USLV
GULD free monies... inverse head and shoulders on 4hr(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually)
Greetings investors, traders, speculators, technicians.
im looking to throw out another bone with MASSIVE MEAT on it like previous trades: GULD, SILVER , OIL , etc. (that OIL trade what a SPECTACULAR TRADE...)
NOTE:
yes, we know there is no 100% guarantees, BUTTA when the price action on the chart just comes out and speaks to you, and tells you to tek da monies, TEK DA MONIES...
as we wait on DOW DJI to close CME GAP at ~ 27000 and potentially dump there after, GULD is looking to bump up to recent HIGHS... a decently strong inverse head and shoulders is being printed on 4hr... get on some leveraged GULD and SILVA , since we know SILVA will also run with its brudder... NUGT/ JNUG AND USLV to boot. of course we are looking at technicals, but this price action is founded HEAVY in macro economics, so we may just decide to punch through recent highs and go into next resistance areas higher up on chart... will add resistance points later, but we were just looking at getting this out in a timely fashion, even though the paint was sufficiently dry in yesterdays session.
GET READY, GET SET, gOOOOOOOO
SIlver (USD)- Monthly chart. Must break out of downslopping chanSIlver (USD)- Monthly chart. Must break out of down-slopping channel (pink).
Sadly, hasn't even retraced past the 23.6% Fib Retracement from the 2011 highs.
Silver (USD)- clearly has a lot of work to do to recover from the blow off top of 2011.
Silver (AUD)- Monthly chart. Forming Double bottom.Silver (AUD)- Monthly chart. Potentially forming a Double bottom.
Note over head resistance (yellow line)- 4 failed previous attempts.
Yellow line also coincides with 38.2% Fib retracement from the 2011 highs. So a very important line to break to complete Double bottom.
Short term view of SilverSilver has risen since my last posting (see link below). We may get a short term consolidation here if this is .3 then another rise to .5 then a correction. Or we if this is .01 of .3 we get a rapid extended rise from here. We'll see. If price drops below .1 this concept is wrong.
Take care.
USLV: Set to Hit ~$174 by March or April of 2020As precious metals have slowly gained momentum late this year again, USLV is part of my two step post of updating people on what JNUG and USLV will look like in the coming months.
On JNUG, I believe 130 is possible by Q2 2020. Consequently, I see big gains in 2020 for Silver as well and I believe it is very possible to see USLV in the $165-175 range by March or April of 2020 before correcting off this level.
Neither will get to these levels instantly, but the time-frame is roughly 3 months.
Remember, do not forget about Platinum as Platinum will surge "bigly" in 2020. I invite people to look at Impala Platinum for huge upside potential.
- zSplit
USLV - Can't Win 'em All, but USLV buy @ $62 was phenominalUSLV - Can't Win 'em All, but USLV buy @ $62 was phenominal
Is Silver Ready for a Bounce up ??Silver FOREXCOM:XAGUSD dropped 10 straight weeks in a row, popped up slightly last week and is dropping so far this week.
Last week's higher close shows a hammer candle indicating a possible floor. The Bulls overpowered the Bears and drove the price higher for the week.
USLV , a 3x Bullish Silver ETF, is poised ready for a pop up with the RSI showing way oversold.
May be a good time to take an initial position in USLV and ride the possible increase at 3 times the rate of the actual silver price (if indeed silver climbs).
USLV (bought @ $62) Moving Avg's haven't even gone bullish yet!!USLV (bought @ $62) Moving Avg's haven't even gone bullish yet!!
USLV... Let's... Get... This... Party... Started!!! in @ $62.00 USLV... Let's... Get... This... Party... Started!!!
SLV LongSilver has broken out of a multiyear descending triangle pattern to the upside. Typically a descending triangle is a bearish pattern so for it to be foiled and having gone to the upside is extra bullish. Moreover, silver entered a bullish falling wedge pattern right after, back-tested the initial triangle's resistance-turned-support and continued upwards. There is likely going to be some consolidation/corrected in the very short term but as far as long term is concerned, silver has only up to go. Silver is also trading at roughly 93:1 compared to gold. This ratio has been proven to be a bottoming signal for silver before in the 90s before it corrects to a ratio of roughly 40:1.
SILVER Double Top Expected.end of January target is $15.91;
let's see if we can hit it. I'd like to see higher, but not likely in the short-term. I'm expecting not to break $16 this intermediate cycle; but very likely in the next one: come end of February to mid March, I think we then break resistance after a decent pull-back.
Silver AGQ/USLV Breakout HAPPY NEW YEARS TRADINGVIEW!
I figured what better way to start off the new year than to take full advantage of the current sell off in equity markets. In addition to some lucrative short plays, I am really loving the RR of getting into commodity markets.
It's a story as old as time really! Well, maybe not that old, but it is a repeating phenomenon as old as derivatives.
When equity markets start to falter, commodities and more specifically precious metals start to boom!
The main caveat for this trade is the fact that commodities are extremely undervalued. That is not only my personal opinion but also an explicit fact. The SP500 Commodity Index vs SP500 Equity Index is at nearly a 50 year low.
Commodity prices have always positively correlated with higher inflation and tightening monetary policies.
Inflation has already been increasing across the board and will hit the global economy in a synchronized manner. Higher inflation is negative for bonds and equities, especially at current levels.
In addition to the inflationary pressure being applied to global markets, central banks will soon tighten monetary policies faster than markets can efficiently price in these policies to compensate respectively. With interest rates and inflation on the rise, many individuals will turn to precious metals as a safe haven.
All factors align perfectly for commodity prices to enter an enormous bull market. And as we have seen recently, this scenario has already started to play out.
But enough with the fundamentals and preamble, lets get into the bare essentials.
Cloud signals:
-TK Cross underneath cloud
-Price about to test Senkou Span B (upper cloud boundary)
-Kumo Twist (Shorter time frames have twisted)
-Targets-
Entry: $25.00
Stop loss: $21.25 or -15%
Target one (30% equity): $35.50
Target two (30% equity): $43.50
Target three (40% equity): Trailing stop set to (- 15%) from trigger
____________________________________________________________
* Not financial advise *