Silver Accumulation Phase - Wyckoff Analysis - 3D TF - $XAG
Wyckoff analysis for $silver $xag
5 years of selling between 2011 and 2016 led to a Selling Climax (bottom). An Automatic Rally followed, which set the ceiling for the accumulation range, i.e., between $18.5 and $21.
Ongoing, very long Accumulation Phase, to date. Wyckoff fundamentals suggest the longer the accumulation phase, the longer the rally.
A Secondary Test appeared during Accumulation.
Spring will kickoff breakout and rally.
Rapid hedging for the next recession may serve as a catalyst for the upcoming silver rally.
Open interest for silver has started to appear, as of October 2017.
Accumulate now.
5 years of selling between 2011 and 2016 led to a Selling Climax (bottom). An Automatic Rally followed, which set the ceiling for the accumulation range, i.e., between $18.5 and $21.
Ongoing, very long Accumulation Phase, to date. Wyckoff fundamentals suggest the longer the accumulation phase, the longer the rally.
A Secondary Test appeared during Accumulation.
Spring will kickoff breakout and rally.
Rapid hedging for the next recession may serve as a catalyst for the upcoming silver rally.
Open interest for silver has started to appear, as of October 2017.
Accumulate now.
Comment:
Silver accumulation by JP Morgan:
"Well since April 2011, JPMorgan has started accumulating physical silver at extraordinary pace. It is believed that at least 675 million ounces of actual silver is held by JPMorgan in their warehouse. That is 6 times more than Warren Buffett and Hunt brothers."
Source:
economictimes.indiat...cleshow/62724314.cms
*Note: JP Morgan has heavy hands in this market. 2011 is when prices for silver started to decline, as noted above.
A future signal from JP Morgan can be considered powerful and relevant.
"Well since April 2011, JPMorgan has started accumulating physical silver at extraordinary pace. It is believed that at least 675 million ounces of actual silver is held by JPMorgan in their warehouse. That is 6 times more than Warren Buffett and Hunt brothers."
Source:
economictimes.indiat...cleshow/62724314.cms
*Note: JP Morgan has heavy hands in this market. 2011 is when prices for silver started to decline, as noted above.
A future signal from JP Morgan can be considered powerful and relevant.
Comment:
$GPL Fiscal Year 2017 Report - released today
seekingalpha.com/pr/...17-financial-results
This is relevant perspective from a major $SLV miner
seekingalpha.com/pr/...17-financial-results
This is relevant perspective from a major $SLV miner
Comment:
Something to consider: Silver price is heavily manipulated by futures contracts. Hence, it is important to accumulate PHYSICAL silver
static1.squarespace....Timing+Decisions.pdf