Do you follow the metals? Want to see a classic double bottom formation setting up for what I believe will be a "Rip your face off" rally? Here it is.
I use quite a bit of custom index features to track the major markets because I believe these provide a clearer perspective of the markets than following individual symbols. I find the data to be key to making trading decisions. This custom METALS index tracks a number of metals symbols and is showing us that Gold has retested a key low level that will likely prompt a major bottom and a huge upside move. Of course, I could be wrong, but I believe the move in the US Dollar has exhausted the upside move for now and it is time for Gold and Silver to rally back to 2018 highs (or higher).
Concerns from the global markets as well as the fact that foreign governments are stockpiling gold means only one thing - they are preparing for a crisis event and are using gold as a standard of value in the event of this crisis. This means that when the event starts to unfold, which we are seeing the early signs of this right now, then gold will price in the concerns and fears of the global currency and economic fears that are unfolding.
Get ready folks, this could be a very exciting time to be investing in the global markets. My Live Trades algos are already showing +200% roi from recent moves. You won't want to miss the next 5+ years of this activity. Stay ahead of the markets and learn how I can help you find success.
sorry but these type of TA on charts drive me insane like what the heck is even going on here
Spawn777
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anyone buying metals is nuts.
ThaDocta
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@Spawn777, then short it bruh put the money where the mouth is
homssteve
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FYI, I believe you have PLT (Plantronics) instead of PPLT (Physical Platinum Shares).
BradMatheny
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@homssteve, Thank you. I will check that out. Appreciate the comment.
ant187
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Currently holding a large position in just silver as it appears to have the biggest upside.
BradMatheny
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@ant187, I have quite a bit of physical metal and quite a bit in my portfolio. I'm mostly in the miners and scattered across a few ETFs. The physical is where I feel safest.