Rectangle formation is forming on Argent,
7>21 and Price>200
RSI<50 - Mixed
Target R17.83
CONCERNS:
High volatility and low liquidity signals show an unhealthy chart, which is not great for breakout trading.
For investment purposes it looks like Argent wants to break above the Rectangle and head to R17.83.
But with the mixed signals and erratic price action,...
Silver, which has been hit this on Thursday, made a comeback right after this quick selloff. This quick recovery might be seen as a confirmation of the bull market in place since last year, as the deep has been bought quite quickly by investors.
This set up seems particularly positive for the months to come, in this reflationary recovery in which silver would play...
Alien metals (UFO) after an 8-month correction seems to be about to turn up again judging by:
- A momentum turning up
- A reverse head and shoulders pattern
- A price above the 50-day and 200-day moving averages
- A positive Ichimoku set up
Knowing that last year's up leg ended up with a multiplication by 30 of its price, before correcting, UFO could this time...
Alien Metals, which is a high beta play on silver, but also other base metals such as iron or copper, seems to be retesting its resistance after a 7-month consolidation.
Given the positive dynamic of precious and base metals, $UFO might reach new highs in the coming semester.
Silver, after a decade long fall, has entered a positive momentum and now offers a high risk-return trade-off.
Correcting the price of silver for the quantity of money, we can notice that, according to this measure, the last silver peak of 2011 would now be equal to roughly $100.
While this does not indicate whether silver should reach $100 over the medium term,...
- Silver is considered a safe haven asset
- Silver has historically an edge against inflation
- Correlation with Gold
- Wolrd economics trend are bullish for gold,
- Also r/wallstreetbets, getting hype around silver is only good
