12/22/2025
The parabolic stop and reverse level is 48,554, above that we have a buy signal. The close today was 48,362 a mere 192 points away. The gain today was more than that. I expect a break and a daily SAR buy signal.
Years ago about a strong market I read an analyst comment, market in vertical condition, further analysis not possible. Yet silver has reached an extreme, 70 certainly possible, gold rose 82 bucks today.
This is the Sprott Silver Trust which owns, yes, real silver. At top RSI has repeated over 70 hits. At bottom PMO is as extended as it can be. ZSL ultra short silver is a mere $6.23. Markets which go parabolic, correct in a parabolic fashion. That will happen here, just a matter of watching.
So if the markets give us a buy signal what to buy? A reader of this site commented that stocks are too high to buy, I agree but look at what silver did. Here is a very modest suggestion. This Utility ETF will retrace 50% of the recent advance from the April low at 21, it is about there now.
Okay this is not the next NVDA, but it is relatively safe these are utility stocks.
Crude oil is nicely bouncing off 55 suppiort. RIG which I recommended at six, fell to 2.30 and is now 4.01. If crude rallies with stocks this could yet work out well. It is trading for 54% of book value.
Trading should slow with Christmas on Thursday. Federal holidays hould all be three day weekends.
dennis.elam@att.net
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