RetnaNicharee

RetnaNicharee Updated 

Daily divergence and extremely overbought. Looking for pullback to 1700s or CRASH!

RetnaNicharee Updated 

SILJ often charts the best of all the metals and miners. It now looks like we have confirmation that the low back on September 24 was THE low, and we have a i-ii setup in place and we’re in wave iii of a potentially huge rally to higher highs. Again, a break of the yellow downtrend line would be a warning sign that we’re not done on the downside. Otherwise, all...

RetnaNicharee Updated 

The elections proved what we already knew. Trump’s re-election would be good for the dollar, at least in the short-term, whereas a Biden win is distinctively negative. Why? More stimulus is great for stocks, precious metals—everything except the dollar. Both Trump and Biden planned to massively increase spending, but Biden is expected to spend so much more than...

RetnaNicharee

DAILY ASIA-PAC OPENING NEWS CORONAVIRUS UPDATE US COVID cases +186,215 (prev. +174,387) and deaths +1,532 (prev. +1,118). (Newswires) US President Trump said he expects news very shortly on other vaccines and that he would use the defense production act if needed for vaccine distribution to Americans, while hopes the FDA will authorize Pfizer (PFE) vaccine...

RetnaNicharee Updated 

Rather than go through the various reasons why I believed a low was close, below are some of the comment I posted over the past week: "New Stimulus pending, 'December' started, while Gold and Silver near multi-month lows, extreme oversold, sentiment in the toilet, physical scarcity rising. Risk/reward is pretty obvious down here imho." "The Banks monitor the...

RetnaNicharee

Already in Bullish area, the risk-reward is heavily skewed to the upside. Potential target 1.5 ~ 2.15

RetnaNicharee

BTC tags my primary target of 17000. I'm waiting for exhaustion on the downside followed by a break of resistance 17667 to signal the bottom is in place. I won't be trying to catch a falling knife but if we do take out 17667 with confirmation above 19000, then I'm only looking up again.

RetnaNicharee Updated 

FUNDAMENTALS President-Elect Biden, as the media have crowned him, is still not officially the president ‘yet’. Uncertainty remains, which markets detest. The likelihood of new fiscal stimulus is remote until certainty is restored and the official result is confirmed. Even when we do get new fiscal stimulus, its size could be determined by whether or not the...

RetnaNicharee Updated 

Gold began rising in earnest on October 30, which coincided with the bottom in stocks and the peak in the dollar. It ignored the rise in bond yields that began two days earlier. It proceeded to break out of its bull flag on November 5 and spiked higher in the process. Then on the evening of November 8, Gold dumped back below the former resistance line and set a...

RetnaNicharee

POHKONG has broken and closed above its trendline and now needs to either shoot higher or consolidate its position above there before soaring. A break back below the trendline would suggest a fake breakout, but until then, like Gold , the bulls are in charge.

RetnaNicharee

GDX has broken and closed above its trendline and now needs to either shoot higher or consolidate its position above there before soaring. A break back below the trendline would suggest a fake breakout, but until then, like Gold, the bulls are in charge.

RetnaNicharee

The elections proved what we already knew. Trump’s re-election would be good for the dollar, at least in the short-term, whereas a Biden win is distinctively negative. Why? More stimulus is great for stocks, precious metals—everything except the dollar. Both Trump and Biden planned to massively increase spending, but Biden is expected to spend so much more than...

RetnaNicharee Updated 

Although this news is already a week old, it is critical in that it confirms what I and many others have expected: Fiscal and monetary stimulus on steroids is coming, and it’ll be GLOBAL. The IMF released a video last week in which its Managing Director, Kristalina Georgieva (‘KG’), calls for a “A New Bretton Woods Moment” and a “Global Monetary Renegotiation.”...

RetnaNicharee Updated 

GOLD Gold has found at least a short-term double bottom at 59.44 (1851). It has since bounced to 62.26 (1935). Yet no major resistance has been broken, and therefore today I am going to focus on the parameters to signal whether the bottom is in or lower lows are ahead. So far, Gold is rebounding in a corrective fashion, in 3 waves up: abc. The two resistance...

RetnaNicharee Updated 

TIPS Real yields and interest rates are near perfectly negatively correlated to Gold, Silver, and the miners. Therefore, the prices for Treasury Inflation Protected Securities (TIPS), which are the inverse of real rates, are near perfectly correlated to precious metals and miners: TIPS fall, Gold falls, and vice versa. TIPS had been falling in corrective fashion...