Silver's closing in on its best week in 40 YEARS..Yet this chart suggests bull market in its very infancy. Macro fundamental signs pointing to colossal multi month/multi year up move in price.
As the American dollar continues to devalue, I remain long gold , commodities , and all of the other things that should should be invested in during one of the first--and possibly worst--stagflationary economic transitions in history here in the United States.
Well done to all that took this trade with me! 💸
13:26:26 (UTC)
Fri Jul 31, 2020
The Gold chart shows a magnificent bull rally recently, and it stopped short just before 2000. The candlesticks indicate a possible stall, albeit temporary. The MACD is similarly pointing to a stall of sorts too. Given that Gold likes to rally hard and stall, it is likely to be retracing to about 1920-1940 area, before a last attempt to 2000 (or Intraday pop to...
The price of Silver is set to make a run and like Gold, the macro fib extension is the road map.
The log scale weekly chart is a great way to illustrate just how far it could get. Looks to me if price can break out to all time highs, traders would target $88 and possibly $135.
$gld $gdx $nugt $dust $jdst $jnug $gdxj $slv $sil
I'm bullish on gold no matter what technical patterns are at play. This is an interesting pattern I've not spotted until the last few months. Looks like a legitimate ascending triangle and measured breakout. Will it break above and never look back or will it correct and land on top to test the triangle? ...
Gold price action in 2007-2008 shows how the 1980 all time high was broken.
I've compressed the time scale, cause, lets face it, things are happening faster these days.
I'll be looking for a wedge pattern...
The silver to gold ratio is telling a story worth listening to. It seems to be telling us that silver is still incredibly cheap compared to gold and is closer to the floor than the ceiling in terms of value when compared to gold.
There is a channel working right now. i´m tented to exit and enter, except if gold moves so wild that the top line of the channel is crossed by the candels.
It appears the path has been chosen. Bears may have a chance at the primary trend, but bulls look very very strong. A new all time high is in the cards for the summer season. Technically it should arrive in about 6 weeks.
Sept 1st prediction
AXUUSD 1900
GDX 52
GDXJ 66
XAGUSD this wild beast has broken free today. Who knows where he will fly to...
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Well GDX looks really healthy right now. There isn’t even a bearish divergence which means we can buy it right now if we wanted to! Remember to stick to your process whenever you are entering positions. So for now, we will leave XBI and QQQ alone, but buy GDX right now if we so...
