As you may know, JPM is buying physical silver and buying silver mines, while shorting Silver on the markets.
This is pure abuse of power and manipulation.
But anyway this gives us an indication that Silver will one day suddenly boom into $40+ levels, and will never go back down again.
It is very near, as markets started to collapse and CoronaVirus is not even...
GOLD
Though 3 days ago the daily close was the highest close since 2013, we stopped the rally.
On the 8 hrs chart above it still seems we are just testing back the triangle but as we are on day 18 time is not working for us.
Today is day 18. I'm expecting a top on the 25-26th day. That would be on or one day ahead of FOMC. The drop back below the triangle's...
Silver has been consolidating in this triangle formation for quite some time now. Is it looking for a catalyst to change that? With global markets fearing a correction, history shows us that society reverts to the tangible world as a safe haven. According to the LBMA Precious Metal Forecast, top analyst predict that silver will be the strongest performer of the...
The gold chart is on a long-term upside
Most likely, the fall in gold prices, which began in 2011, has come to the end
> And of course, the price trend of silver is like gold
This is a revision of the previous analysis that I did on Silver. Let me start off by making clear that I am still very much a bull on Silver. The price action looks very impulsive since the start of this year and does not really fit in the price action of the multi year bear market before that point in time.
Therefore I revised the wave count to give you some...
Silver seems to be in the final E leg of that 4th wave triangle pattern (ABCDE). I take the surge we saw this Friday to be a B inside an ABC correction. The final C leg can go as low as $18,50, but I do not think it will go that low.
Note that the orange in the chart constitutes the highest scale, followed by white and green.
Settling above the $20 mark is a...
This is an update on my Silver price analysis that I published about two weeks ago. It appears we have finished the D leg and are now tracing the E leg of a giant ABCDE corrective pattern. Note that this is very bullish for Silver as it is a counter trend pattern. Silver has shown some very bullish moves from the start of this year and I think it is far from...
Gold has been in a very strong bull trend since the start of 2016. I have zero reason to believe this trend is changing any time soon. We could be looking at the end of an ABCDE correction; which means the final E leg is already behind us. In that case the E leg ended where the C leg ended in this technical picture. However, if gold keeps going sideways to...
Gold’s recovery from the low of $1329 followed by a move back above the daily rising trend line suggests the retreat from monthly highs has ended, but reckon further gains may be hard to come today, given the hourly money flow index has turned lower from 80.00 levels.
On the higher, trend line drawn from July highs to Aug highs comes around $1364 needs to be...
Watch the lines. It looks like it might be forming a several months long pennant and the two sides (pink lines) of the pennant triangle will converge by 05/31/2016. Watch the lines for decision making.
