Silver tracks previous movements to a T

[Lemon Thrower]

here is a brief article about silver tracking the earlier 2000s price movements. not much meat here, and not enough for me to have an opinion on whether i agree or not, but very interesting nonetheless.




http://www.financialsense.com/contribut ... ern-to-a-t

[68Camaro]

Without reading it (yet), I agree with the premise only because it makes common sense: the same forces the caused the previous drop caused this drop, and the same troubles that create the rise are still in place.

[barrytrot]

Funny how "tracks to a T" means that the black line and red line are almost never on top of one another.

I could take the graph of any stock, move it around a bit and match it up on any other graph. Useless as well.

[68Camaro]

Not sure you could do what you say without distorting the data Barry. I guess I should read the article (don't have time this morning), but I presume that in the above the red lines have been scaled vertically to match cost, which I don't have an issue with as long as it was done linearly. I'm not sure I even have an issue with scaling the time axis as well, as long as they weren't a factor of 10 off.

I'll just say that for me, while the degree of comparison depends on what you consider satisfactory, the above is "enough" of a satisfactory match to me to suggest that there might be similar factors at work in each, and I look at analysis/test data comparison plots for a living (in part). So it would make me ask - are those same factors (fundamentals) at play in each case? And my answer would be yes. And so I would consider the likelihood of the black line continuing to follow the red as "strong".

To each their own, I guess.

[barrytrot]

I'll just say that for me, while the degree of comparison depends on what you consider satisfactory, the above is "enough" of a satisfactory match to me to suggest that there might be similar factors at work in each, and I look at analysis/test data comparison plots for a living (in part). So it would make me ask - are those same factors (fundamentals) at play in each case? And my answer would be yes. And so I would consider the likelihood of the black line continuing to follow the red as "strong".

To each their own, I guess.

I agree it is a reasonable comparison. But in no way "to a T".

[68Camaro]

I agree it is a reasonable comparison. But in no way "to a T".

OK - now you're just differing over degree of emphasis. I cut him a little slack...

[balz]

Food for thoughts.

http://www.kitco.com/ind/willie/sep232011.html

[68Camaro]

Food for thoughts.

http://www.kitco.com/ind/willie/sep232011.html

Pretty intense piece...