forget the Goldilocks economy. We've got the Steroid juiced economy... I mean market... which are not the same thing I have set the level for a crash but fear not the game is rigged and prices are set to rise further. buy the dip because we live in a risk free world. how wonderful!
yes! sell is a good idea for this one. are all the buyers in? have we reached saturation point? sell the sizzle. whos buying it? support trend line is broken. we need more CB liquidity man...
IGO chart is very good. making new highs on the daily and 2W charts. long term Target = $13.50 sentiment is king.
PRU closes with a new high on 2W chart. time to load up again on PRU. balance sheet also looks ok. 2 fibonacci levels are broken. buying strength is good. up trend is in place. buy and hold for another year.
Long term buy and hold on TLS as it has broken out of a long term range. PE is 26 which is cheap by todays standards.
silver has been consolidating quietly over the past 12 months. a nice bull flag setup is in place previous support @ $20 held. expect 2022 breakout for silver
GOLD @ an iminnent break out? could it break out earlier than my predicted feb 2022 timeframe? money is flowing everywhere and gold sitting stable while others have had their run. once it breaks expect a target of $7000 USD.. circa $10,000 AUD
TSLA is the most bubblicous stock. price patterns in recent years mimics BTC. theronas was also good a few years ago. Eron was a market darling too. The data dont lie.... cheap money hides the truth. could this be the final exhaustion gap? There are insiders and outsiders.. this is how the game is played. Michael Burry is an outsider and audited by SEC while...
daily chart formation is looking good. price is holding @ support and an inv. h +S pattern could appear soon. fortnightly chart looks as though buying support has come into play in the last couple of monmths. RBA might change direction and hit the brakes on its free money policy. Petrol is already breached $2/Litre.
Barrick showing buyers @ support trend line. buy this trend line support keep it simple
KCN long term chart showing how it was unloved when the Chatree mine closed and now its back up. Market is showing KCN some love. Price has moved too fast in a short time so expect some sideways churn before the next move higher.
Im bullish on CNY i expect the CNY to make new highs when it breaks the trend line. will go sub 6 USD.
in the past. GOLD has 10x on each cup breakout. this time is no different. Price target for gold in the coming 5 years is $10,000 USD inflation is not transitory. when nixon closed the gold window, he said it was temporary. economics is all about politics.
** daily chart break down for XJO ** time to buy more BBOZ etf expect XJO to reach circa 6000 points level game is almost over.
* a rising wedge pattern will soon break to the downside. * price reversed at the recent fibonacci level. * Trees do not grow to the sky * what will be the macro catalyst to trigger such an event? * We do not know
1. there is an exhaustion gap on the daily chart. (bearish) 2. fibonacci levels show a resistance level has been met. (2 week chart)
the 2 week chart shows price @ long term support level. see the yellow trend line. expect some strong buying to coming into SBM in the coming weeks. i will take a punt and buy a small parcel of SBM
AUD will rise together with gold price. found support on daily chart .71 expect a bounce from .71 and retest 75 cents (resistance line on 2W chart)