When the GDX/Gold ratio rises, the Gold Miners rise more relative to Gold. Seeing this ratio rise is good to confirm a gold bull market. Gold miners should do well in the coming years.
GDX breaks out from a 7 year Resistance and looks to head higher to 55 in the next year. Fueled by rising gold prices and low oil prices.
To be taken with a pinch of salt. The theory is relatively simple. When the VIX and Gold Silver ratios get so far out of the normal range, they tend to reverse but slowly over time. This usually leads to a bull run in the GDX and Silver prices if played out similiar to 2008. I would anticipate the Gold and Silver miners and Silver to be a buy in the coming months,...
Expect a rotation out of stocks into gold.
Simply by assessing how long it took in the first phase of the bull market, we can deduce that by the latest 2026 we should have $9,000/oz gold. Usually in the mania phase of a bull market things get exciting much quicker than in the first two phases. So 2026 is a conservative estimate. The level of gains is calculated in percentage terms, from $250 to $1900 is a...
Clear inverse head and shoulders pattern could lead to a breakout in silver, finanly above $20/oz. Leading the way for a bull run in the PM's.
Gold has broken out of some short term consolidation. Past experience shows us that when this happens large moves in the price follows. Movement in the miners confirm this was due. Expect the price to reach $1750/oz by mid summer.
Lots of upside potential for XLM as its uses are made more mainstream when compared to Bitcoin.
Higher or lower? That is the question. With the Fed policy reverting to easing I would assume the lower support line with break and the upper resistance line will hold.
Simple head and shoulders pattern. May lead to a correction in stocks, but too soon to tell. Certainly a correction is coming unless the Fed pumps the market with so much liquidity they are forced to buy the dips!
The GDX ETF is about to break out. Initial target is the high 40 as this is the next resistance level. This also coincides with the 50% fibonacci retracement level. I would expect some consolidation following this target being met, eventually heading higher.
A 12 year downtrend in platinum has just been broken. Initial targets are $1300 per oz and we will then take a view once this has been met.
There could be three pumps in total by the whales. The second pump has just finished and the price is now falling to $5000. If the bottom line support holds, expect another pump by the whales taking Bitcoin back to around $9000 once more until it finally collapses. Just my take.
My prediction for silver is a rally which will last until Spring 2020 where it will hit the early $20's/oz. This is based on the pretty perfect technical breakout we saw a month back, which has now back tested and is preparing for the next leg higher. This is all happened while the gold/silver ratio is weakening quite dramatically relative to gold.
Gold has to break above $1485 in order to proceed higher. Catalysts could be the fed meeting today or the December 15th tariffs going into play. Either way we should see a strong rally following this breakout. Otherwise a breakdown would occur and I think this is less likely based on the buying action over the last couple of months and the increase in tensions...
My quite reasonable sell zone has been highlighted and the DOW is now just entering it. I would recommend caution to all those thinking of investing in stocks at this point in time. There is not much more head height left and lots of room to fall.
Based on previous breakout of downward trendline the potential for huge gains over the next month or so are great. The Meridian conference over the next couple of days will likely provide a huge clue as to the scale of the next move higher.
The current bull run in the dollar could be coming to an end by the latest 2021. By thenwe should see a strong reversal in the DXY as the Fed likely eases to avoid the coming forecast recession. Prepare accordingly by amassing hard assets such as gold, silver and other commodities.