XAGAUD - Silver, the bulls are back
Hey guys welcome back. This week we will be looking at silver. If your liking the charts so far show some support and give me a follow. Likes and comments are also appreciated.
Currently I have SilverAUD as a long. The reasoning? well call me crazy but last I checked inflation was running ramped. Although it has not hit the market as of yet due to the distribution of this freshly printed fiat pouring into certain assets cough* "The property market". Now with that said silver and gold has never looked more appealing. Why, because you can't print metals. This idea is Australians will look to shelter their money into another assets once a certain market started to pull back. Ta wise Silver is looking extremely bullish, as depicted on the chart. My current count has us at wave three, with wave four completing.
If you would like to request a chart for me to look at comment them below!
If you want to learn more about market cycles, Elliot wave or company investing check out the books below! Use my link and support me directly!
amazon.com.au/gp/product/1616040815/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=1616040815&linkCode=as2&tag=davidred-22&linkId=4e3afff1d6f9df3389dcf4b7458b6512
amazon.com.au/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=0060555661&linkCode=as2&tag=davidred-22&linkId=ce388a6a5ea3869cf0f7dd6ee0d326e8
Currently I have SilverAUD as a long. The reasoning? well call me crazy but last I checked inflation was running ramped. Although it has not hit the market as of yet due to the distribution of this freshly printed fiat pouring into certain assets cough* "The property market". Now with that said silver and gold has never looked more appealing. Why, because you can't print metals. This idea is Australians will look to shelter their money into another assets once a certain market started to pull back. Ta wise Silver is looking extremely bullish, as depicted on the chart. My current count has us at wave three, with wave four completing.
If you would like to request a chart for me to look at comment them below!
If you want to learn more about market cycles, Elliot wave or company investing check out the books below! Use my link and support me directly!
amazon.com.au/gp/product/1616040815/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=1616040815&linkCode=as2&tag=davidred-22&linkId=4e3afff1d6f9df3389dcf4b7458b6512
amazon.com.au/gp/product/0060555661/ref=as_li_tl?ie=UTF8&camp=247&creative=1211&creativeASIN=0060555661&linkCode=as2&tag=davidred-22&linkId=ce388a6a5ea3869cf0f7dd6ee0d326e8
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