Anyone that has been following my ideas around Christmas time knows that I stated the fallen descending wedge from 1610 would eventually lead to a cup to handle and eventual break-out but I noted it would likely take 3-4 weeks or so, and here we are. Resistance area for accumulation and volatility is 1580-1588. Gold will hit 1700+ sometime in March and a rapid...
I recently posted a chart of silver showing the bearish case, I also shared a bullish case for the dollar. In order to confirm the theory of those two I share the gold silver ratio. It is obviously in a bull trend. it has been stair stepping up major fib resistance from the low in 2011 and a smaller sequence from 2016. firmly above the 61.8 on both and well...
Gold almost hit the first target in the quarterly timeframe here. If it doesn't go back under this quarter's open it may keep rallying. Upside target #1 is not far, 1615.28, but it could go higher until Q2 2021 at least, reaching prices between 2094 and 2714. The technical pattern that formed while #Gold was under accumulation is called an 'explosion pattern'....
As I noted several times over the past several days, weeks and months, 1700+ is in the cards either by March or sometime in early March. While yesterday (January 28th) may have scared many people off as Gold dropped about 1% and Silver dropped to roughly 17.45 ( for seemingly no reason ), the reality is, this was nothing more than speculators stopping out...
long on gold to the 1580 range where ill be looking for sells back down !!
Highlights - GDXJ to 50.00 or higher by March - Yields to make new record lows in 2020 - DXY to rise slightly in Q1 to early Q2 of 2020 and fall sharply mid to late year - Gold to hit 1700+ in March; Silver to hit 21.50+ in March - Gold to reach 1900+ by year-end; Silver to hit 24+ by year-end - Gold stocks to outperform every sector in the equity market when...
At current time, both Silver and Gold are in mid-cycle consolidations (not corrections) and it is highly improbable that the current key levels/values (~1550 for Gold and around 17.65-17.75 for Silver) fails to hold. Any deviation from these values will be bought and the price will bounce towards these ranges as we gear up for the next leg higher. This has been...
This commodity ratio cannot go to zero and its the closest to zero it has ever been. This ratio has likely not hit its bottom just yet but this is a strategic time to be building exposure to platinum and reducing exposure to palladium. Even with platinum having broken out of major resistance in the first two weeks of 2020, palladium may still have room to go...
As I always tell people, watch the seniors and you will have a premonition on the upcoming movement of Gold. Many leveraged funds and senior stocks are currently forming an elongated cup, and just coming off a handle in many cases. Expect a rest for Gold slightly, as we move our way to 1580, and in about a months time (around March) Gold should be near...
For those that follow my ideas, there is no question we are in the last leg of the equity bubble before an extended bear market. The catch 101 however is, any pullback that occurs will be bought until the SPX hits a minimum of 4000. I see an equity bear market commencing anytime from late 2021 to sometime in early 2022 for several years (impossible to know when...
Possible ways and pattern for gold. Price likely will go for an upside move before a reversal to the downside. If you agree with this trading idea, please hit up the like button yea. Thanks! :) Any thoughts or ideas please do share.
Gold prices are higher in midday trading Monday, but have backed well down from the overnight nearly seven-year high of $1,590.90, basis February Comex gold. Today’s low-range close hints that the gold bulls have run out of gas on a short-term basis and need a rest, or pause. Meantime, silver futures scored a more-than-three-month high of $18.55, basis March...
Impending boom, buy gold! How many times have you heard that this week or over the last couple of months? If we look at the technical price chart and remove as many fundamental biases as possible, we begin to see that gold is currently trading in a trap zone (a level between the 0.382 and 0.618 fibo). As of today, the weekly candle is bouncing off of the 0.618...
Just something I've been looking at as a possible scenario... Will post a more indepth analysis when we get a short term answer... On the livestream initially we had shorted 1490s but then flipped long @ 1502 and again @ 1512. Now we look much higher but lets see what happens here. Previous analyses: (38.2% Retrace, weekly chart breakout): We start...
The recent rising wedge we saw since the bottom in around September has broken down and will continue to break-down as we move through mid 2020. In the shorter-term, yields will fall faster than people think. In my opinion, US data has certainly not "bottomed" yet and will continue to weaken enough to provide further rate cuts in 2020 despite what the Fed 'wants'....