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XAG Showing Promise Into New Week Of Silver TradingSilver Overview Silver broke north as depicted in my previous silver post to close for the week at the 16.6 level which sees the major swing low. A level reflected before the drop a lot of markets encountered in March 2020. This is to be acknowledged, as the Bulls need to contend with these prior price points. The bears will be defensive preventing the bulls to execute freely for more northerly P action. Area of Interest Support Zone 1 may come into play at market open on Monday and price action on the lower timeframes may slither along the trend line depicted on the daily charts. If the Bulls open at current levels and push higher closing positive on the daily then XAG will position itself well to potentially rise to $17 -17.5. P action will be contenting with the prior price points from Aug 2019 in that case. A break of support 1 may see the bears drive the price back to support zone 2 above the prior consolidation that started since the April. (See Below Support & Resistance zones for more info) Overall Silver has had a strong week and lets see if it can continue the run and momentum to the upside this week. 📈Support & Resistance📉* Support Levels 1st Support Zone: 16.48079 2nd Support Zone: 15.85826 3rd Support Zone: 15.54766 Resistance Levels: 1st Resistance Zone: 16.83701 2nd Resistance Zone: 17.20388 3rd Resistance Zone: 17.48440 Price Level Consideration All Time High Half Way Point: 960.480 Prominent High: 18.94754 Prominent Low: 11.60858 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 17.63366 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open: 14.96137 Weekly Open: 15.46634 (Monday open will change this)
OANDA:XAGUSD
by LandenInternational
Gold Price Will Continue Bullish To 1625.25As you can see on the chart, it is about time the bear trader losing its power and momentum. No more chinese gold selling. It is time for more demand for the sentiment which is trader eager to purchase more with the expensive amount. Gold mining activities shows clearly on the demand to dig dig and dig more gold while the production gold line is right now i heard busy to produce more gold bar in the market. Apparently, the supply of gold is not much right now and it is limited from days to days production compare to the demand of the world. Political uncertainty and late cycle concern will likely support investment demand for bullion as a DEFENSIVE ASSET. Everything that you do on bullion, just BUY and BUY and BUY. Sooner or later, fiat currencies in the world will collapse with 0 value and this is what is happening to EU and people will need a stable currencies with the value that cant be printed or manipulated in gold. This is why the debate as bitcoin cryptocurrencies as a safe heaven asset is not really practical. For me, bitcoin is just like the same of the fiat currencies which is non-physical and digital. For the longer-term future that wanting the bitcoin to be the safe heaven in the world will be likely to be manipulated in digital terms. It is about time to purchase the gold and it is around the corner by this week to buy on the breakout. While other trader right now already buying gold in spot currencies as price of the gold will never turning back at the moment to the lower key level on 1400.00 anymore. All the major political highlight now with the trade war, hongkong protester and coronavirus are just the indicator fundamentally which the gold will rallies. This is the catalyzer. Anything happen in the world on the news, will only make the gold stronger because poeple will buy and buy gold and the demand strengthen. Who ever elected beside the Trump on this presidential election will only support the gold to rise and will not ever decrease its value. I am seeking the gold will be higher towards this key level 1625.25. By Zezu Zaza
OANDA:XAUUSDLong
by Zezu_Zaza
Gold (+Silver)Impending boom, buy gold! How many times have you heard that this week or over the last couple of months? If we look at the technical price chart and remove as many fundamental biases as possible, we begin to see that gold is currently trading in a trap zone (a level between the 0.382 and 0.618 fibo). As of today, the weekly candle is bouncing off of the 0.618 level that was formed between 2011 and 2016! If I was a large player in long gold contracts I would strongly think about unloading them for some USD right now. Heck, I probably would have unloaded them by now. What if price keeps going higher, you say? I'd buy the breakout of the all-time high, but not sooner. That's $1,900+. Since silver is kind of related to gold we can also look at that market for clues. As you can see, silver has completely underperformed gold, but it's by no means a bullish case for silver. Actually, silver is currently stuck below the 0.11 fibo that was created after the silver bubble of 2011-2013 popped. Unless it gets over this level, there's no chance silver is going to turn bullish. If it does, it will be a good opportunity to sneak in a long trade (better than a gold trade) since a cross of the 0.11 fibo (around $18) could take silver to the 0.382 fibo (around $28). That would be a nice 50%+ trade! PS. If you found this idea useful/interesting be sure to follow me on Twitter where I post more frequently. You can find the link on my TV profile page.
FX_IDC:XAUUSDShort
by Trader6127
Palladium, where is entrance?Is Palladium now good for trading or is he a good investment? There are many reasons to put some precious metals in an investment portfolio, as well as to trade them in a shorter time. Speaking about Palladium it is anticipated that supplies will be tight in years ahead, while at the same time, growth in industrial usage is expected. This tight supply and increased demand suggest stronger prices than alternative metals. I prefer to hold metals in my investing portfolio. My investing portfolio has three pillars: Bullions, ETFs, REIT ( for more you can DM me) In terms of trading, let see will the price break the blue line or not and then place the trade
TVC:PALLADIUM
by DejanDjekic
Gold. Will We Touch Previous All Time Highs?!Hey guys. Ill keep it short as always. I have a feeling this gold rally is just getting started... There has been talk of an upcoming global recession and negative interest rates are becoming a regular. Negative rates are also negatively correlated with the price of gold which is bullish for bullion. We will probably see allot of speculative buying because of the listed reasons... this should propel gold to previous all-time highs
TVC:GOLDLong
by Augustus_Lee7
1
Big River Gold BRV:ASXBig River Gold is a Gold Mining and Exploration Company. I believe Big River Gold has mid term and long term potential. Currently Big River Gold is trading at 1.8 cents, however it can even cross 30 to 40 cents in near future. Key Highlights: Big River Gold owns Borborema Gold mine located in Brazil. Borborema has 2.4 million ounces of Gold with mix of high grades and low grades at depth. Borborema's DFS is in progress and will be announced in Q4 2019. Big River Gold has received offers from local Brazilian Banks to finance construction for Borborema Gold mine. Currently under negotiation. Borborema's Construction will start at the beginning of 2020 and will be completed in 8-9 months period as it is going to be simple plant. Gold production will be started at the end of 2020. BRV's target is to mine 100,000 oz gold per year and approximately $200 million AUD profit per year. 75% BRV shares held by insiders and only 25% shares held by General Public. BRV has 11 years of license for Borborema. BRV sold high grade Juruena Gold mine to Meteoric Resources MEI:ASX. BRV recieved cash from MEI and 50 million shares at price of 1 cents per share which worth now 6.5 cents per share. CEO of BRV bought more shares on Market 3 times in last 2 months. Gold mining will be done by open pit method which will reduce cost and will bring more profit. Currently BRV has no debt and owns two Huge lithium mines which haven't been explored yet.
BLong
by StarX
6
GOLDSILVER med term swing strategy and possible resistanceHello, Thanks for viewing. This is a combined post (slash essay); 1. Trading the valuation oscillation between silver and gold for profit / accumulation, and 2. Possible signs of resistance on gold stretching its relative valuation on silver. Some of it will probably mirror well-established strategies, re-state some more obvious aspects, but hopefully, may be of value. 1. I am a relatively new entrant to the market, this is how I intend to weight my purchase of precious metals; Above gold-silver ratio (GSR) of 80 to buy exclusively silver / sell gold and to reverse the trade below a GSR of 45. Based on this chart there would have been a number of entry and exit points over the past 21 years. Each would have allowed for profit and or to accumulate additional precious metals. So right now, I am weighting my purchases very heavily in favour of silver (the only reason why I am still buying any gold is for peripheral reasons such as receiving favourable terms on gold at the moment, high liquidity, and ease of transport). If I had access to a physical market with greater liquidity, more favourable terms, and had zero concerns about possibly picking up and moving at short notice, I would be buying 100% silver. Some trades using this strategy may result in a financial loss e.g. if both gold and silver drop further in price (until at a GSR of below 45) - but silver is nearer its base-line and doesn't dip as far in % terms I may sell silver for a $ loss in order to purchase a larger quantity of gold vs the quantity available for the equivalent $ value as when I purchased my silver. I am relatively comfortable that silver is near / very near its bottom - in the majority of US mines it is already produced below the minimum sustaining cost (of course this does not mean that the price cannot decline further). Due to the local physical bullion market (buy price well above spot price and unfavourable buy-back terms) for silver being unattractive in my current location I am buying silver elsewhere using bullionstar.com in Singapore as it allows small purchases (1 gram minimum) very low premiums (7.56%) on certain items, and reasonable buy back terms (current spread 5%). If they prove to be a reliable partner, it will also solve any storage and security issues as they offer vault storage for low fees (the % fees are low BUT the min daily storage fee means that your charges are higher in % terms (than their quoted % rate) until you hold around SGD36,000 of siver or SGD77,000 of gold). When gold drops below a GSR 45 I will be able to trade back to dollars, or more likely convert into gold. What will I get for my troubles (minus storage fees and spreads) in 2 to 5 years? Around twice the amount of physical gold bullion that I could get for my money now. One more swing of the pendulum and I could expect around 4x the amount originally invested back in silver. Rinse and repeat. Yes, physical metals are not dividend or interest bearing - but they are profit generating while being an effective inflation / fiat devaluation hedge (as seen in Argentina, Turkey, and Venezuela recently). While deflation seems more likely than inflation recently as the world struggles to stoke inflation I certainly feel better in times of uncertainty with silver, gold, and bitcoin as part of a diversified portfolio. 2. The GSR currently seems on the high side. Historically, relative values tend not to remain above 90 for long periods. I expect 90 - 91 (wave 1 and wave (i) 1.618 extensions) to offer resistance against further rises based on wave extensions, and failing those, 93 is a feasible end-point (Wave (1) 1.618 extension). There is reasonably strong bearish divergence shown on the RSI and I would be looking for higher highs to display as lower highs on the RSI after one more touch of the short-term trend-line. Hopefully, I have presented a plausible EW count for the present move. Thanks for viewing
GShort
by flyinkiwi10
1
THE SHARP SILVER STILL STANDING STILL :} how?The finest industrial metal of the world refusing to give up its value on the daily chart. With the growing demands of material goods, made out of industries in this digital saga: It is used for jewellery and silver tableware, where appearance is important. Silver is used to make mirrors, as it is the best reflector of visible light known, although it does tarnish with time. It is also used in dental alloys, solder and brazing alloys, electrical contacts and batteries. Entry on every support terrain wont need vaccination later for this future gold class asset.
TVC:SILVERLong
by TheSouthernRock
GOLD vs PLATINUMHi everyone, Just to share some thoughts. The World Platinum Investment Council has reduced its surplus supply forecast by close to 50% for 2019 due to investment demand. Bear in mind that it is still in surplus, so I don't imagine that the bottom is in yet. Platinum outperforms gold in good times and bad. Since 2003 Platinum significantly out-performed gold (smaller market than gold) but was more heavily impacted by forecast reductions in industrial demand. So I think looking forward it would be safe to say that Platinum is primarily driven by industrial demand while gold is primarily investment driven. So platinum reached its ATH (higher than gold ATH) in 2008 vs gold in 2011. It has out-performed gold on the downside too. I am starting to be quite interested in Platinum, however, think that there is lower to go because: - Industrial demand hasn't picked up (but seems to actually be dropping), - US PMI is way down, - global economic outlook has been reduced by the IMF (outlooks are generally gloomy - we have seen how Platinum reacts in a recession. If 2020 is a recession like a lot of people are pointing to, it would be very difficult to be bullish on Platinum), - Global outlook for motor vehicle sales is down - Platinum is commonly used as a catalytic converter of pollutants in car exhausts. - It hasn't yet met made a 1:1 extension of wave (A) or normal extension of wave C down (I think wave C is about 75% complete with a possible dip to sub-$500), - Any break below $760 territory would point to further correction of Platinum, - Supply is likely to be increased if the price picks up either by processing mining stockpiles, expansion of operations, or by increasing recycling as the prices pick up (presently recycling is down - likely waiting for higher prices), - Given recent US politicians' seemingly anti-environmental stance - the requirement for Catalytic converters could foreseeably be repealed by imperial decree (like the need of coal mines not to dump tailings into waterways) - this could cause a significant reduction in demand for Rhodium, Platinum, and Palladium. This said, presently 90% of cars produced globally have a catalytic converter fitted and the rest of the world would be expected to retain or strengthen limits on exhaust emissions so it would erode export demand for US vehicles, - There is far more interest in electrical, or alternative fuel vehicles which points to long-term pressure on automotive industrial demand. So is it all doom and gloom? An important sign to watch for is for any progress in research on Platinum as a catalyst for the refining and conversion of exhaust of gasoline / petrol. Also, if gold continues its bullish sentiment, this will likely cause upward momentum on Platinum from first investors, and later, from industrial sources (that have to buy). So is there and easy way to buy physical Platinum or is an ETF easier? I would buy physical platinum via bullionstar.com (I am not an affiliate) in Singapore rather than an ETF. The premiums and spreads can be quite low: its Bullion Savings Program Platinum offering (today) presently 3.64% over spot price and 3.51% over buy-back price and vault storage fees are low and the physical metal can be withdrawn or just purchased in their shop. My concern with ETFs (the way most people invest in metals) is that ETFs sell far more "shares" in physical metal than they hold and if the price spikes significantly they will likely be closed and neither be able to pay you back or to send you physical metal. When the price spikes it is very difficult to actually get your hands on the physical metal. Long story short, I will likely be a buyer around $550 and below. Thanks for viewing
TVC:GOLD
by flyinkiwi10
1