As the dollar will start to make its next move down expect a big rally from precious metals Watch for detail
WBA seems to have completed the breakout of the Inverse HS bottoming and trend reversal pattern I discussed last week. If entry point was at close yesterday, gains are 6+% Take profits as you feel comfortable. Ultimate target upon completion of pattern yields a price target of approx. 10.50. If trend reversal is a long term chance of character move, reaching...
both broken long term trendlines to the upside. Additionally, CANE is in season. MASSIVE inverse HS on CANE with 275% upside potential 2-5 yrs Please watch video for a more detailed explanation
A comprehensive review of the multi-year cycle lows in the precious metals complex
Uranium appears to have finished it's larger, intermediate degree correction. Additionally, uranium has broken out of what seems to be a massive cup and handle pattern. Expected price within the next decade is likely to exceed 200 dollars/pound. Expect some more consolidation before a large move higher. Watch video for more details.
Silver approaching 32.75 level after completing a corrective move this week. 37.75 is the line in the sand. A close above this level will confirm a historical breakout. 35 is almost certain and 40-45 a possibility before undergoing a larger, intermediate level correction. Watch for more detail.
Gold is in a different stage than it has been for over a decade. After a consolidation from the massive 2000-2011 bull run, GOLD has broken out of its 13 year Cup and Handle. Longs will witness a historical move as this only happens every several decades. Few and far between, metals bull markets come rarely, but when they do, nothing beats it. Watch for details.
WBA has broken a long term downtrend line, creating a potential inverse HS in the process. This company is due for a bounce at the very least. Best case for longs is a longer term bottom and reversal being put in that can take us to the 200DMA or above. See video for details
Long term TA on PL1! 1) Shorter term expectations/price target 2) Relationship to gold and silver 3)Longer term patterns and eventual price targets on a yearly timeframe. Sorry if this was longwinded. Will begin to post weekly updates so consider this a comprehensive analysis to precede, shorter, brief, weekly analyses. Feedback is recommended, please enjoy...
Long term silver chart 1)shorter term correction likely over 2)42-47 next 3) If you didn't buy under 30, buy before 32.75 Targets 45 50 77 3-5 years 585
- Very simple case for NG bulls on a long (2-5 year) basis. Macro trend simplified with nothing more than trendlines - Shorter term bear play will be described in another post - NG appears to be making a Jesse Livermore accumulation megaphone pattern as it did in the 90s/2000s 1) red long term downtrend line broken to the upside and retested beautifully. 2)...
VERY LONG TERM OUTLOOK and very likely the setup of our lifetime Bigger the base higher in space. Silver is breaking out of a shorter term basing of just the handle in what is a 44 year basing pattern in the manifestation of a cup and handle For visual purposes: Arrows represent 8 year cycle lows loosely corresponding to the same 8 year cycle lows in gold give...
1) First intermediate cycle (circled) since GOLD had its 8 year low at 1615 (3 daily cycles embedded within, the 3rd started days ago) 2)The third daily cycle will likey left translate into our new intermediate cycle low - 1850-1900 - the next intermediate cycle should break and sustain above 2000 3)The bounce/left translate cycle should become rejected at...
TECK break out of double bottom on weekly great time to buy
65$ for approx 50% Fertilizer industry looking very strong as a whole
SM Energy continues to look very bullish with a longer-term cup & handle-like pattern and recent ascending wedge that should move to the upside. Target around 60$
Long term chart looks very bullish for platinum. The recent break of a long-term downtrend with a successful retest and potential double bottom right above the 62 fib. if double bottom plays out, short term target 1,300$ long term certainly several thousand
SBSW appears to be on the verge of completing a very solid cup & handle pattern if we can break 20$. Would expect a move up from there followed by a retest and eventual target of 37 for an approx 150% gain. Physical platinum appears to have bottomed at 600$ in 2020 and has broken a long-term trend line currently trading at 1025. Future in hydrogen full cells...