Silver is approaching a long-term consolidation and has put in a nice selling tail with high volume. We're approaching a consolidation wedge between the long-term resistance with the secular bull support from 2000. I expect a breakout one-way-or-another and suspect it will be in early spring and to the upside due to the Gold/Silver ratio being at an upper extreme.
LTC has been pretty consistent and we're seeing the rotation into LTC that typically happens after a BTC move. The cycles have been consistent but it looks like LTC wants a higher ratio to BTC based on volume profile. This tells me that LTC could have significant upside moving forward. Not only is USD, but more importantly we can see the technical upgrades...
I"m thinking we push to all-time highs in LTCUSD as capital rotates out of BTC into altcoins. LTC in my opinion, is one of the key large alt-coins to watch for explosive gains as the infrastructure is the future. Long term holder of LTC and it's my core position.
LTC cycle rhythms have been working like clockwork due to fiat getting first touch into BTC & ETH each cycle. LTC tends to pop afterwards as crypto rolls into it a little afterwards.
I've rotated back into LTC and will watch the support for confirmation of rotation and volume. Then monitor for continuation. I would think we at least get a test of the 50% fib...
It looks like the Bond market hasn't priced in growth or we're going to see a nasty reversion trade in the materials sector and a bond pop.
The Copper / Gold pair is a great proxy for inflation due to the divergent properties of the 2 metals. Copper is purely an industrial metal and a proxy for inflationary growth so the 10yr reacts correspondingly. Gold, on...
BTC is coiling for a big move next week in my humble opinion and finalizing a 2-week bullish pennant formation of consolidation before the auction can resume higher. Watch the 2310 level for an excess selling tail on entry and the rotation higher.
Litecoin tested the support successfully and is now consolidating for another big leg up IMO in a few weeks. The next pulse up is aligning with the time period around the big MIT announcement too. Litecoin is everything Bitcoin used to be and I'm bullish long-term due to LTC's infrastructure resulting in a viable payment crpytocurrency. litecoin.mit.edu
S&P 500 vs. 10y30y credit spreads over time. Math wins. Just another Federal Reserve Asset Bubble. Can you see the decoupling at the conclusion of QE? Mean reversion imminent - higher yields or lower equity prices?
The major down trend has converged with the short-term and intermediate trend. We've also built a basing formation and in a pennant consolidation pattern. I think we auction up to the major 38% fib and 50% of the trend.