Take your time to 'read' this chart. Gold looks very promising long term.
Removed is the short term noise.
The BIG picture takes us to 3.500 usd, correction, and after that 10.000 or / and much higher (hyper inflation?)...
What you see here is a fractal of the period 08, put in the present time and further...
It is a possibility that BTC is bottoming to make a move upwards..if there is enough momentum.
Now there are several big buyers active and of them has already bought more than 130.000 Bitcoins in the last few months and an other one more than 50.000!
If in this moment other big buyers would be active the price of BTC could jump to 8.700.
2019 looks very promising for silver. Commodities are doing well. Uranium has yesterday crossed the resistance-line of 2011.
Silver follows/makes the same pattern like uranium but is a few months behind.
Watch the resistance-line of silver of 2011 until now. There's not much time to go to break the resistance ..
Today we have a milestone!
The resistance-line, since 2011, was taken out with a huge jump!
Good news was the basis of this jump: Next month there's only one vanadium producer in north America...
Tahoe Resources has lost it's license to mine the Escobal(for now) in Guatemala.
Bad news for Tahoe but should be good news for silver.
The court has suspended the license. The price of Tahoe went down 1/3.
Escobalmine is de second largest zilvermine in the world. Last Yr's production was 21 m/ounces.
If one of the biggest mines in the world had to stop silver...
I had to adjust chart. Short term patterns are of the table, they don't fit any more.
Only the long wave count still exist .
When silver dives under 13,65 then we have a whole different ball game.
Perhaps the lawsuit of First Silver (AG) can turn this situation around but for now the picture looks verrrry bad.
The crypto's are a better place to be in at the moment.
The very long lower wick on the candlestick for the 26th of June is very bullish; it completed a Hammer candlestick reversal pattern.
It looks like a low is in place at least short term.
The last downwards swing within the consolidation now looks likely to be over, so an upwards swing may now be in its early stages and may last a few weeks.