Gold needed to cross below daily 50ma in order to go higher. Also, this appears to be the beginning of the breakout from the wedge. It looks like a whipsaw. I expect gold has a short term bottom here and will be up over the next 5 days. I don't think we are starting the next leg up over 2K. We need to wait about 4 weeks for that. I don't know how bullish of...
apple looks to get a new increase trend. apple show event next month. IPhone 12 event date: October 13 looking for 115+ Have good time all (:
GOLD Drop (2) ** First Call with almost +5000 pts in just one week:
Yesterday did tesla close at green, if nasdaq and other assets was yesterday not red, than it was more huge increase. as we see today nasdaq recovery in green, and today the day of tesla battery expecting huge increase, and that the market will open in green. Have good time all(:
As I expect many others have commented on, this breakdown from the consolidating triangle bodes ill and represents the correction and reversion to mean I've been expecting in precious metals. I am still very bullish long-term but please watch the cup and handle pattern in gold to ensure it sticks, otherwise something more serious is afoot. What worry's me also is...
Hello, Thanks for viewing. Really nice to see the encouragement and feedback from my last post about the gold/silver ratio. This is to share another of my recently entered, but shortly to grow significantly in size, positions. Boring old Commodities. If you look at a long-term chart, commodities have been on a largely downward slide for over 29 years. I just...
The correlation between stocks and gold/silver continues to persist. Many see gold and silver as a hedge against a weak stock market but this isn't always the case as you can see in the comparison chart the last couple of weeks. If stocks begin selling off with more velocity this trend/correlation will only strengthen as we've seen in past sell-offs. 2008/09 and...
Change of stance on gold. waiting for a breakout on the downside to sell Share your thoughts in the comment section below Like and Follow for more content Previous chart in related links Good Luck!!!
USOIL looks to breakdown to new recovery point. Have good time all(:
I believe Gold is just a great asset to have. it is so consistent. if you are planning on buying . try to keep it closer to the red pivot point. just incase it breaks out. I bring this up due to the fact that the Gold Silver ratios is just getting smaller and it is a great time to change in those silver coins for some gold. im still waiting on silver to make...
We are in the longer term accumulation zone. If we get one more stimulus, expect 13k then 20k end of the year scenario. Trump gotta do another one to win the election. If democrats won't pass the bill and Biden wins, expect the worse recession in years. Good luck.
I decided to clean up the chart add a bit of context. To my eye, it looks like we have a big move ahead. Is this month's Federal Reserve meeting the catalyst for either direction? In any event, every dip in gold and miners have been bought. Let's see if the trend holds.
Thanks for viewing, Initially posted in 2019. I was a buyer of silver bullion since silver crossed the 80 mark. That included adding significantly to the holdings during the steep drop earlier in the year. It hasn't always been a comfortable trade, but it has worked out rather well to date. What I expect next is, despite continuing tail-winds for bullion, the...
EXPECT to see a lot of CHOP over the next few weeks as the S&P 500 works its way through the EMA's and completes the 3-3-5 TEXT-BOOK correction as predicted on a previous post. It looks to me like the S&P 500 will reach around 3490 (Between Fib .618 & .786). After deflating into an extended (C) wave down reaching a new low just before the election. Plan to pull...
Red Lake Gold (RGLD) is back on trend up 26% today after the discovery of multiples gold in soil anomalies at the Clarence Stream north project. It has support around the .355 and should go back up before hitting resistance around the .42. Should skyrocket again around October 08 hitting new ATH. Hope for more news on Clarence Stream and hopefully some good news...