Looking for a running start...Silver junior Miners still consolidating. Stan Weinstein's Mansfield Relative strength indicator vs spot silver will show the way. Time bomb waiting to happen. A close above +19 will send this flying to +32.
SILJ trade ideas
SILJ - measured move to ~$25SILJ has been flagging for the past few months ( as with metals in general). We have what appears to be a breakout. RSI also appears to have broken out as well - perhaps watch for a back test of the resistance and a move to ~$25 in the next few months.
Catch up mode for Silver Junior Miners!It's definitely GO-TIME... reverse symmetry move on 6 month candle chart showing the way, already behind schedule. Am i the only one FULL bullish over here? #gold #silver $slv $gld $sil $silj $gdx $gdxj
Silver Junior Miners +32$ targetEasy move up the perfectly created building blocks. Nothing abnormal here, just beautiful price action with time reduced point and figure chart. Am I the only one using these? I feel soo old school. Anyways, 16.10$ then 19.25.... THEN +32$. Remember, in a precious metals bull era, consolidation patterns have a tendency to resolve upwards. Enjoy! #inflation #debt #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj
More log volume analysis... silver Jr. miners!Scenario where silver junior miners explode early November. #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
Silver junior miners approaching point of recognition.Important base building in progress. Silver junior miners approaching point of recognition. Still early... 30$ target. #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
Silver Junior miner's on 4 hour Point and figure chartSilver Junior miner's on 4 hour Point and figure chart... I'm eyeballing the strike zone... then the prize! $19.50. #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
Great looking running start possible for Silver Junior MinersWeekly Chart... Great looking running start possible for Silver Junior Miners... #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
Silver Junior Miners deciding a longer roadMany roads to Rome... Silver Junior Miners deciding a longer road... dragging on your patience levels. #patience #gold #silver $slv $gld #fintwit $sil $silj $gdx $gdxj $dxy
SILJ Silver Junior Miner ETF 1D BZXwatching. small reentries. awaiting confirmations for bigger long.
Are You Paying Attention to Silver Mining Volume?Big volume coming into the mining sector thanks to Buffett and Sprott kicking off the buying spree
SILJ 5 EMA viewI am an accumulator along the 5 EMA (white line)
From left to right are four candlestick views:
quarterly, monthly, weekly, daily
Silver miners are looking good.2 possible counts.
The green count seems more likely because I see 5 wave subdivisions within the larger waves. We just reached the 1:1 fib extension and if we can continue upwards through there, our chances improve that this trade continues upwards.
Breakout will be confirmed if we reach $11.60
SILVER IS HOTTTLet me be clear that until we break to new highs (~11.60) with confidence, there is risk still for one last pullback to (~8.90).
However, the fundamentals are lining up for silver to go parabolic, whether that happens immediately, or the beginning of next year.
My long term target is in the $20's
Silver miners - LONGThis chart might tell you when market sentiment starts to change. Could it come back down again?
