@silverstackeruk, thanks for sharing.
The trading action in silver at the end of a year and the beginning of the year and the price movements could be a result of portfolio rebalancing, profit taking and tax implication selling & buying. I think focusing on the bigger trend and accumulating physical during the dips is a wiser way to invest it the precious metals sector versus following daily and weekly price movements. After following the PM sector and writing about it for over a decade, I have learned to not pay attention to daily market noise. The PM sector will have one more final bull market run, and it looks like 2018 could be the year it starts... if so it could last a few years.
The precious metals pricing does also have some seasonality to it, meaning pricing moves in a specific direction depending on the time of year. I have found the best time of the year to buy gold and silver is in the summer doldrums, then sell in Oct/Nov, buy back in Dec and hold to Feb to May time frame, then sell and buy back in the summer again. This strategy had worked in the past based on seasonality, but PMs can be fickle and it doesn't trade like this all the time. I find using the charts and price action, laying that on top of fundamentals and then making trading decisions help in trying to speculate price directions.
What a great comment, thanks for tasking the time to write it.
I have only been stacking for 4 years so i have a little knowledge but not 10 years worth. I have seen the seasonal treads with silver and they seem to fellow the path you have outlined. I remember working it out by starting with 100oz and trading them this way for 5 years based on the past 5 years. It was when i was starting out and was thinking pie in the sky, haha. Its something i use to roughly guess when to place my bigger orders
@silverstackeruk, Ya, I like writing about precious metals, I did it for about 8 years on my site http://www.goldenfortunes.com/ and in a newsletter for @dollarvigilante , but stopped about 4 years ago and started focusing on the Cannabis Sector. I think we are at the starting of the 3 rd and final phase of the bull market in PM, so I will probably write more about it in the coming years. Great job with the #steemsilvergold group on Steemit, I hope to be a valuable part of the team and contribute my knowledge and expertise. Cheers.
You're so nice for commenting on this post. For that, I gave you a vote! I just ask for a Follow in return!
Thanks for the vote... followed.
Everything sounds great. I am about the post the membership list enrollment post. Get yourself into the comments intereacting with other members to get a nomination :)
Come to think of it, was i talking to you a few weeks back?
@silverstackeruk, yes we spoke about nominating me for membership. I haven't written a blog about PM yet, but I have been commenting on others posts, including yours. I will try and get a gold-related blog out to the PM community on Steemit. Cheers
Yeah, i thought i remembered your name. I look forward to seeing that post