It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
It's time for precious metals to take a cooler. I noticed AMEX:JDST 's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think AMEX:DUST is worthy of buying at these levels too - except they don't have miners, but I see a...
It's time for precious metals to take a cooler. I noticed JDST's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for...
Gold is double topping, will fall into the summer, before taking off. If we over-extend lower to the $2,000 level, then it'll be in fall that gold takes off. Taiwan war cancels this plan. A birdflu pandemic doesn't.
I don't think it's quite their time yet, I see a fall, a month of meandering, before launching and hitting my green target.
Did you know gold and Nividia have an 81% correlation? That's strange. (chart in comments) I see a double top in gold. TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and...
I see a repeat of March 2020 happening but with birdflu (check out my silver miners AMEX:SILJ thread where the fractal looks better). Within 5 months, miners had a 42% gain, but within that time period there were 2 huge drops and 3 huge gains: 1. $46-$20 (56% loss) in 2 weeks (June-July) 2. $20-$40 (100% gain) in 4 weeks (July-August) 3. $40-$50 (25% gain) in...
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#GOLD & #SILVER have been on tear for some time. Both showed bullish patterns & we took advantage of that. GOLD We've been long term holders of the shiny metal but we did take a chunk of the "paper gold" profits (stocks, contracts) Want to step back in but RSI and $ flow have lost some steam, waiting. Silver Still looks pretty good. Volume is still heavy for...
2258 support held, but 2340 is now offering resistance. We have Buyers pushing the prices up for sure, see the GREEN UMVD started last week. We have gREEN Bars but TrapZOne is still RED>
There are no surprises with the U.S. dollar, vix, gold, precious metals, commodities, and stocks. Everything is right on track. We are nearing our SPY blow-off top target of 570-600, but we have some time to hit that before the U.S. election charades and the future recession. We'll review these things and then focus on what price action will look like in the...
2.618 fib Cup 3.618 fib Handle Wolfpack Green wave RSI: Room for overbought + future div 2023 Recession = Safety in Metals Measured Cup & Handle Target 1: $2700 - confluent with 2.618 handle fib! Target 2: $3000 Max extension
As posted on last December, gold is building wave 5 with a text-book elliottwave structure. Now in wave 3 of 3. A move back to ext 0,618-0,764 is expected to complete wave 4 of 3. Then it will continue up to follow the shown trajectory.
Bullish yes... BUT!!! With a warning. If I am looking at this ratio you can bet your Ass the Bankers are also watching this ratio. The Mayer multiple is a friendly tool giving us a potential sell target.
Expired GLD Weekly outlook. 1st WK MAY 2024 > NEUTRAL 📊 CORRECT Closed Price: 216.62 Target Price: 214.14 | Strike Price: 211.50 APR30 24' Upper Range: 217.38 Lower Range: 210.90
The chart posted is Low odds BUT must be looked at as the wave structure and the cycle s turn may 8th is nearing .I Am net long spy msft gld dia I have changed my positions and added this morning near the low in GLD I am also looking to buy BITCOIN I have target 56200 to 55900 but we may not get to it .
Spot Gold has fallen 5% since the Middle East conflicts have lessened at least transiently. Other fundamentals like the Chinese government and indeed its citizens as well as the central banks of several nations buying gold in high volumes support price from significantly falling from here. Supported by volume profile specifics as well as the Fibonacci...
Don't think #GOLD is done by any means. HOWEVER....... Sold some positions around the date of bearish engulfing. As of today the precious metal is still @ that price level. We missed a lil more upside but it wasn't much oi the whole scheme of things. #SILVER shows same exact signs except the Bearish Engulfing. AMEX:GLD AMEX:SLV