Huge Cup-n-Handle Huge Cup-n-handle Sept-19 to today. Long uptrend, positive insider over a year, plus, its Gold, other metals in stable Canadian region!! Watch this soar when the govt prints more monopoly money.
Precious
Silver could touch $40-41 very soonToday, we're looking at SILVER.
Silver, along with Gold are in the early stages of a multi year bull market rally.
Looking at the daily, we could see a break out and the start of Wave 3 before the the end of September but could be delayed a week.
In the longer scale, going back to the late 1970s, we have the biggest cup and handle formation I've ever seen.
If a catalyst can make itself available, we could see $59 for a hot minute.
Longer term my target for silver is $130.
Platinum then Platinum !Platinum will be under the spotlight in the coming months. Starting to outperform after long years of underperformance.
Gold Setting Up For Large Movement SoonI expect Gold to make a good move here soon, with the current bollinger band compression we could see a good break to either direction. Watch the RSI and momentum indicators for a signal, I have alerts set on both lines for this play, just sit and wait.
GOLD going to $3000 by March 2021?I have no doubt President Trump will win re-election in November. Landslide victory.
When this happens, expect previous metals to (really) explode as fiat goes (further) into hyper supply and tensions with China escalate further.
Fun times ahead.
Might see a small pull back to $1630-1680 first though.
Is SILVER about to start a 10 year bull run?Looking at SILVER, the price is nearing the end of this triangle.
In my view, poised for a break out. Some other interesting allignments also taking place.
Fibbonnaci time, when measuring the last wave, indicates the potential reversal zone around Sept 28th.
I would consider that more of a range though. Figure sometime between End of August and early December, we could see significant action in one direction or the other.
Looking at the longer term SILVER, we also have a huge cup and handle formation between the 1979 peak and 2011 runner up, with this triangle representing the handle portion of the cup + handle.
If the price breaks $31 then I think we could see the rest occur at a fairly rapid clip.
On another interesting note, take a look at the DOLLAR to SILVER ratio on the debt clock. It's really just an illustration that's not exactly relevant but I'll just point out ti's currently at silver "at" $3000/oz. It was "just" $1200/oz back in February.
www.usdebtclock.org
Silver 9$ targetMajor deflation is ongoing. People are hoarding cash and there is a US dollar shortage. Stock market is soon ready for another vicious leg down, which will due to margin calls decimate precious metals. Silver will most likely go back to 2008 levels.
Gold is showing us an interesting pattern here. I was watching this last week and it has completed the pattern as of today. Watching this closely as the measured move is around ATHs in gold. Closing above the structure and ill be adding to longs.
Happy trading traders!
Silver: Bearish Divergence?I see bearish divergence and a rising wedge in front of me right now. I am waiting for a 0.618 retrace to put my capital to work for the next year.
QE to Infiniteeeeeeee
Gold as a leading indicator of 'the bottom'.TVC:GOLD
In March - October 2008, gold was slowly crushed under the weight of an economic recession in full swing and sold off approximately 25% from the highs in February 2008. As counter-intuitive as that may sound to gold bugs, it is clearly shown that gold did not begin to perform well until near the lows of the Great Recession. As we approached that time, gold clearly behaved as a leading indicator that the bottom of the market was in, after a sharp divergence from selling into a bull run beginning November 2008 and lasting through August of 2011. Importantly, gold rose steadily from November 2008 to February of 2009, divergent from the market at the time. I remember this time well, and remember that people could not yet process that the bleeding in the markets was over. They were correct for a few months, but essentially, the bottom was near and the bleeding was soon to stop.
I believe what we are seeing now in March of 2020 is the same thing. Not that the bottom is in, but that gold has begun a massive sell-off. For various reasons I believe that gold will continue to sell off, with radical swings in either direction over time, but with an overall downward trend in spite of incredible physical demand. For gold bugs, this is an excellent chance to metaphorically back up the truck on physical (miners to be discussed later), which based on recent premiums over spot on physical deliveries from APMEX is floating in the 4.95% range for gold (March 14, 2020) and an amazing 25.9% premium over silver (March 14, 2020).
So, with extremely high demand on physical gold and silver combined with a rapid drop in equities markets, I am looking specifically for a reversal in the downtrend of gold (and less so silver, with gold as leading indicator of silver prices) to last not less than two full months before the beginning of what I believe will be a bull run in the gold market the likes of which the world has never seen. Exactly when that bottom occurs is anyone's guess, and the variables going on in the world right now are astonishing. What I am looking for again, is a major trend reversal that 'sticks'.
Silver trade in range bounded Rational of Recommendation
1. Bullish pennant formation on the daily time framework
2. Price trade-in a range bounded take the opportunity with favourable risk-reward ration.
3. Buy on a support level of Pennant pattern and Sell on Upper range of resistance with respective stop loss level of previous daily High/Low.
Palladium Rockets: What to Expect, Why and How I Call it NowI ended up being one of the most bullish investors with respect to Palladium for 2020 but even I was a little wrong! Many people called Palladium tanking in 2020 with 2000.00 being the absolute peak. Nope! My forecast was 2500 but I have revised the outlook, and here's why.
While most Palladium mines are in South Africa (which I already knew in my previous forecast), it turns out that there has been some power issues due to weather (impossible to predict ahead of time), and this will artificially increase Palladium significantly in 2020; it has soared nearly 28% YTD which equates to one of the top assets thus far in the entire stock market. Now, this may or may not be pure manipulation to drive the price up, but in reality, all that matters is the price is going up.
Secondly, it seems there has been an absurdly high interest level from China, India and other parts of Asia for Palladium. It could be that they are using the metal for electric vehicle production, or stockpiling it for future production.
Nonetheless, and interestingly enough, Palladium and the S&P 500 are highly correlated, and I accurately called that 2020 will be very bullish overall for the markets, and as such, Palladium will continue to rise.
Palladium could have a violent pullback of 5%+ when the SPX decides to correct just a little bit (doesn't have to be some epic correction), but the dips will be bought in both cases.
Palladium will likely consolidate with some gains but much lesser gains through 2021, before the run corrects more drastically sometime in or around the year of 2022.
Some top stocks to invest for 2020 PTMs: IMPALA Platinum (follows Platinum mostly, and a little Palladium) || PTM (junior Palladium miner that focuses on Palladium mostly and other PTMs).
TP 2020 (not necessarily by year-end): 2800-3000+
- zSplit
DXY: Weakness will Lead to Surging Precious Metals in 2020The DXY has been rejected off a key level from the 2 year uptrend, however, continued weakness will ultimately push the DXY lower and allow precious metals to surge beginning in 2020.
The weakness in the DXY is mainly in anticipation of a deteriorating economy sometime in 2020 as well as a massive expansion in the balance sheet (quantitative easing).
Once we break below about 97.170 that will trigger more fierce selling.
In the longer-term when a recession happens look for yields to rise and the DXY to fall. No, contrary to popular and inaccurate belief, rising yields does not mean precious metals will fall.
Trump always said he wants a weaker US dollar. Lets see if he likes the end result...
- zSplit
Platinum, interesting descending trianglePlatinum was the king of metals just a few years ago (in terms of price, not at all market cap!)
Gold has since then delivered a knockout to platinum and showed once again that gold = the true king.
The gold/silver-ratio shows that silver and other alternative metals are outpacing gold in this recent rally and that a shift might be emerging.
With all the global economic panic, negative yield-crisis, stock markets being in a parabolic bull run for an overextended period of time now. Precious metals will be more and more interesting to watch everyday.
Platinum however has been somewhat shy this rally. Looking at the chart we can see a descending triangle in the making for about 10 years!
I know a descending triangle is often a bearish sign.. but.. Looking at the 50 month moving average we can see that the price of platinum is trapped between this ma and the upper trend line of the descending triangle.
This makes the change of a break upward very very likely in my opinion.
Strategy:
I am deversifying my gold holdings (for long term) in silver for a good swing trade on the gold/silver-ratio and i am also taking a close look at platinum.
If the 50 month ma is proves itself strong and platinum breaks above 1000 dollars (out of the triangle) then this will be a very interesting trade.
If the triangle does not break upward then an opportunity to buy at the base support level of around 800 usd might emerge.
Lets see what the market decides to do! I can't wait...
Platinum and FOREX $XPT Platinum has been on a nice uptrend. If Gold and Silver rally more i imagine platinum could see some of the highest % gains out of them all. I'm long but not too heavily invested. Some ETF's and Physical platinum wouldn't be a bad idea though just for a long term suicide stack. What do you guys think of platinum long term?
Checkout my youtube channel too if you'd like more content from me :)
Platinum breakout? Where will it go from here?Let's see what the move will be now that Platinum has broken the downward trend line
RAE- precious metalscommon earth. news.mit.edu
The solution is multifaceted-
the conditions are deplorable, for huge populations of the world, while there are techniques to create in a lab setting unique minerals, RAE has bottomed out and has taken a steady bargain at the .140 ish zone from 2005, All things considering it is safe to assume that the price will not go past the .211 before year 2021, Looking at the time waves, ther e is clear convergence oef all waves in this period, showing indecision, , the past wave counts have broken towards the middle, between .105, that being said, were riding the bottom fib line at the bottom of a run, with the positive momentum outweighing the negative for the remainder of the year, yes new technologies and mines have not been perfected, but until that happens, rae looks strong to the .138*
Gold Miners bottom Christmas 2020 via momentum modelI entered GDX & SLV data into my models today (eue-te.wb) and found that both daily models suggest that Christmas 2020 will be the next optimal buy point for the precious metals & miners.
brschultz aka markettimer777
Silver spot can follow Gold Trend-Silver can follow Gold trend and rise further may break long developed range between 14.80-14.50.
Immediate TGT 15.00 possible
An Impending Golden Breakout...The last eight weeks had been nothing short of exciting, or painful to some. Meanwhile, let's look into a potential asset class/sector that could be the next to move... UP. Gold is one that appears to be coiling for a spring up. Having consolidated after a downtrend since September, gold indicated a slight bullish effort during the current correction in most asset classes. This effort was retested and it appears to be coiling for the next level move, upwards. While it is not ripe yet, the MACD, and EMAs are beginning to show some bullish indications, as we move into the gold high season of December to February. Watch for the breakout of the trendline resistance and clocking a new high above 1240.
G
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