As we all know the heavy news speaking loudly about silver. Although of course they are half right and I will let them buy it on Monday all tbe way to 28.8 $ make them happy , and then just when they think its going to fly to 1000$, then the sellers will show up to take the money away. we will be looking for shorts on Tuesday onwards. with long term hold of up...
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...
Although too many people are screaming for $30 Silver for quite a while it might be the time when banks are finally positioned themself on the right side of the trade and let some price discovery catch up with reality.
In this gold / BTC chart you can see a bottoming formation and even the beginning of a cup and handle. It's too soon to tell because we only have the cup so far, but it wouldn't take much beyond expected market activity to form a nice little handle on there. There is already a handle on the other side, so perhaps a better name for this formation would be a...
Silver to Bitcoin bottoming formation complete; could turn in to a nice cup and handle. This is extremely bullish for silver.
Wondering how to convert bitcoin to silver? Check out what reddit has to say about it:
Silver is approaching key levels of support. As a result, I'm expecting AG to bounce off of this critical level of MONTHLY support in the coming days to weeks ahead. If there is no immediate bounce off the level, you can then expect some consolidation before it takes off to the upside.
PSLV has bounced from the weekly level that I had been eyeing for weeks, where I have been compounding again and again.
Today it seems to be officially breaking out from the CC range too. The fib time levels also working nicely imo.