Looking for Q2 close above .78.
Twin refusal on 6 month candles is a HUGE topping signal. Now we wait for confirmed breakdown with Q2 close below 1.2579.
Great British Pound is above horizontal breakout line, below descending long term trend. 1.35 is now a "wall" (previous resistance turned support). $gbpusd #gotgold #gotsilver #debt $dxy
As for the US Dollar, expecting Q2 close below 92.30. Leaving a wick, as smaller time frame noise, above it. #usdollar #gotgold #gotsilver #debt
With a very convincing breakout candle (Q2 close 2020), now consolidation ABOVE important breakout line. 1674.95$ is a "wall" (previous resistance turned support).
1771.70$ "wall" (previous support turned resistance) no quarterly closes below 18 month moving average in previous gold bull markets
Next explosion in deficit (in progress) will set the stage for an INSANE run in precious metals, specially silver!
Consider M2 growth explosions as monetary imbalances required to keep nominal US equities afloat. After they get their boost... real assets start pricing in the damage. HUGE #silver move starting now... #gotsilver #gotgold #silversqueeze #fintwit #debt
M2 growth just like an ordinary inclining slope... But when you check out it's distance from the 24 month moving average, you see correlations appear out of no where! #moneysupply #debt #djia #gold #silver #fintwit
2002 seems to be a critical moment in silver's refusal to do down while rates kept disinflating.
low, but increasing premiums make this low risk turning point 38% move over 140 days 2350$ target
135% catch up move for silver and 36% catch up move for gold before even thinking about taking profits. Then things get fun when we enter bubble mode.
ethereum is 172% above it's 1 year moving average silver is 6% above it's 1 year moving average Which is one is a lower risk proposition?
Short eth vs silver (if bounce down)...
Silver would have to move over 900% before entering an "M1 defined bubble"
Hold on tight, when gold senses the next explosion in M2, it will explode BEFORE. Currently unwinding M2 explosion. Patience
Do you fear this? What happens after this do you think? #gotsilver #gotgold
1 year simple moving average sitting at 23. Construct similar to July 2010.