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Metal

GC possible long opportunity on reversal.I don’t know if I am to take this trade but I am thinking about it in my mind. These be reason for possible reversal. - downward wedge - approaching intersection of wedge mean squeeze, mean price soon break - RSI in oversold territory. As price approach intersection of wedge will be even more oversold. - pice target top of parallel channel line. Also target could be when RSI approaches overbought territory. - with indexes pulling back gold prime for up move. Let me know what you think. Please give thumb up if you find this thought provoking. Thank you!
COMEX:GC1!Long
by UnknownUnicorn11430563
14
SILVER ON THE GLOBAL RISE - LONG Dear viewers, followers, silver lovers, reddit traders, all in one (we are together) Thank you for taking your time to read the information, that i am sharing with you all for free and backed by available research on internet. Firstly, i will take the credit of being the early retailer that get into SLV last year in april when prices were hovering around $14, you can go back on my tradingview profile to read that idea. I understand i will be questioned for this, but i simply am just using publicly available information, my countless hours of study and reading history to back up my idea on SILVER LONG. Here we go! Silver has been manipulated both ends, that being said Silver has been manipulated when it was "short" and as well when it was "long". But why? The answer to that made me dig deep in to silver history from 1980's to 2021. Silver is globally used in industrial sectors, recently in the last 10 years it became an important element in Automotive and Technology. Jewellery market consumption for silver is relevantly low as Gold is highly consumed in jewellery market, apart then that Gold just sit under a tight vault in banks. From 1994 (the year i was born), silver reserve metric (q) was around 420,000 MT, in which after 2 years it raised to 1,570,000 MT, a staggering rise in mining sector around mexico, peru, bolivia, china and the rest of total 59 countries that produces silver around the world. America has by far being the biggest importer for silver since 1990's ever since gold standards were lift off by President Nixon. During the early rise of computer and dot com boom, Silver met a giant rise in year 2000 to 1,860,000 MT and right after 2 years it dropped down to 430,000 MT. Since year 2002, Silver never went back up in reserve above 600,000 MT, which means the last time we ever had a lot of Silver available for consumption was year "2000". Fast forward today in 2021, Silver reserve has shrunk down to between 570,000 MT to the lowest 400,000 MT. (WHAT DOES THAT MEAN) take a guess! We have been running short on Silver since year 2004, price remained super cheap for Silver as low we saw $12 per oz in 2020 to the higher of $48 per oz in 2011 during Obama tenure. Why recently Reddit Community have been pulling strings on going Long on Silver? Because historically it doesn't make any sense for the 15-1 ratio btw SLV & GOLD. Meanwhile Gold remains all time high at $2075 in 2020 and Silver at $30 (2021) Why is SILVER CHEAP? when other commodities are expensive? Take a good guess? From technical point of view, we have seen strong price manipulation since 1st of february 2021 when reddit pumped in over $230 million of contracts and hit new highs, and right after that it was dumped in the same direction by big banks, it could be JP Morgan or Someone out there leasing silver to private institutions for dumping (aka short squeeze). I HATE THIS GREEDY MOVE but theres nothing we can do about it, they are scared that we are all notbaly understanding the undervalued precious metal. This will EXPOSE everything about everything! CURRENTLY ONLY 500,000 MILLION OF SILVER IN RESERVE IS AVAILABLE! (SUPPLY CHAIN) was over since 2004, but banks purposely kept the value for silver low (idk) for what BS reason. The law of supply/demand that was stamped by Buffet in early 90's, Buffet was super big on SLV but until he found timid pressure, he had to sell off his positions. BUFFET WAS BIG SINCE 90'S. "NUMBERS DON'T LIE" BUT THE BANKS CAN LIE There's so much i can share about Silver, but i guess for that we will have to keep the conversation private. Feel free to reach out to me, if you believe in Silver and it has been manipulated! SILVER LONG Entry: $25-$26 SL: $23.5-$24 TP1: $30 TP2: $32 TP3: TO THE MOON! ($100-$300) per oz TP4: WEALTH FORVER (IM SURE YOU KNOW WHAT I MEAN)
OANDA:XAGUSDLong
by kevinbilalfx
7
Copper. Triangle. Breakdown. Timeframe 1 month. Monopolization.Copper. Timeframe 1 month. A huge triangle has formed. Breakdown of the resistance of this formation. Notice how before the price rise they made a beautiful false breakdown. For strong growth, like the last time, it would be good if there was a rollback to the zone of the broken resistance of this formation. Complete development of the goal of the symmetrical triangle 13.23. The minimum goal is 10.1. Implementation until 2023 05 (this is relative time). But this is provided that the price does not fall below the mirror resistance level during a rollback (now it is already acting as a support). Also now there is a complete monopolization by playing with patents. All small participants in the prey will not survive. This patent game is what sparked this growth. Think what could happen in the world that would increase the demand for metal so much. Although even today negative dynamics is noted in the extractive sector. Alternatively, demand may remain as it is now or even less, but production due to certain events (not a "virus") may greatly decrease, which will provoke a very strong rise in prices (this applies to all minerals).
COMEX:HG1!
by SpartaBTC
9
Metals Mania, but has Silver lost its hype?In 2020, Silver had a legendary rise from its low during the peak of the Coronavirus lockdowns in March – up over 140%. Analysts (including me) attempted to justify its price and separate its strong correlation with Gold by arguing that Biden’s climate change policies will boost Solar Panels’ use, which extensively uses Silver. This may be a catalyst in the longer term. However, in the short to medium term, Silver is unlikely to be affected by this catalyst. With a new US President in the seat, alongside a decrease in Gold’s price, what are we going to see in the price of Silver? Technical see Silver playing between $22 – $27 From September till the present, Silver has been fluctuating between $22.40 and $27.30 reliably. We can see clean candles to the downside from the $27 mark, predicting strong moves to the downside if it rejects that strong psychological level. The Gold /Silver Ratio reached an all-time earlier this year when Silver’s price collapsed to $11.94 when investors flew to equities out of fear of market fluctuations. The Gold/Silver Ratio is a ratio of how much silver ounces must buy a silver ounce of Gold. With Gold quoted to rise in the medium due to inflation concerns, some analysts predict a Bull Run in 2021 for Silver. Philip Newman, a consultant at Metal Focus, stated that “We are going to see new record highs for Gold and Palladium , but silver will see the chunkies gains,”
TVC:SILVER
by BlackBull_Markets
1
GOLD Long breakout expected next?...The Dollar continues to retreat on a mixture of broad risk factors and US specifics following confirmation that Treasury Secretary-in-wating Yellen favours bold fiscal stimulus and market forces when it comes to the Greenback’s value, while she also intimated that increased spending should not necessarily raise the tax burden for businesses extortionately (or proportionately). The index is trying to keep tabs on the 90.500 level having declined to 90.272 and hold above support ahead of 90.000 via the 21 DMA that comes in at 90.141 today. Conversely, Sterling is back in the ascendency, and across the board as Cable sets sights on 1.3700+ again and Eur/Gbp tests bids into 0.8850 amidst reports of heavy selling interest after the cross breached 0.8900. Firmer than forecast UK inflation metrics may have prompted some upside, but the Pound’s revival appears more corrective and positional in advance of another speech from BoE Governor Bailey. In terms of the gold sentiment, we could see a rally over the rest of the week taking gold back above the $1,900 handle...
OANDA:XAUUSDLong
by FTUKcom
7
GOLD Buy Setup - Will You Wait For It?Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: GOLD is approaching a strong round number 1800.0 in green so we will be looking for buy setups on lower timeframes. on M30: GOLD is forming a channel in gray but it is not valid yet so now we are waiting for a third swing to form around it to consider it valid. Trigger: Waiting for a momentum candle close above the gray area to buy. and until the buy is activated, this one would be overall bearish and can still break the 1800 downward. and if GOLD breaks the gray trendline upward now (before forming two more swings for it to be valid) then we will not buy. As price approaches our upper resistance, we will be looking for sell setups. Good luck!
OANDA:XAUUSDLong
by TheSignalyst
56