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GOLD-SILVER
Silver & Gold big move up incoming... maybe even some todayI think the 1-2 1-2 setup here in Silver & Gold is reasonably probable to trade and is quite bullish. Inflation tends to agree, as do many analysts.
The very short term setup has a 1-2 as well, at least in gold. It looks to me be very solid agreement at this very moment in time to be entering the 3rd wave across multiple degrees.
The market also just took a massive stab lower and has now reversed it in about the same amount of time, and this can often signal a reversal... in this case metals have been chilling for a few days, hopefully the chill is over.
Bought some $30 February calls, now we see what happens!
USDOLLAR: DESCENDING BROADENING WEDGE, BULLISH BIAS ON DOLLAR?Hello Enthusiast Forex Traders! Here's long-term outlook for USDOLLAR, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
USDOLLAR formed a trendline false break on daily timeframe. Afterwards, USDOLLAR is forming the descending broadening wedge pattern. We're looking for a breakout of the descending broadening wedge pattern to validate the bullish bias. The MACD starts crossing upward above the zero area, it signify a probability of potential breakout in the near future.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
AUDUSD:BREAKOUT PATTERN, SMOOTH BULLISH BREAKOUT OR FALSE BREAK?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDUSD , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
AUDUSD is breaking out of the descending broadening wedge pattern. The price action indicates a potental bullish bias ahead to the target area. The MACD crossed above the zero area, it signify the potential bullish trend ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
Money rotating from cryptos to precious metals gold and silverWith rising inflation the price of anything is not likely to go down, especially inflation hedges like cryptos or precious metals. The question for the savvy investor, though, is which will increase faster by percentage? To help navigate this, I created this custom Precious Metals to Cryptos chart, with gold and silver representing PMs at their respective rations, and likewise with Bitcoin BTC and Ethereum ETH.
As you can see we are in a falling wedge here. Usually such formations break to the upside (bullish for PMs), however it may be a bit soon for such a break (bullish for cryptos). I almost posted yesterday before this huge spike up because it was looking like the beginnings of a bottoming formation (bullish for PMs). However the price ratio failed to break the downward momentum (bullish for cryptos?).
Obviously things have been great for cryptos for a long time. It could continue, but past performance doesn't predict future results. If they did, then cryptos never would have outperformed gold in the first place. So when this all will change is anyone's guess. What I see however is the beginnings of a small but significant reverse head-and-sholders (bullish for metals). This is on top of my other charts pointing toward Q1 2022 looking very bullish for PMs. However there is some time to kill before Q1, so it could be worth it to stay more in cryptos in the meantime.
Of course, cryptos and sell off quick, sometimes before you're ready.
Do not come to the elves for counsel, for they will say both yes and no. That's me.
And what I do, is trade between metals and cryptos directly with the Kinesis platform so I never get caught holding the wrong kind of bag. Check it out here: kms.kinesis.money
Good luck out there, this is not financial advice, but stay safe (perhaps by diversifying) ;)
DXY - ForecastExpecting USD strength to continue therefor i am treating any USD downside as a pullback.
Monthly / Weekly / Daily / 4H Timeframes are all bullish
Looking for an ABC correction down to the most recent structure, fib & trend line to continue the up trend
Are the Fed behind the curve? Gold/silver pairs idea could workWith many debating if the Fed (and other central banks) are behind the curve, precious metals are finding good flow and hedging activity. As we know, in a truly bullish environment for gold, silver, platinum and palladium, if the market sees the Fed as dangerously behind the curve, and not taking notice of the ever deeper negative real rates, the hedge is precious metals.
Silver, as the high beta brother, tends to outperform in this backdrop.... which makes the idea of this pair quite the macro trade.
If the ratio closes below 72.77 - the neckline of head and shoulder of the ratio - then we'd look for the technical target of 66 to come into play over a period - where trading the two metals - i.e. short of gold/long of silver - could work well.
As we watch breakevens rates and US 5y5y inflation swaps, if US real rates continue to head into record lows silver should outperform gold and this is a great trade idea, as well as a macro guide too.
The best way to express this is to start with a USD notional value - say $50k, and divide this by the price of gold and silver. This will give the position size for both legs, so one does not have a directional bias. One can then beta weight it, but that can be more complicated.
looks like rejectionto me, this looks very bearish. Rising bearish wedge rejection with a spinning top bear candle to close the day.
If you go back to 2018, you can draw a pivot line, or important level that also played a part in the rejection.
Gold MineGood profit since yesterday. More trade ideas, where to trade from, how much we have made today etc.
XAU/USD GOLD Playing out Massive 10 Year Cup and Handle! The gold chart is setting up a beautiful cup and handle since 2011. The target is around $3700 for the measured move of the cup but I dont think it will stop there, I think it will probably continue to run up for years. Indicators on the monthly are about to tear upward in a big move. Gold luck and happy trading. Thank you for checking out my charts and if you have a chart you want me to analyze then let me know. Not financial advice, just what Im doing.
XAUUSD 1D TF : 11.Nov.2021The price finally managed to break the 1835$ resistance ! With the announcement of statistics and news , the price increased by more than 400 pips and is currently trading in the 1860$ price range . In order to continue the upward trend, we have to wait for the stabilization above the $ 1835 level ...
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 11.Nov.2021
⚠️(DYOR)
EURJPY: BREAKOUT FALLING WEDGE, BULLISH BIAS AHEAD?Hello Enthusiast Forex Traders! Here's long-term outlook for EURJPY , Please give us the thumbs up and support the channel by Smashing the FOLLOW button :)
EURJPY is breaking out of the falling wedge pattern.The price action indicates a potental bullish bias ahead to the target area. The MACD crossed above the zero area, it signify the potential bullish trend ahead.
The roadmap will be invalid after exceeding the support/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the forex pairs.
precious metals to finally make a moveBoomers finally catching onto the inflation news through their internet explorer. Wouldn't underestimate the power of boomer money.
Precious Metal in playI have been waiting for this setup to develop for a while now. Today gold is breaking above its October high. It is at the same time challenging its weekly downtrend line dating back to April 2020. With persistent inflationary pressures we already saw the energy sector being the best performing sector in October. Big money is flowing in these sectors and precious metals could be the next one.
Today it certainly looks this way. I like Silver for its extra leverage and industrial utility over gold so I showcase Silvercorp Metal (SVM) is poised to breakout.
Note that SVM has a lot of exposure to China so you need to consider this in your thesis. For me it is a double bonus as a lot of the fear surrounding China has already been discounted in my opinion.
Technically we have a very nice head & shoulder bottom with a target in the $6.50 area and Fibonnaci extension between 6.05 & 6.63. I think $6.50 should be a minimum target. With a $0.30 stop from here and $1+ target from here, a 4:1 win loss ratio is very appealing to me.
Assuming we do breakout from here within the next few days, we should see this target by the end of January 2022
Finally earning just came in so that potential adverse reaction is out of the way, paving the road for the next 91 days free of that obstacle. With disappointing earnings and such a strong positive reaction means the street isn’t bothered at all by the short coming of the actual result of Q $0.06A vs $0.10E
I like my odds here!
GOLD: bullish impulse And so, GOLD, like the entire market, expects NFP. Today, it is very difficult to take a certain side (buyers / sellers). It is necessary to wait for the news data and see how the market will react to them. In general, the bullish momentum may develop further after breaking the 1806 level.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
November 2021 Market Update: Where Are We Headed?It's been a while since I have made any public posts on the markets, so I thought I would share my outlook.
A lot of people are focusing on inflation, which is a reality. Though, many are forgetting the deflationary spikes and liquidity issues that come as things charge higher.
I think in the Ultra Macro we are in a 1926 or 2006 type situation. Everything is charging higher with gold and silver dead silent.
I really believe metals are going to push higher and never go back to old prices, and that's exactly when the Fed, Commercial banks, and those in power will panic and crush the markets just to pick up the pieces for pennies on the dollar.
This video is long winded, and I still feel like I didn't completely make my points clearly. If you have any questions on my outlook, please leave a comment below!
Karora Resources nudging up to the highsVox Royalty delivered great Q3 results today, thanks in part to the Karora Resources operations.
TORONTO, CANADA – November 2, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”), a high growth precious metals focused royalty company, is pleased to announce that it has realized preliminary quarterly royalty revenue of C$1,558,800 (US$1,223,400)(1) for the three-month period ended September 30, 2021.
Quarterly revenue benefitted from record royalty-linked gold production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret and Mousehollow deposits at Higginsville covered by the Dry Creek royalty and record royalty-linked iron ore production volumes by Mineral Resources Limited (ASX: MIN) at Koolyanobbing, and consistent royalty revenues from each of the Company’s Janet Ivy gold royalty and Brauna diamond royalty. Royalty revenues relative to Q2 2021 were in line in spite of a significant reduction in realised iron ore pricing at Koolyanobbing.
From www.karoraresources.com
HIGGINSVILLE GOLD OPERATIONS OVERVIEW
Owned and operated by Karora Resources since June 10, 2019, the Higginsville Gold Operations ("HGO") is located approximately 75km south of the Beta Hunt Mine in Higginsville, Western Australia.
The operation includes a 1.4Mtpa processing plant, 192 mining tenements including the Baloo, Pioneer, Fairplay North, Mitchell, Wills, Challenge, and Mount Henry deposits.
HISTORY
Avoca Resources Limited (Avoca) initially purchased the Higginsville exploration assets from Gold Fields in June 2004. The Trident underground deposit, historically the largest deposit at HGO, was discovered by Avoca in 2004 with mining commencing at the deposit in 2007. In April 2007 Avoca raised A$125 million to commission a new process plant facility at Higginsville. In that same year, Avoca purchased the neighboring Chalice deposit from Chalice Gold Mines Limited. Gold production began in 2008 with the first gold pour on July 1, 2008.
Alacer Gold Corporation, a wholly-owned subsidiary of Alacer Gold a company incorporated in Canada, acquired HGO after it merged with Avoca Resources Limited (Avoca) in 2011.
On October 29, 2013, Alacer Gold Corporations completed the sale of its Australian Business Unit, which included HGO and its assets, to Westgold Resources Pty Ltd who was a wholly-owned subsidiary of Metals X Ltd at that time.
In July 2015 Metals X acquired the Mt Henry Gold Project from Panoramic Resources Ltd and Matsa Resources Limited.
On December 1, 2016, Westgold Resources Limited demerged from Metals X Ltd. Avoca remained a subsidiary of Westgold Resources Limited and was part of the resultant demerger.
Karora Resources acquired HGO outright on June 10, 2019, from Westgold Resources Limited.
GEOLOGY
Higginsville is located almost entirely within the well-mineralized Archean Kalgoorlie Terrane, between the gold mining centers of Norseman and Saint Ives. The Archaean stratigraphy has a general northward trend comprising multiply deformed ultramafic – gabbro – basalt successions adjoined by sediments to the west and east. Shearing and faulted contacts are common. The units have been structurally repeated by east over west thrust faulting.
The majority of gold mineralization projects along the Trident line-of-lode and is hosted by Poseidon Gabbro and high MgO dyke complexes. Mineralization is hosted within or marginal to quartz veining and is structurally and lithologically controlled. Higginsville is also host to significant palaeo channel mineralization. Mineralized zones comprise both placer gold, normally near the base of the channel-fill sequences, and chemically-precipitated secondary gold within the channel-fill materials and underlying saprolite. These gold concentrations commonly overlie or are adjacent to, primary mineralized zones within Archaean bedrock.
MINING
Currently, Karora is mining from two open pits at Higginsville: the Baloo and Fairplay North open-pit mines.
MILLING
Processing is conducted through Karora Resources' Higginsville processing plant.
Is the SNP500 ready for another correction?I firmly believe that we should soon see a correction deeper than the one we recently had which began at the start of September.
The chart suggests that after finally breaking out of the bear wedge; which began at the start of the lows of the correction in March 2020, we are now witnessing what looks like to be a retest of that bear wedge.
With the addition of negative weekly RSI divergence this should see some firm movement downwards, below the low recorded in the first week of October.
Hard to see the market giving way to such a huge drop, but the market carrier Tesla is due a correction after extreme growth in the recent weeks.
4hr VIX BowlHere's a potential path ahead for the VIX indicator in the shape of the handle on a cup which began being built back in early May 21' (as shown in the graph below.
$SPX overbought with a strong negative RSI divergence.
My intial target is the 24 - 26.5 range, but if it were to break out I might reassess.
$gold - $silver ratio BT waistline of yuge megaphone, down!Huge make a phone there with gold silver ratio currently back testing it’s waist line which is also the waistline of a channel that is evident on the six monthly candles
If you go to my Twitter then you can see the zoom in the spot where it shows a wedge at that area last in the last several months that is likely to be a very bearish continuation
Dxy Is added as a factor to adjust for currency fluctuationsWe typically cleans up the signal on relevant assets
Great Entry Point for $SVE / $SLVRFSilver One is a very bullish play at this particular time **NOV-21
Multiple headline exploration news aimed towards year end for the Rich Gold / Silver - Copper Cherokee project.
Surface sampling along the Cherokee vein system has returned multiple select surface samples in the 100's g/t silver range, with highs of 954 g/t silver and 4.8% copper at Cherokee, and 1,163 g/t silver and 4.3% copper with strongly elevated gold on the Southeast Cherokee vein (Figure 1 and August 6, 2020 and July 19, 2018 Company news releases).
Silver One Resources is a very leveraged Silver play, the expected returns of this Junior in relation to Silver are as follows:
$22 Silver -> ~0.35
$24 Silver -> ~0.50
$28 Silver -> ~0.80
$35 Silver -> ~1.40
$45 Silver -> ~3.50
$70 Silver -> ~6.00-7.00
Gold Looking Similar To 2010-2013We see 2 pretty identical patterns that have played out. I wonder if Gold is in for a correction in the next couple months. What do you guys think?
