Hi guys, Crazy week in the precious metals market and the FED crashed the whole market into oblivion. Luckily we were on the right side this time as a bearish correction was more than likely, however I did not expect a move below 1800. We closed the week a couple dollars below the 61.8 fibo support line at 1768, so this is concerning (it might just be a SL-hunt...
Palladium is currently taking a dive, and something similar is happening with Gold and Silver right now. The news is likely fueling this and the decline could be short-lived. In April of this year, price had broken out and created a new record high at $3017, hitting the $3000 round number. This psychological level of resistance created an obstacle for price and...
Gold broke out of it is up channel. However, it is still in the bull regression channel. If it can hold support in the current price level, it may be ready for a big bounce. Otherwise, it will fall down to the next major support line.
we expecting this drop and it happen today! hit our buy zone area , we got in aggressive around $1805-1810 with some light buy at 1820s! we expect a bounce however we may have another drop to $1750s
#Silver and #Gold will begin their next leg up in the near future. There's a possibility that this is that last time you'll be able to buy silver below $30 an Ounce! I'm making this more as a warning because FOMO sucks.. Metals may only go up and sideways during our lifetimes... Silver and Gold are used as conductive components for computer chips, and...
Gold was falling as real yields were going up, but now that that trend has reversed gold is looking better. Gold has successfully broken and retested many key levels + several important moving averages and pivots. In the past I thought 1680 would break even just in the short term and it is still a possibility, but looks less likely at the moment. Currently Gold...
Absolute beatdown after IPO. OBV showing a change of character and putting in some serious LT support. Wouldn't be shocked by a quick breakdown thru support at some point then a giant reversal (bear trap). I am long as of today 6/10/21 Good luck.
Shows the ratio of gold to bond yields, some symmetry seems to suggest that there could be a break out his sunner,
Shows the ratio of gold to bond yields, some symmetry seems to suggest that there could be a break out his sunner,
Shows the ratio of gold to bond yields, some symmetry seems to suggest that there could be a break out his sunner,
Shows the ratio of gold to bond yields, some symmetry seems to suggest that there could be a break out his sunner,
This is my new favorite custom PMs vs cryptos chart method. It adds together gold and silver multiplying the latter by the gold:silver ratio so they are on equal terms, and similarly with bitcoin and etherium, with eth multiplied by the current btc to eth ratio. The chart is looking to complete a cup-and-handle formation, which would be bullish for precious...
The US10Y is breaking down below support levels. This will give Gold's push higher extra impetus. Look for Gold and Silver to break higher as they have range bound recently. 1925, 1960 and eventually above 2000 for Gold. All silver needs is $30 and we will see fireworks. Look to the Miners for Explosive Moves. Enjoy the weeks coming.
Gold forming a rising channel Support trend is to buy opportunities Top of the trend if taking profit or looking for a short. Gold is looking to test new ATH as fundamentals push it higher.
it appears that uranium currently outperforms gold and silver.
The 10-year UST (nominal) yields seems to have broken on the downside, despite slightly. If this movement were to continue, then the main winners would be : - US government bonds: over the short term only. - Precious metals and stocks in this same sector, which react positively to real yield drops. Indeed, like nominal yields, real 10-year yields dropped from...