A 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off...
I am long because I think sectoral needs for silver will drive price up. Looks like double bottom here and DXY can not hold strong for too long.
AGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great uptrend from which it pivoted down in a 50% Fib. retracement which took two months to complete. After a bit of consolidation and sideways channeling, it has finally launched into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning indicator...
Any good/silver/bitcoin related stocks will be following a similar pattern. Don’t miss the train!
Silver will be blowing up soon make sure u don’t miss it!
Silver broke out of a descending wedge, a consolidation after its February 2022 run. The 2X silver fund AGQ is looking great here with a technical breakout retest. A bullish MACD cross will likely send this to $50 + then it is going much higher with silver. Precious metals are about to have their moment as stocks and crypto sell off.
Have been long on Silver ETF for almost a year now. Added more during the recent dip. Can retest the $70 high - that's 80% upside
If Silver manages to break its all time high, I believe AGQ will pass the $400 resistance and reach the next level of resistance at $2500. This will leave us with a 6000% gain. This play all depends on Silver breaking new ATH. I'd still rather own physical silver, but I've definitely thrown money into this incase it plays out the way I envision it.
CCI divergence and support makes for a decent risk reward!!
entry time: 06/14/2021-06/23/2021 entry price: AGQ ~$53 (mine DCA is around 48) account position: 25%, + 3-5% option price target: ~60-100% profit , AGQ 80-100 stop loss: will only buy more with big dips (change position into long term, wait for breakout either end of 2021 or in 2022)
Please check my previous ideas on AGQ, why I like to invest in it and the potential there is. AGQ is a 2x leveraged Silver ETF. Instead of utilizing swaps like most geared funds, AGQ invests in silver futures and forward contracts—this also means the fund is structured as a commodities pool, so it will distribute a K-1 form. Since I expect silver to go higher,...
The silver sentiment is much better than gold. Gold/silver bull run should start somewhere end of this month and next month. Start adding position on AGQ around 44-48. a weekly close below 55 MA should be stop loss (around 42 currently). profit target depends on the time frame rather than the price target. Note: The only thing to be aware of is the USD cycle ---...
Watching and waiting for confirmation. This might just explode to the upside if it breaks through this wedge.
For last 5 years the price has been so boring. Since now the price has broken out of the supply line, this ETF can move up quickly from this stage. It is also giving us a low-risk entry at this level too. People need to have patience to hold this for 6 months minimum and reap its potential. Can run to $200 level (4x) in about 12-18 months per my prediction model.
Lets get real here, the system we have know and that has brought us many wonderful things and a whole lot of corruption is approaching its curtain call. This is a play that I see being better than average in happening. The down side? None. At some point there will be a reset of the system and at that point Big Bro will pick up the ball and go home leaving us to...
Gap starts at $110. If the squeeze happens ill see you all on the moon. good entry here it's about to breakout.
Short Term Trade for Silver. We see the quick 45% drop and double bottom which occurred shortly after. From that low of 37.40 our first target is a 45% recovery + .318 = 66.20 Our 2nd target is a 45% recovery + .500 = 72.93 Our Stop Loss is at - 43.71