rrmhearts

rrmhearts

I heard a rounded bottom is a stronger support low than a sharp bottom. This one seems much more rounded than all previous. We see support from the descending channel that we broke out of and longer term lows from before and after 2011. Those longer term lows can be seen in the light green line in the following chart In addition, we can see we're at the low in...

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There has been resistance on CPI/DXY since 2008 or so. It seems that there may be a dramatic move upwards very soon. The question is what happens to the price of commodities when we break through this ceiling? Look what happened when we knocked on it twice back in 2011. We're already there. Is inflation going up or down from here? People are sitting on the largest...

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Previously, I pointed out a head and shoulder pattern represented by the green drawn line. A second rally occurred which I did *NOT* expect. However, I think we've finally found the second shoulder. Notice the peaks in RSI and consistent reversal pattern. This is DXY/(GOLD/2000 + SILVER/20) which reveals a more true evaluation of US Dollars. However, similarly a...

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Notice the historical trend here for DXY/CPI. This relationship shows the dollar's value against other currencies and hard assets (price inflation). There is a historical precedent for these dropping curves, it seems the next drop is imminent. There is a clear inverse relationship to GOLD normalized by SPX. This is not financial advice, only an observation. Where...

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It's not ideal, but on the positive side, it is a higher low. And when you think of silver's price in relation to almost anything else, it is the cheapest it's ever been. For example, in SILVER/SPX, you'll see silver in a new light. Similarly in relation to the money supply: SILVER/M2SL Lastly, in context of all metals SILVER/METAL, silver is the cheapest it's...

rrmhearts Updated 

There is a growing notion recently amongst the experts that the dollar will rally from here due to coming rate hikes. I must disagree. Today, we broke the 94.5 ceiling (red) which seems bullish, but we have not broken the longer trendline going back to 2011 (black). It is my opinion that the real rejection is at 95.2. After that we are likely to see a downward...

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In this ratio as well as in DXY/(1+GOLD/2000+SILVER/20) there is a distinct and complete head and shoulders pattern showing further weakness in DXY along with bottoms in gold and silver (but you can see that in their own charts). This ratio is likely to fall along the green path in my analysis. Notice we've broken the floor trendline going back to July. The rally...

rrmhearts Updated 

After rallying since the beginning of October, we have had 2 days of retesting $24. It seems like $24 will hold and will peg a new low for silver. Previously, we've seen a inverted head and shoulder pattern revealing a new bullish leg. That bullishness has now nearly completed testing the $24 mark. Expect to see new highs in the near future. I believe we will be...

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This chart shows SILVER as a ratio to GOLD, COPPER and USOIL. Notice how the silver price is at historic lows compared to these other commodities. I encourage you to also look at silver's ratio them individually as well as SILVER/VAW, SILVER/METAL, and SIL/SILVER. The last of which shows the undervaluement of silver miners compared to today's pricing of...

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I said this at the bottom of the head as well. This is probably the lowest we'll ever see silver again. The upside to silver is extreme, even if we only return to the natural ratio in the ground of 1:19 gold to silver. The gold price is around $1760, which means the harmonic price for silver would be $92. Demand for the metal is increasing, while miners are barely...

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Gold has been stuck in a sideways channel since June 2021. There is significant support for gold around $1727 which was the price near the beginning of COVID before breaking $2000. There are strong support lines proving a ceiling around $1831. It seems we will be retesting this support level in November or December of this year. If $1831 is broken, it seems the...

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This chart shows DXY over an equal weighting of gold + silver + crypto. The idea is that these asset classes could potentially replace the dollar in global reserves, thus weakening the dollar. During a downtrend in the dollar starting in March 2020, we see a channel up in the dollar while alternative assets even sell off during the same period. In this ratio...

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The uptrend in the dollar ending with COVID-19 (March 2020) has ended. We've recently retested the trendline and are breaking down along the green arrow. I expect we will break below 89.5 near end of year and we test 85 by end of next year.

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Silver has been in a very long descending channel since early summer. Currently the price is breaking out of the top of the channel. I believe silver only has upside with the coming silver demand from the infrastructure bill and the green movement. The charts seems to confirm a bullish leg coming up. Enjoy!