This is not a long call yet just a preparation for an entry at the bottom.
Last week we lost the 10 SMA. I jumped out too early of my short trade last week : but never forget we were stealing money from the bull. When we hit the DCL this week gold, silver , miners and the whole PM sector will print a very powerful rally. This is the second or third daily cycle of this intermediate cycle.
I think during this move gold will test or marginally break the all time highs at 2070$.
This week we will have an FOMC meeting. I'M quite sure they will be starting to talk about inflation and they are ready to stop inflation with rate hikes. Gold will hear only the inflation word and stocks will hear the rate hike.
The bottom will arrive this week between the 200 SMA and the 100 SMA and maybe earlier. So between 1840 and 1790 you have to be ready to buy, when everybody will be talking about a gold a collapse.
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10$ from the above mentioned box where I want to buy.
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Silver is damn strong. This summer we are going to see 40$ silver:
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And here we go silver in the green.... One could start entering silver positions here
Tough to make money in these 'manipulated' markets, but you definitely had the right idea Arpi 🥸 Big Fat Banks are positioning themselves for the next BIG trending move in Precious Metals. No doubt about it!!
Putting a large chunk of my portfolio into → SILVER 🚀
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I'm anxious to see closes above my perceived .5 level. $28.++ Silver has been ignored long enough. I'm ready to see my patience paid-off.
Putting a large chunk of my portfolio into → SILVER 🚀