPI
FRIDAY, Oct. 17 8:30 am *Housing starts Sept.1
Charts and Final Market Check2:
MONDAY, Oct. 13Columbus Day holiday, none scheduled12:55 pmPhiladelphia Fed President Anna Paulson speaks
TUESDAY, Oct. 146:00 amNFIB optimism indexSept.100.88:45 amFed governor Michelle Bowman speaks3:25 pmFed governor Christopher Waller speaks3:30 pmBoston Fed President Susan Collins speaks
WEDNESDAY, Oct. 158:30 am*Consumer price indexSept.0.4%8:30 am*CPI year over year2.9%8:30 am*Core CPISept.0.3%8:30 am*Core CPI year over year3.1%8:30 amEmpire State manufacturing surveyOct.-8.712:10 pmAtlanta Fed President Raphael Bostic speaks2:00 pmFed Beige Book
THURSDAY, Oct. 168:00 amRichmond Fed President Tom Barkin speaks8:30 am*U.S. retail salesSept.0.6%8:30 am*Retail sales minus autosSept.0.5%8:30 am*Producer price indexSept.-0.1%8:30 am*Core PPISept.0.3%8:30 am*PPI year over year2.6%8:30 am*Core PPI year over year2.8%8:30 am*Initial jobless claimsOct. 118:30 amPhiladelphia Fed manufacturing surveyOct.23.29:00 amFed governor Stephen Miran speaks10:00 am*Business inventoriesAug.0.2%10:00 amHome builder confidence indexOct.3212:45 pmRichmond Fed President Tom Barkin speaks4:30 pmRichmond Fed President Tom Barkin speaks
FRIDAY, Oct. 178:30 am*Housing startsSept.1.31 million8:30 am*Building permitsSept.1.31 million8:30 am*Import price indexSept.0.3%8:30 am*Import price index minus fuelSept.0.4%9:15 amIndustrial productionSept.0.1%9:15 amCapacity utilizationSept.77.4%
Silver’s rally
lbma as symptom, not cause
metal is moving to London. dislocation is being unwound.
EFP retrace is bearish.. yet the market does not care. China now a seller of Silver at the margin.. and selloffs are being bought
but its a critical mineral, its in play with REE now, and we need to buy it.
Gold is being bought at the sovereign level increasingly impatiently.. and as we say.. when thet is no invest able gold left.. silver will be the thing to buy.. and the market is sniffing this out now
