ptero1492

ptero1492 Updated 

Previously caught the breakout, nailed the 100% gain, will push for another 50% to top of the channel. REE and Uranium producer, good LT hold as well for green energy/commodity boom.

ptero1492 Updated 

GOLD/TIP ratio has taken some noise out of the ver emotional Gold chart, zooming out a little to 3d we can start to look a little more rationally. The chart speaks for itself, I have raised some cash in the hopes of repositioning on more silver over gold (though gold is the barometer for the wider PM market). I will look to scale in over a few weeks where...

ptero1492 Updated 

Long into the end of March, expecting a vacuum to test the longer-term gap, outlined in orange (base @CAD1.9) before re-test and resumption in late August. Dates determined from COPX window, outlined in a previous post. Constructive criticism welcomed.

ptero1492 Updated 

A break of the inclining support originating from Jan 2016 may trigger some selling pressure as it would complete a Head and Shoulders pattern. This may be an inverse expression to the IHS forming on the DXY. I'm about 70/30 convinced of this right now. The attached link makes a strong dollar case. The average distance from head to neck results in a projected...

ptero1492 Updated 

Just an Idea and time frame I'm following. Just a guy on the internet, See you all in March! Short Term DXY 94+ Gold 1690+ Silver 21+ GDX to Lead Downward SPY?? NDQ??? Long Term DXY below 80 Silver 50+ GDX 45+ GOLD 2800+

ptero1492 Updated 

The markets are irrational and disconnected, that said, this performance is just astounding. I'm not sure where we go in February, but I've raised cash until we find out. Two pink triangles show my ST targets for Q1/Q2, nothing but dramatics either way. If this was any other chart and time I would be expecting a drop-off. I'm 50/50 here though.

ptero1492 Updated 

AUD on the rise with commodities turning up in a new green economy. Uranium is going to shine. The path is altered from the last time PDN broke through the equivalent fib channel levels, remarkably similar trajectory, so I just altered the pullbacks to better respect these levels as we are breaking out at a slightly higher price level. I expect this to be one of...

ptero1492

The Gold/Silver ratio (GSR) tracks the relative performance of Gold over Silver, i.e. a breakdown of the chart indicates a stronger Silver performance relative to Gold. In this chart I present a decision time for the GSR, where in the lower pane, in the past we can see a cross-over of the dollar strength (DXY) relative to sugar futures (SB1!) has been an...

ptero1492 Updated 

Provided DXY can clear the inclined resistance, we will see a re-visitation of the 93-94 level, with real consequences across the board for commodities. Continuation of a bearish downtrend should resume if this plays out into February, with a deciding point potentially playing out into August. Fundamentally I expect a year of spending/money printing to weaken...

ptero1492 Updated 

This should hopefully serve as a continuation to my previous 'bearish' gold chart. I am long term bullish, but expect a DXY bounce out of oblivion to put commodities in general under pressure. I think once our long-term EMA is crossed we may expect another chop around below that level into July/August. Gold base should form around 1660/1680, highs will come...

ptero1492

Monthly chart removes noise, we could breach the arch to form a handleultimately connecting with the 36mo/3yr EMA, or continue to hug the arch, either is bullish. The overall picture for gold remains bullish. Zoom out. Chill out.

ptero1492

Fundamentals for Gold are still good, a pop in DXY can push sentiment through the floor and allow for others to load up. Any downside still a buying opp IMHO. Overall still bullish into March/April.

ptero1492 Updated 

Dems won Georgia, Upside resumes with 1992 by tomorrow.

ptero1492

Miners (COPX) rising daily channel (blue) tops out the Monthly (Grey), coinciding with fib levels (previously respected). The window shown in purple is the current max price target and timeframe for summer volatility, where an intermediate decline is expected before resumption in the fall after the window closes. This timing thesis is my personal favorite...

ptero1492 Updated 

Confluence of daily, monthly and hourly channels carve out the possible window (Red Vertical) for volatility into Georgia senate runoffs in January (5th). Where original daily channel topping trajectory may be resumed with a likely re-test of 1900 before resumption. Happy holidays!