It's Prime Time for Gold and Silver: Huge Rally Coming
Virtually set in stone: its prime time for Gold and Silver. The fallen descending wedge from early January set the stage for the next rally that we are about to see before us. What started as a shooting star into a fallen descending wedge eventually formed a cup to handle to a Pre-Fed breakdown (fake-out) into consolidation. Now, we await the rally that will come before our eyes with a huge rally for the miners (GDXJ and JNUG).
This rally is building in such an immense way that we saw a massive fake-out Pre-Fed to the downside for the manipulators to stop out retail investors for future liquidity (especially for Silver which shot down over 3% Pre-Fed). This reversed 24 hours after the Fed, which once again proves the rally is building with immense momentum and will likely explode in the near-future pre-market so the retail investors 'miss-out' on the initial move.
The miners have not rallied yet but have been undergoing significant consolidation. However, that is about to change in a big way in the very near future.
Before April, there is a very high probability Gold will be well over 1700 with Silver over 22 and its time to capitalize on the rally before likely another corrective low sometime in May before another late year rally to 2000 or more.
With this impending rally, the equity market will likely continue to correct with bounces along the way. I would not be totally surprised to see a +10% to perhaps +15% additional correction over the course of the next 3 months in the SPX.
With all the trade deals and good news seemingly over - and continual weakness in economic data worldwide - it seems as if the only remaining good news are Fed funds rate cuts which will happen at-least twice this year beginning in February or March.
An impending global slow-down, epic money-printing and 0 to eventual negative interest rates will push Gold and Silver to parabolic levels beginning in 2021; right now we are only seeing the wee beginning.
TARGETS SOMETIME IN MARCH:
Gold: 1700 or more
Silver: 22 or more
Cheers!
- zSplit
This rally is building in such an immense way that we saw a massive fake-out Pre-Fed to the downside for the manipulators to stop out retail investors for future liquidity (especially for Silver which shot down over 3% Pre-Fed). This reversed 24 hours after the Fed, which once again proves the rally is building with immense momentum and will likely explode in the near-future pre-market so the retail investors 'miss-out' on the initial move.
The miners have not rallied yet but have been undergoing significant consolidation. However, that is about to change in a big way in the very near future.
Before April, there is a very high probability Gold will be well over 1700 with Silver over 22 and its time to capitalize on the rally before likely another corrective low sometime in May before another late year rally to 2000 or more.
With this impending rally, the equity market will likely continue to correct with bounces along the way. I would not be totally surprised to see a +10% to perhaps +15% additional correction over the course of the next 3 months in the SPX.
With all the trade deals and good news seemingly over - and continual weakness in economic data worldwide - it seems as if the only remaining good news are Fed funds rate cuts which will happen at-least twice this year beginning in February or March.
An impending global slow-down, epic money-printing and 0 to eventual negative interest rates will push Gold and Silver to parabolic levels beginning in 2021; right now we are only seeing the wee beginning.
TARGETS SOMETIME IN MARCH:
Gold: 1700 or more
Silver: 22 or more
Cheers!
- zSplit
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