Silver Trust - - iShares - ETF (NYSEARCA:SLV) -- Bi-Monthly Update
I just completed my weekly study of all my High Profile Basic Materials / Silver- Indices / Mining Companies / ETFs. This is a study that always I enjoy because I have spent so much time and experience in the study of Commodities such as Silver and ETFs like (SLV). I love my work and have for many years.
My objective is to identify the ever-changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This week's commentary on - Silver Trust - - iShares - ETF (SLV) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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Forecast & Opinion from my Study / Analytics:
Silver Trust - - iShares - ETF and other Mining Companies are tracking well. Although Silver Trust - - iShares - ETF is in a strong Down-Trend / Bearish Cycle, it is always an excellent contributor to my Analytics. The July Rally has terminated and yet there are Bullish signals being flashed. Be Patient and stay with me. I accept Email questions from serious Investors, not Traders.
My Analytics (weighting) for my Fundamental Valuations play a vital role in profitable managing money. At this time my Valuations of (SLV) are not as positive at perhaps you are being told by other sources. Plainly stated they are Descending in most of the Mining Companies I follow. You might also want or check out my Article on Silver Wheaton (SLW) and Pan American Silver Corp. (NASDAQ:PAAS).
My Forecast is not as bright and shiny as you may think! There are many, what I call "irresponsible" articles being written on precious metals that are grossly misleading. An example would be, I just read an article saying: "Silver will be going to $100 very soon." If you like that kind of advice, I doubt you will like what I share each and every day in SeekingAlpha.com and other Financial Blogs. (I will be more specific upon request).
If you own or are considering owning Mining Companies - or - Silver / ETFs, the securities are currently not a pretty picture. Prudent investing just does not support ownership at this time. Silver Trust - - iShares - ETF is currently very weak Technically and I have reservations about my very weak Fundamental Valuations. I placed it on a Strong Bearish Forecast - "Warning." That was way back in mid 2011. Not Bad - Forecasting (don't you think)?
My Opinion is to HOLD-CASH in anticipation of a Bottom which at this stage cannot be Forecast. As far as it reaching "$100 soon" - - I strongly suggest that much will have to take place before that objective can even get started or be realized. I will keep you posted on my "Opinion" and I believe you will be well pleased.
Fundamentally: My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of most all of the Silver Mining Companies (SLV) are not as positive at perhaps you are being told by other sources. Plainly stated they are Improving and then Descending again. This does not make for a positive fundamental valuation of any Company.
Technically: Even with this fine ETF, my Indicators have broken down and are notably breaking down. It is only currently slightly off its highs of $47 selling for $21. The next rally just may be coming soon - - stay tuned.
I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for (SLV) !
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A Twenty Year Perspective of Silver Trust - - iShares - ETF (SLV)
It has NOT always been like you are being told by so many who do not take the time to "Investing Wisely" and doing their homework well. Silver Trust - - iShares - ETF (SLV) and Silver Spot Price has taken some big hits over the years. The entire period of 1980 through 2001 Gold was in a declining posture. That means, you lost money if you held Gold for over 20 years. It is no different for Silver or any other security. That is why I have such a disciplined Investment Methodology.
URL for (20-years of Silver - Spot Price and a bit less for - (SLV): http://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=20&mn=0&dy=0&id=p07896351310&a=310617222
A Rather Unique Chart / Graphic on (SLV):
URL for this representation of - (SLV): http://stockcharts.com/h-sc/ui?s=GLD&p=W&yr=1&mn=6&dy=0&id=p22494856116&a=304967599
"Selectivity" is what I preach (along with Patience and Discipline) and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just click - - > https://seekingalpha.com/instablog/121308-steven-bauer/2066602-flash-update-be-selective-ii
Here are a number of the component ETF / Peers in the Silver realm that I focus on rather frequently: SLV, AGQ, SLVP, SLVR, USLV, ZSL, DBS, DSLV, USV.
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Should you wish to read my latest article on the following Companies and ETFs - - Just Click on the Symbol. You will be taken (Linked) to my most current article as well at my last 20 articles on that Company or ETF. (It is an excellent way to gain insight into the accuracy of my Forecasts and Opinions). Just so you know you will have access to over 600 articles where I share my Analytics. In addition I have recently published all 500 of the S&P 500 Large-Cap component Companies. And, 200 of each of the S&P 400 Mid-Cap and S&P 600 Small-Cap component Companies. I stay quite busy doing my homework for my Clients.
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