Silver's price action has been curious, as it started to drop suddenly right at the beginning of February. Lost 5% in a day, in fact.
Gold took a little bit longer to move, and notably dumped on a much smaller magnitude.
I have an open call from mid-January that gold is likely to correct, and it appears to be coming to fruition:
Gold GC1 - Discard Greed,...
Just a look at where it's been, and where it can go based on where it's been.
Entering one of the oldest seasons we have; realization and dependence on basic things like service and what we use the most. Typically, materials like rocks bring value, cause governments and government made cash doesn't. This season will be different than all others.
What has held...
I'm very bullish about silver moving forward. I firmly believe that at least 75% of your long holdings should be in physical silver in your own custody. 25% can be in paper contracts, stocks or derivatives. I still think there are good trades to be made on the short side, at least for the time being, but always use a stop loss.
Just another updated long trade idea now that we have confirmation.
I will link the Silver and Gold Video down below so you can see what this idea is based on.
Trade Parameters:
ENTRY: At Market.
STOP: $19,894.
TARGET: $46
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern ...
This long trade idea is based on the latest video - THE SILVER & GOLD VIDEO linked below in related ideas.
Silver has printed some very clear waves over the last few years and is getting ready for a nice move up.
I do not believe Silver will make a new all-time-high in this run up, so shorting at the highs is encouraged.
Only trade these moves if you understand...
In this video I explain exactly what I believe is going on in the grand scheme of things.
Everything you have been told about precious metals is a lie.
Believe it or not, the waves are going to do what the waves will do.
I believe that looking at precious metals as a safe haven asset is a fool's game.
Humans will always come up with different reasons why it's...
Here we are looking at SILVER on the Weekly TF…
As you can see, SILVER has been trading within a macro symmetrical triangle structure, which has clear and established support and resistance lines.
Silver has been trading within this structure since March of 2020 (COVID—19 Crash). Since then, it has tested descending resistance 5 times on the weekly, and...
Gold has had a very healthy pullback into a critical zone. Last year it had a significant move down, took out all the lows around 1700, and bounced hard. Despite interest rates and the US Dollar being much higher than 1-2 years ago, Gold has held extremely well.
After its rally since its November bottom, it finally pulled back and got into crucial support. To...
The dollar is in a secular downtrend and after a brief bounce back which we played on the long side, the DXY is looking toppy and should continue to rollover in the intermediate term. Besides stocks, a beneficiary of a weaker dollar are the precious metals. I like long SLV as a high beta trade and expect SLV to continue to bounce higher in the coming weeks.
Here we are looking at Daily on the Daily TF…
We’ll keep this idea brief as it’s pretty simple in its nature. SILVER has seemingly began to bounce from its local support that it formed back in November of 2022. If SILVER can hold this support and continue bounce from here, we can expect further upside to follow…
I will continue to update this chart as there are...
I present the Grand Silver Supercycle. Silver has followed Elliott Wave Theory nicely through the years. The price hit a century low during The Great Depression, beginning what I believe to be the first wave of a supercycle. There is a clear five wave pattern up from this low, peaking in 1980. This is supercycle wave 1. Then, we see a five wave corrective...
The Fed and US economic data will likely prompt s big move in Gold/Silver over the next 36+ months.
My read on the data is that we are starting a price cycle that is similar to 2002~2005 again.
Early bullish trending throughout 2002~05 prompted a massive 500% rally in Gold - reaching a peak in 2011.
If that happens again from the $1700 support level, we may see...
This incredible rally in Gold won't really end until prices reach levels above $2250. My target is closer to $2400 - but we'll see how things play out.
Overall, Gold moves in $350 price phases. From recent lows, the top of that $350 price phase is near $1985.
I would suspect a moderate pause/pullback after reaching the $1985 level. The low of that...
