Review of Market Oracle – Commodities Section – I Almost Said You Could Skip This One
Market Oracle, much like Safehaven – a clean, well-organized, article farm with a well developed commodities section.
Up until the last minute, I was ready to wrap this up and conclude that Market Oracle devotes too little space to my beloved silver and that it primarily functions (from a the silver investor’s standpoint) in getting the word out generally about precious metals -but definitely weighs too heavily on the technical side to the markets.
Then there was this:
Peak Silver and Mining by a Falling EROI
And then this:
Silver set to Soar as it did in the 1970’s
So I had to change my mind a bit.
But first a word on where I was going…
Some find fundamentals to be boring. I guess it depends on your perspective, or your motivations for evaluating a market.
People I’m mainly concerned with are those looking at silver, (or more specifically silver coins), as a long-term investment, and therefore care more about fundamentals.
In fact, the fundamentals and silver, because they have been ignored for so long, lost to the mainstream, are precisely why the people who can afford a small long-term investment will eventually flock to this area.
It’s more difficult to say the same thing about gold. In most of the content and commentary at Market Oracle was focused on gold, and not silver. (Until very recently!)
Frankly, I’m tired of technicals.
As a pure silver bug, I can do without another chart, or another wave analysis, with moving averages, pivot points, and the like.
The lure of the technicals makes sense, and good writers do it well. And make no mistake, there is no shortage of talented writers here. Contributers – link
Looking at charts and patterns provides a way to stay excited, a way to feel like you’re a part of the game.
We all need a little excitement.
For us, technical analysis provides a way to rationalize an investment space that has traded Contrary to fundamentals for many many years.
In silver, The fundamentals are simply not in play. That’s probably the understatement of the year.
Believe me, you and everybody else will know it once silver begins trading based on fundamentals again.
To be fair Market oracle is not completely technical. And now we’re talking silver too!
An example of this can be found here, in Merv Burak’s “Gold Topping Action Continues”, from Oct 25, 2009.
Mr. Burak starts out with a fair treatise on fundamentals, and even a healthy argument as to why we need to keep them in mind before we start looking at charts and historical pivot points and price points.
Of course, the rest of this very well written, but unfortunately, technical posts, goes on to evaluate markets for not traded based on fundamentals for a very long time, including metals and agriculture.
That said, Market Oracle is a place where you can get a good cross section of who the major technical experts and gols (and silver?) market commentators are – the writing professionals in this space.
Take a look and see if you recognize any Market Oracle contributors here.
There is no shortage of content – the risk is never catching up.
So at first, I hesitated to recommend this to you, the faithful silver coin investor, in the waiting in the trenches, the the poor man, not necessarily interested in the trade or the gamble – or even the fast buck.
But then, all of a sudden, as if ordained by some magical market force, two articles appear with a focus on silver!
This one, you should go check out today.
Perhaps my fear (and maybe yours too) about fundamentals being forever obscured are about to change?
We wait and see. In the meantime, we’ll be on the lookout for more silver coin-centric content and add Market Oracle to our feed.
If you are wondering about where I’m coming from with this – or or to get the overall perspective on what it means to be a silver coin investor, check out my free guide and E-course here.
