WinstonWolfe

WinstonWolfe

So with the stock market selling off this has impacted the silver price, which has now dropped below $26.1/oz. The price will now head back down to major support, previous resistance of $21/oz (and change). I would expect a very significant bounce off of this level after an healthy consolidation. We would then see a similiar reaction to what we saw back in march,...

WinstonWolfe

Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.

WinstonWolfe

Path to $50/oz over the next 5-6 months.

WinstonWolfe Updated 

The most overbought gold price in history. A pull back to $1800 is now the most likley outcome before marching further. I expect this to be the last time you'll want to top up your holdings of gold/silver or the miners before the mania phase really gets going.

WinstonWolfe

Assessing the G/S ratio and my prediction of $10,000/oz by 2026, the price of silver could potentially hit $400/oz by this time as inflation runs out of control.

WinstonWolfe

Silver looks to be breaking out of a shorterm downward resistance and has recoved from a false breakdown of the primary support line. It looks to me as if the next target will be $21.25 before a pullback occurs bouncing off the converging lines, before a breakout to $26.25 and another consolidation before reaching new highs of $50 and beyond later in the decade.

WinstonWolfe

Fresnillo is now off to the races to 1065 before it hits the next resistance level. I would then expect to go back up to 2016 highs once silver breaks out of its descending channel.

WinstonWolfe

...before we can confirm a breakdown in the ratio and that silver is heading much higher. I expect it to breakdown and silver to head to old highs with gold soon.

WinstonWolfe

Backtest of the GDX long term trendline has occurred at approx 32.5. It has held up till now which confirms the bullish uptrend in the miners and will add a lot of fuel to the next leg higher. However if it does not close thise week above 32.5, expect miners to head much lower. I do not think this will be the case.

WinstonWolfe

I feel the long term chart pattern indicates a breakdown in the bitcoin price is more likely, than a breakout. However willing to admit I was wrong if it does break out.

WinstonWolfe

Target is near 400 for nearest resistance and therefore the potential gains here are great longer term.

WinstonWolfe

The DOW/Silver ratio looks to be topping. If the ratio breaks below the red support line, expect a silver bull market over the next few years and the stock market will underperform.

WinstonWolfe

The breakdown of the ratio is indicative of a bull run in PM. I would expect the ratio to hit 100 in the coming weeks/months and expect a breakdown of the ratio in the coming years as the bull run really gets going.

WinstonWolfe

The gold to silver ratio appears to be nearing a breakdown lower. If this were to happen this would be incredibly bullish for both gold and silver. The gains in silver over the coming months would be incredible provided the level of 110 is broken and stays there. I would expect a bounce above 100 once it breaks lower, but then I would expect to see a complete...

WinstonWolfe

Silver seems to be forming a bullish downward trending flag pattern, which is bullish to the upside. It will break out eventually, probably when we exit this deflationary period due to the virus and we enter the high inflationary period that follows due to intense monetary stimulus which as preceded.

WinstonWolfe

XLM USD near a breakout with next resistance at 0.17 XLM/USD.

WinstonWolfe

My take on what the gold outbreak will likely look like in the coming post lockdown inflationary environment.

WinstonWolfe

The Gold Silver Ratio is either about to create a second bottom in Silver or will allow Silver to finally join the Gold rally in a bullish move for the precious metals. This technical pattern does not indicate one way or the other what is the most likely outcome, however in a deflationary environment I would expect silver to head lower and therfore the Gold Silver...