Gold/Silver Ratio breaking out from falling resistance. This signals change in the trend for risk appetite in metals if it holds, as gold outperforms silver in this regime. $GLD $SLV
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Thanks for viewing. Following because of USD holdings and USD denominated assets - including assets negatively correlated to the USD - like gold. USD held as a hedge against weaker local currency and against gold positions. Whatever your personal belief on Elliot Wave, I am not imagining a very clear 5 waves down (labelled (i) to (v), since the march 2020 high....
The Adam and Eve Bottoming Structure Could send Barrick Gold Into ATH... Q4 is Quite Bullish and Interesting time for GOLD, Silver and Cryptocurrencies. Bitcoin has recently decoupling from traditional markets and if this trend continues the masses could swarm into such assets during the next traditional market flash crash.
Bought shares at 0,20 € via Bank directly. Was a pleasure being copied in advance.
We have strong daily bullish divergence on the daily chart getting ready to play out. The higher the number, the more silver it takes to buy gold. In a downtrend, Silver would lose more (percentage wise) than Gold. I still expect 134 to get hit at some point (perhaps early next year). This is based on the mammoth head and shoulders formation on the monthly chart...
The dollar is bouncing off its March trend and will soon need to break below its consolidation trend. The fall could be significant. Buy gold...
Miners have bottomed for the quarter and have already started their next leg up
Gold and Silver in orange, stock market in blue. When looking at the performance of precious metals compared to the S&P500, we come to a surprising conclusion. Gold and Silver are worse at protecting your wealth than the stock market. In my search for an asset that can protect you from inflation and general economic turmoil this is the unfortunate conclusion...
Seems like it will pull back and bounce around the wedge for a bit longer. Maybe breakout closer to the election...
Election year seasonality is playing out a little differently this year. Seems like norm is bottom in May but we bottomed in March. So perhaps everything is time shifted by 1-2 months? Will post Gold election year seasonality here for reference. www.seasonalcharts.com So for comparison sake: 1. June, Sept, November peaks dwindling down in the seasonality...
Election year seasonality is playing out a little differently this year. Seems like norm is bottom in May but we bottomed in March. So perhaps everything is time shifted by 1-2 months? Will post Gold election year seasonality here for reference. www.seasonalcharts.com So for comparison sake: 1. June, Sept, November peaks dwindling down in the seasonality...
Just a little something I'm looking at from the backseat of my Lyft :) Nice easy quick play I'll take here. Good luck.
Gold has support at around $1815/oz and Silver has support at around $21.5/oz. Both levels previously acted as resistance. Now gold has broken out of the descending triangle I would expect it to lead silver to higher highs and ultimately much higher over the next few years.
Bitcoin looks to crash TA Shows this, and there are some news about TRUMP, what i expect will change the trends for bitcoin soon in a crash trend. also more details about The hacked crypto exchange and more. The First time that we add a crash coffee time at below 9k trend.
NAT GAS CRASH trend possible - the best low coffee time Nat gas looks to get a breakdown trend - 2.60 possible as net trend.