Trend line from 2016 is well in tact and looks like this is the beginning of a significant upcycle. PM’s have always had an inverse relationship with equities and I watch the news closely to determine price targets. Trade war with China won’t have news until near end of August. I believe silver (and gold) will continue to rise until any news of resolution. No...
Entered the start to a SLV position, at what may appear to be a massive premium. Total position will slowly be formed, but entered the long here using long call debit spread.
Silver daily has gone parabolic and is rapidly approaching resistance.
Lots and lots and lots of resistance. Indicators and history suggest longer term SILVER is headed down, and it's a long way down to trend.
I did not immediately appreciate the second overhead resistance (blue line). It starts back in 2015! It represents the last area of resistance to be targeted. I've tried to make the new channel lines thicker in appearance but right now SLV is filling up the gap from yesterday using the resistance line as support. Next target is the second blue line but I think we...
Bearish AB=CD just formed. Support 1,2 is 38.2,and 61.8% of CD. Good luck!
It just touched the moving average and launched like a rocket. Huge volume too.
This silver ETF had an awesome couple of weeks. The chart seems to show that it needs to take some air before continuing the race. Mid-long term, it seems to be a clear buy.
I expect this to happen. Would be textbook behavior. It might go higher before executing the throwback, but probably not much.
Have a great day all!
EARNINGS There are a bunch of heavy-hitters reporting this week, but I'll cull it down to the most options liquid underlyings amenable to a decent volatility contraction play ... . Pictured here is a TWTR (40/52) Aug 16th 39/42 short strangle camped out around the 20 delta strikes. Paying 1.30 (.65 at 50 max) with break evens of 31.70/43.30, it's got a...
OMG. Silver is on fire. Volumen confirming. If this continues tomorrow, 15.10 is gonna become support.
With the devaluation of currencies globally and negative interest rates plaguing over 25% of sovereign government interest rates, Gold has come back in favor breaking their resistance of $129.00. Broad indexes are at all time highs and fear of devaluing currencies will create a run for a "store of value" trade which can also be perpetuated by a "fear trade" where...
Looking at Silver's weekly chart, it has finally cleared the overhead resistance that's been keeping it down for years. I think long dormant bulls came to life with the Fed's recently stated intention to raise inflation (yes, as backwards as that sounds, that is what was said). Rising inflation = weaker dollar = stronger precious metals. Silver tends to be more...
Am I being too optimistic here? Look at the volume, though
USLV... Let's... Get... This... Party... Started!!!
EARNINGS IBM (54/26; Thursday), JNJ (56/23; Tuesday before market open), and NFLX (35/41; Wednesday after market close) announce earnings next week. Unfortunately, all of them have less than ideal metrics for a volatility contraction play (>70% rank/>50% implied), so I'm likely to pass on all of them. That being said: Pictured here is an IBM 130/135/150/155...
Hey everyone. The poor man’s gold looks like the deal of the decade at the moment. I know we’re all in a hurry to pick out Lambo interiors during the upcoming LTC and BTC halving cycles, but don’t miss out on this. Top chart: +408% move in the 2009-11 bull market followed by a 72% correction. Sounds eerily familiar, right? More mature asset + more...