I have focused heavily on the Gold run that I have called to perfection thus far and I have neglected Silver so I will post an update regarding Silver!
Silver, like Gold, is on the verge of a large bull run and historic break-out - this is only the beginning. I am expecting Silver to get 20.00 sometime in October, with a move to 17 again next week, and 18 in the...
Gold has already broken out of its bottom consolidation and made a significant move up over the last several months. This is significant, because it shows that in the midst of stock market stagnation and uncertainty, people are hedging their bets with precious metals. Silver has been lagging, but possibly not for long. Based on the chart, we can see that Silver...
Hi, thanks for viewing. I hope this makes sense to someone - not just me :)
Great performance from silver recently showing;
1. That there is life in silver,
2. A nice impulsive move,
3. Out-performance of gold.
However, all my lines and pretty colours suggest that silver may be about to consolidate before moving higher. It's just how I see the chart (I will be...
The Technical Analysis
The Price action & MACD both on log chart
RSI had a technical double bottom and price action set a higher low
MACD moving upward upward
Triangle due to break out
RSI very likely to swing to oversold based on history
Yield curve inversion
Greenspan says NO BARRIER to treasury yields going negative
SPX only up 5.3% in...
Divergence of Gold/Silver ratio started to show hope..
Do you have any idea why this is happening now ? I'm totally clueless! XD
Anyway Open Short Gold/Silver @ 90$
Hi :wave: :* <3
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I'm not a pro.. but it helps me relax whenever I run out of chewing paper..
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Unresolved (Blue) Triange, with small potential short term channel (Black) emerging inside . My guess is retest $15.15 with sideways/consolatory movement afterwards. Price should respect both Triangle and the Channel until fed hike decision time in March, with breakout potential.
Silver consolidates above the previous $16.80 resistance, finding new buyers on dips. Currently $17.14 per ounce, the double bottom and the triangle breakout signify further upside potential with price ultimately targeting $22 an ounce in the short term (3-5 month time span).
In so many ways, the upcoming turn/pivot around the first few days of August will seem swift but the unfolding of the action will happen all the way till October. How things unfold will depend in a BIG way on 1) US Federal Reserve Bank and 2) US/China Trade Sentiment.
Last Thursday, as we're all aware by now, New York Fed President John Williams inadvertently...