HEADER - THIS chart is the important one. I will make at least 2, maybe 4 more drafts of this chart before finalizing. SUMMARY - The ENTIRETY of RUMORS PART 3, my thesis on revival of precious metals bull market, relies on silver prices through 02-20-23 AS THE LEADING INDICATOR. DETAILS - Please see links to previous posts in this series to see how we got...
Seeing an Ending Diagonal forming on Silver at the tail end of a 2 year 3-3-5 Expanding Flat correction. Could see upside soon.
I expect more downside in miners if perceived hawkishness from the fed is maintained. Soon though, they'll cave and sacrifice the dollar to do what they think will save the markets, which will lead to an explosion in precious metals. These miners will be the ultimate levered trade on the coming fed pivot so be ready to reverse to long.
I am flattered to have had a request for a chart. Special thank you to @RocketFuel20 🙂 My view of this chart is that the price action is somewhat inconclusive at the moment. That said, we CAN summarize a theme for which there is evidence to believe that this AG is NOT YET ready to buy: How does the price behave? Following a top, we observe from August 2014...
Please see picture for analysis. -Price is reacting off of demand/support that's been holding for 2 years now. -Still a very high demand for REAL physical silver. -Waiting for confirmation. Thoughts? if you like it don't forget to hit the like =)
"Decade of zero returns" for the stock market = Shortening Bear Market for Commodities Price target = $50 Fractal backbone + Room in technicals for such move. Price target was established in June 2021. Time frame pushed up in anticipation of 2023 bear.
AG (First Majestic Silver) is looking good to us. Gold and the miners have been performing well so far. We see opportunity here. - HH
See picture for top-down analysis: -Short Term Downward ML Break -opposing zones removed -People might think it's a great demand setup which I agree but taking a look at the overall price action over the last 7 days, you can see price is making overall LL/LH by about .6% -If someone bought at this demand then using a structure SL is recommended. -Low risk reward...
But at any price suggested within the Buy Zone area and cut loss if price goes lower than the Stop Loss. Can take profit at suggested Target Price. Entry Price: within $12.07 and $11.93 Stop Loss: $11.34 Target Price: $12.40 (max $12.58)
$AG is looking good for a 45% rally towards target zone. The move will play out over a few months. Enjoy! Cheers, Keops
Took profits on my SOYB position for some nice gains considering a lot of downside in the equities market. On a monthly time frame, SOYB is approaching resistance zone so I took profits and will be watching to see how price reacts here. I'm expecting retracement / consolidation here before continuation to the upside or back down from profit takers and sellers...
Requested by @RocketFuel20 Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management !! This chart analysis is for reference purposes only !! If you want to...
First Majestic Silver might be signaling big silver crash in price and the next coming depression. Everyone who bought into inflationary assets are going to get hurt IMO. Don't go all in on inflationary assets it's best to diversify because things don't always go the way you think it will. May be at least not in the short term and that can hurt you and might force...
The breakout of the Silver Copper Ratio suggests Precious Metals outperforming Base Metals over the coming weeks
NYSE:AG MCX:SILVER1! AMEX:GDX TVC:GOLD It takes zooming out at least 20 years to feel good about buying gold or silver, traditional inflation hedges. It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid. Regardless - silver (shown) and gold are hinting at cycle price...
This is a quick and dirty estimation of what silver might be up to in the coming days. We have a broadening wedge that could provide some structure, perhaps enough for us to get up towards $40. The reddit short squeeze could be very real and would likely break my upper resistance if it were to play out. As always, nothing is certain and this is certainly not...
10.8.21 AG Bobby's Homework Part 2 ............................................................................