Every time the short term support line is broken the FTSE100 index has always reverted down to the red long term support trendline.
Therefore, it is sensible to assume that this will be the case again. A buy target of 5000-5500 is reasonable, however if the index drops below 5000, all bets are off.
Based on the Fed's adamant nature on raising rates over the next two meetings, I see weakness in the silver price. But not much more.
I think the Fed pauses and possibly pivots to easing after August when the true nature of the coming recession reveals itself.
Following that I see a rapid rise in the price of silver, in a similar time frame between 2008 and...
The US debt to Gold ratio looks to be topping.
The lower this ratio, the more US debt is covered by gold and generally means a rally in the price of gold.
When this ratio breaks the minor diagonal support line, the major support line will be the next target and gold will see gains not seen since the late 1970's.
Provided the Ukraine crisis doesnt boil over into a hot war, the price of UK natural gas should stabilise.
The price of natural gas will still be much higher than in 2020, however it should lead to more reasonable energy prices for the UK, again subject to de-escalation of the Ukraine crisis.
During periods of deep negative real rates gold tends to do very well.
The 1970's was a decade which saw big moves in real rates due as the Fed trying to combat the high inflation.
The more volatile the moves are in real rates, and the deeper into negative territory real rates go, the better gold performs.
We may be entering a similar period where the Fed is...
When the gold/silver ratio breaks down, the evidence is clear. A rally in both metals will occur soon after.
Silver benefits much more from this ratio breaking down than gold, however both metals will rally.
The minor support line which has seen the meteoric rise of the nasdaq since 2020, appears to be close to being broken.
The next major support line is some 39% lower than the current nasdaq price.
Will it reach this level, possibly not. However owners of stocks in the nasdaq should be wary that this drop could be possible and therefore I would not buy at this...
I got a bit of criticism over not being clear enough in my previous chart. So i have created specifically a Nasdaq index chart which will show my thinking more clearly.
The Nasdaq index back at the start of 2000 was the bull market to end bull markets. The innovation of using the internet was a technological revolution and no one saw an end to the bull...
Platinum has completed a backtest on the upward resistance line (now support) of the bearish wedge pattern it has been trapped in for 12 years.
A breakout and a retest is incredibly bullish and i'd expect the price to reflect the set up we are seeing by 2023/2024 by reaching old highs.
The GDX, which is an ETF comprised of precious metals mining shares appears to be topping with a head and shoulders pattern when compared to the DOW. Basically when this ratio reduces the GDX becomes more valuable when compared to the DOW Jones Industrial average and broader stock market. This ratio appears to be trapped in the undervalued zone (for the GDX) and...