If resistance is broken, VIX 100-175 is a possibility. Decision will be made very shortly!
Nobody knows which way it will go, but a decision is coming.
Silver ascending wedge was a bearish flag and broke down. It is now trying to recover. If it rejects, it could end at the lower support.
Broke below 3020.. Could be a big indicator.
6 out 7 market crashes also led to silver crashing. 2008's crash was massive on silver.
Unless some miracle happens, looks like the 2Y is heading to 0..
Just an idea.. Silver has reversed trend perfectly, and looks like it will complete the head and shoulders pattern.
Looking for a drop on FOMC minutes tomorrow.
I believe stock markets will push to ALL time highs, and squash gold in the process. Ever since the REPO operations started the yield curves started to steepen. The bond market was sending a strong signal something is wrong, and somehow they were able to reverse the trend. So far, I see a massive push to raise the yields, and it keeps working. Naturally as bond...
In the past two recessions, US02Y bounced up. Will it do the same this time?
Could have a quick 1-2 month rally and catch right back up to trend, TP: 3300
Head and shoulders is forming, and silver has completely broken down from trend. It looks like it will be all downhill from here. We'll have the classic up/downs with the occasional gap down. Naysayers will be saying, but what about money printing, trade war problems, etc.. that's what I thought as well. This market is not rational and chart has been damaged.. it...
If you take a look at the previous recession's pattern, it looks like it's about to happen again.
What do you think? We're on an uptrend, looks like 2.7 will be the limit to me. Post in comments.
I believe there will be a strong breakdown in mid Dec at the end of the second week. Will it be Gold, or DJI? Post what you think in the comments.