Newmont will dip and the soar 400% by next spring! (MULTIBAGGER)Pretty spectacular prediction huh? How am I calling all these movements? I found a repeating fractal in AMEX:SILJ that correlates to market plunges. I lined up the previous price action and it's following it to a 'T'. I expect similar repeating fractals for other assets as well.
Whether the FED is hawkish or dovish, after the minutes are released the market will go up and then fall down precipitously. Could be because China devalues, or BOJ sells treasuries (which were hinted at on Zerohedge today). Price will rip AFTER the FED cuts like it did in 2020 for the pandemic.
The price is gonna go from $42 to $50 for a possible blow-off top, down to $30, further down to $20, before going to $80.
OTM calls and puts can be bought for $5 for 2 weeks out so in two weeks, start buying puts in August and October and some longer dated calls (December). That way, if IV (Implied Volatility) gets too high, you can always sell those and make money when it gets hectic and IV explodes, regardless of where price is at (sometimes). Of course I'd like to reup some more puts in late August/early September if IV lessens, for the final ride down. Not sure about IV at the bottom, which is why I suggest buying calls before the plunge just in case.
OF COURSE THIS ISN'T FINANCIAL ADVICE.
