Target Price of $27.5 if the rally crushes resistance.
The stock LSE:FRES - Worlds largest primary silver producer. The thesis XAUUSD has been on a pretty strong run over the last five years, and always does well during turbulent times or when banks turn to QE . There's every indication the FED & other central banks will be printing money like it's going out of fashion over the next few months/years. Silver prices...
The Longest Record Broken: Gold/Silver Ratio Hits Highest in Over 5,000 Years 🎉🎉🎉 We have data for this series going back a long, long time – during Pharaoh Menes’ time (circa 3100 BCE) for example the ratio was 2½x, whereas in King Hammurabi’s day (circa 1750 BCE) it was 6x. The legendary Greek king Croesus (circa 560 BCE), who supposedly invented gold and...
silver is breaking below a major trendline on 4H. because for quite a while the market remains very very bullish I am looking for additional confirmation on 1H chart. there we see a completed head and shoulders pattern and at the moment the price is approaching a neckline. your plan is the following: wait for a bearish breakout of a neckline, sell...
Following up my outlook on silver, this furthers my bullish silver bias. The last monthly close has wicked massively from the topside. Either this is a channel that has broke above and bull trapped or (depending on where you draw your trend lines) it could be a broadening wedge. Either way I would see this as bearish for the gold to silver ratio. At the very...
Despite the virus, despite millions losing their jobs, despite the world changing dramatically very quickly... Stocks are showing substantial strength. In my opinion this is a combination of the actions from the Central banks especially from the Fed (which is 'successfully' flooding the market with cash), the 'whatever it takes - bailouts for everyone - the Fed...
When comparing silver and gold it's easy to see they are making similar movements. The most interesting part to consider is that silver though following similar patterns has been much more volatile. If silver holds this pattern on the upside it will greatly outpace gold.
Weekly Chart: FED and all global countries printing fresh money for more Gold, silver, Platin and bitcoin
We're about to witness the collapse of the US dollar as the reserve currency of the world. The DXY which represents the US dollar's strength against other currencies is going to receive a major blow due to Quantitative Easing policies by the Federal Reserve of the United States. This, combined with the current state of affairs of the paralysed american economy,...
TSX Ventures Index has formed a huge wedge over the last 15 years. It has reached the 76% Fibonacci projection and showing huge bullish divergence on monthly MACD. Seems ready to break out on the upside with immense potential. Highly bullish for juniors miners that constitute the core of this index (material is 37% of the index while energy is 35%). Juniors...
$gdx $gdxj $nugt $jnug $jdst $dust $slv $gld I'm bullish on hard assets- watching for possible leg down. A higher high will invalidate this.
Are the markets getting any better or worse due to this Covid pandemic??? Gold is taking off. Rising 20% in last two years. Gold has not surpassed the US dollar like it did in 2012. See graph! So it can't be that bad based on this technical analysis. Fear (VIX) is getting lower and markets like S&P, DJI, NASDAQ are rising and stabilizing.. However, the feds are...
It is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold. Remember that we have had some massive blocks over the previous...
It is difficult to see the handle, but it there. I consider it an accelerated form of a handle given the crazy volume and price action during the virus outbreak. If 2009 - 2011 are any clue, then bonds should start dropping with interest rates and inflation expectations rising. This should boost gold . Remember that we have had some massive blocks over the...
IMO bearish continuation pattern. My prediction... We will see be some bad Corona news from the USA Tuesday ish and will tank most markets including commodities, don't forget the FED has unlimited liquidity so few\no safe havens they can short anything to zero. My target for SPX500 is just below the green area. Cryptos day will come when the next round of QE...
WIth HHHL made, I expect this week to be green. Pure technical setup. 1st area 2750
Hello traders, I made a bold call several times initially a few weeks ago, and continuing a few days ago, however, it is becoming increasingly likely that my call may indeed pan-out. Gold always follows 10-12 week cycles with bottoms lasting in the final 3 weeks. This cycle likely threw all the bulls off because it has been exceptionally skewed, elongated and...
Gold, Silver, USDMXN, USDZAR, USDTRY, EURUSD Talking about Central bank action, state of economies, the USD shortage and all the technical around it