ptero1492

ptero1492 Updated 

Descending channel from GDX inception, and an ascending channel from the lows in 2016. GDX has had a strong close into the end of the week, we may see a breakout that will blow our socks off, or we may be left bagholding.. I will be monitoring this very closely as it seems it is all to play for...

ptero1492

"A doji candlestick forms when a security's open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts. In Japanese, "doji" means blunder or mistake, referring to the rarity of having the open and close price be exactly the same"

ptero1492 Updated 

A Paradigm Shift is underway. Shorter Term chart to follow

ptero1492

Breakout incoming to follow Gold's outperformance

ptero1492 Updated 

LT Wave, Fib, Trend, Support and Resistance. Are we at 2018 bottom again? Gold doesn't have to rocket. It just has to return better than SPX for some time to bounce. Amazing moment.

ptero1492

Following from my Previous Chart, Everything is pointing to a reversal here. This inclining trend will hold and gold will outpace markets into 2028. Good luck.

ptero1492

Added Strikepoint at this slightly risky entry, the base of ascending channel. compressed SMAs: 100Mo SMA (Above, flat) 30Wk SMA (Above, rising, crossing above 100Mo) 30D SMA (Above, Crossing Below Previous, hopefully temporarily). Recently bottomed, the possible second test of the channel before 1400% ascent into late June Peak.

ptero1492

Trapping Silver/TIP ratio between the descending trend, flat 30wk SMA, Inclining 30D SMA. Ascending stoch with no sign of stopping.. The most coiled spring I have seen all day. Honestly surprised at the accuracy of this Arc.

ptero1492

HUI is outpacing Gold, one of my favorite indicators of late. Today's spike through the 30Wk SMA is significant, as you will notice it is similarly launching us south of the yellow volume-heavy zone and breaks the .5 retracement from August. Transitioning from this yellow 'chop zone' into the green summertime 'Peak zone' to a 'double bottom' coinciding with that...

ptero1492 Updated 

My favorite ratio for cutting through the noise is an LT view of Gold/Oz($) : HUI (the Gold Bugs Index). Generally when it rises we gold bugs suffer because the price isn't reflecting our buying habits. That's why I'm looking for the next bottom on this chart sometime in July that might coincide with this broadening wedge... A date that keeps recurring for me is...

ptero1492

Closing tightly in against the 1yr Ma tends to be followed by price opening above the 1yr Ma, which will inevitably open next week outside the descending channel and could be ultimately very positive for the precious metals

ptero1492

Watching the 100 day Ma on silver looking for a down-trend resumption after a test, this may happen before mid April, a longer path may be carved into March 2023!

ptero1492 Updated 

I had drawn up this chart not long ago, with 17.7 as a significant level of resistance where god might begin to outperform and allow it to catch up on the otherwise stellar performance of the DOW in comparison.. No way of knowing but with time! we can see that the it seems over-extended, and that the stoch is turning down. It also might require a re-test of it's...

ptero1492

Medium-term channel regained at the apex of a small pennant. Both the 1 and 10 day MAs are looking positive. Lowest risk entry in a while if you get a back-test of the yellow channel rail. Red trend is strong resistance for now.

ptero1492 Updated 

Bounce off the gap from APR21 2020 as expected. Where we go from here will be very telling. A breach of the medium-term down channel and the .786 retracement level will be necessary for confidence, possibly materializing by end-April (29th).

ptero1492

Hoping for 10y yield to retreat relative to 30y yield, which would usher more strength and stability. Seems contingent on a sub 1.5 10y yield. The falling wedge gives me a lot of hope despite a false breakout near the end of January.

ptero1492

See chart for notes, but while I hope for a resumption of a downtrend to aid in strengthening my precious metals portfolio, I don't know that we will see a turn so easily..

ptero1492 Updated 

10y has been rocketing ahead of the 30y, the brief respite in Markets may be attributed to the 3 day backtest shown here. The case for more pain in broad equities: - The backtest holds around this level. ST rates continue to outperform LT rates killing expectations of economic strength. The case for gains: - The 30y catches up or the 10y falls, and this...