Easy move up the perfectly created building blocks. Nothing abnormal here, just beautiful price action with time reduced point and figure chart. Am I the only one using these? I feel soo old school. Anyways, 16.10$ then 19.25.... THEN +32$. Remember, in a precious metals bull era, consolidation patterns have a tendency to resolve upwards. Enjoy! #inflation #debt...
Check out this quarterly linear chart for Soybean Futures. Along with sugar and silver, very inflation sensitive move above to get going. A bullish cross on true strength index deep below zero could signal a strong move up. Very early still yet. $zs_f #soybean #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Chop sticks helping me out and volume profiling... on a Point and Figure Chart! Ahahah. #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Early Bird gets the worm! Use point and figure chart to reduce noise. You'll see a time reduced, clear price action driven analysis. 3$ target for Granada Gold Mine. @granadagold #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $GGM.v
Check out this point and figure chart for sugar. I have previously posted the INSANE correlation with sugar and gold. Gold leads the way.. and if sugar believes what gold was sniffing.. then it EXPLODES! This is probably the very early stages of this next move up! Enjoy. #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Historical monthly chart for Euro vs US Dollar. Now using distance from 2 year moving average to spot strong rate of change and momentum shift. One more piece of puzzle left to fall into place... Get ready for commodities, gold and silver to go up along with euro. $dxy $eurusd #hyperinflation #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Maybe... just maybe... 63.50$ August 2021, then 400$ August 2027. Will never close monthly sub 45.50. Now, why can't I foretell the future? Damm... Note I was listening to Rage Against the Machine while doing this chart... #hyperinflation #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Fibonacci is Silver's best friend! Combine Fib time cycles AND Fib extension helps target price and time to reach. 64$ target before drop in Nov 2024 cycle low. Can easily over shoot on smaller time frames! Triple digits maybe in 2023? HOLD ON TIGHT! #hyperinflation #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Gold expressed in US Dollars at 375K for 2031... I don't have to explain you the hell what happened to get there. Else, more probable target is 24K in 2037. #hyperinflation #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
170k target in +10 years for Gold expressed in Turkish Lira. Coming to ALL fiat currencies.
Gold and Fibonacci Arcs w/ Gann Fan to tune in possible range of targets. Then using a pivot line in current move helps pin point time to reach 3725$ target. All in time before descent in 2024 lows from other cycle analysis. Enjoy! #gold $gld #fintwit
News is noise. Follow price action. Bonds up.. bonds down.. real yields up, real yields down. Silver? Doesn't always seem appraent on smaller time frames. Lots of moving parts. If you are always looking for perfect correlation, you'll be spun right round! #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Even the commitment of traders as filtered by linebreak price action, looks similar to 2010 take off. November looking like a great place for silver to move up the ladder to 31$. #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
This is a linebreak chart. Like renko and point and figure, removes "time noise". You get to see price action only, with clearer trends. Setup is VERY similar to 2010 on many regards. Look at 50 and 200 period moving averages. Distance from the 50 overshot in 2020, but also corrected more. Might correct more, but the 2020 distance from it's 50 period moving...
I stumbled on this chart a while back... Silver's log chart looks eerily to gold vs US equities (DJIA or SPX). Silver's breakout above 20 seems to be front running this ratio. Pieces of the precious metals bull era puzzle fitting nicely into place. HANG ON TIGHT! #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
Gold is completing pullback versus spx. This tells you the long term trend will now favor gold vs spx. Remember, ratio can go up with a mix of gold up or down and spx up or down. But it does tell you gold WILL out perform spx (US equities)... So tell me why you should go long US equities instead of gold? Doesn't make sense to me. #patience #gold #silver $slv $gld...
Not really.. but since March Madness 2020, when extreme low's in contango (or premium) for the "next contract in front" over spot... helped spot rallies on the 4 hour chart. Whether this signifies an important bottom or not is not always the case... just a traders possible bottom picking tool! Maybe this could cascade on higher time frames... time will tell. ...