[FONT="]Well, after a bit of sideways/downside price rotation, precious metals and miners have really started to rally higher. SILJ is up over 11% yesterday – which is exactly what we wanted to see happen.[/FONT]
[FONT="]Our targets for SILJ are $20.25 and $25.00. These are bigger target levels considering the recent price rotation – so be prepared to start protecting profits when SILJ gets above $18.00. In our opinion, if the current post-election chaos continues throughout the end of 2020, precious metals and miners should continue to rally as fear and uncertainty become very real issues for investors and traders.[/FONT]
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[FONT="]Our targets for SILJ are $20.25 and $25.00. These are bigger target levels considering the recent price rotation – so be prepared to start protecting profits when SILJ gets above $18.00. In our opinion, if the current post-election chaos continues throughout the end of 2020, precious metals and miners should continue to rally as fear and uncertainty become very real issues for investors and traders.[/FONT]
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I swear the silver market is manipulated. Getting pissed.
What is up with that huge dump of gold? Silver followed right behind.
Seems like it is not a level playing field. Should just go back to buying Apple and other big name low risk stocks. God forbid you look at the market and try to predict a winner. There is zero chance the demand for silver is not increasing but somehow the price is going down? UGH.
Efforts would be better spent just putting all of my investments in a mutual fund and let someone else try to figure it out. Just go play golf and blame them when they are wrong.
What is up with that huge dump of gold? Silver followed right behind.
Seems like it is not a level playing field. Should just go back to buying Apple and other big name low risk stocks. God forbid you look at the market and try to predict a winner. There is zero chance the demand for silver is not increasing but somehow the price is going down? UGH.
Efforts would be better spent just putting all of my investments in a mutual fund and let someone else try to figure it out. Just go play golf and blame them when they are wrong.
the precious metals markets r manipulated, imo.
yesterday, a SUNDAY. a $4 billion contract on gold was sold off. Some speculation its the chinese
slv, gld are TWO-STANDARD deviations out of normal price action on the daily ( and slv on the weekly!! u simply rarely see this- the last time? start of covid shitshow a yr ago). In outlier territory which sometimes can lead to a stark rebound, cool for a quick trade. The metals tend to fill their gaps - both gld and slv have gapped down TWICE on the daily On the weekly, (higher time frame), it gapped down , a gap to fill--- very high probability will be filled esp on the higher time frames . Various wasy to play this givin comfort zone, risk tolerance, be it options or simply buy it
gld has risk to $159 zone, which isnt far from here. I'd be surprised if it lost it, they may break it to tkae out stops but bring her back
slv has risk to $20.75-$21 ish, again i'd be surprised if it lost it, BUT if it does? geez risk to $18
GLD chart
guys click candlestick, click 1W (hit scroll down button), then hit widescreen, click candestick if it aint on it already-- look at the zone of support its at.-- FIVE TIMES tested since april 2020 (gotta hold), if that candle can gain a bit more before 4pm friday? damn, would be cool, hammer pattern off a support zone AND the higher time frame
https://ca.investing.com/commodities/gold-streaming-chart
yesterday, a SUNDAY. a $4 billion contract on gold was sold off. Some speculation its the chinese
slv, gld are TWO-STANDARD deviations out of normal price action on the daily ( and slv on the weekly!! u simply rarely see this- the last time? start of covid shitshow a yr ago). In outlier territory which sometimes can lead to a stark rebound, cool for a quick trade. The metals tend to fill their gaps - both gld and slv have gapped down TWICE on the daily On the weekly, (higher time frame), it gapped down , a gap to fill--- very high probability will be filled esp on the higher time frames . Various wasy to play this givin comfort zone, risk tolerance, be it options or simply buy it
gld has risk to $159 zone, which isnt far from here. I'd be surprised if it lost it, they may break it to tkae out stops but bring her back
slv has risk to $20.75-$21 ish, again i'd be surprised if it lost it, BUT if it does? geez risk to $18
GLD chart
guys click candlestick, click 1W (hit scroll down button), then hit widescreen, click candestick if it aint on it already-- look at the zone of support its at.-- FIVE TIMES tested since april 2020 (gotta hold), if that candle can gain a bit more before 4pm friday? damn, would be cool, hammer pattern off a support zone AND the higher time frame
https://ca.investing.com/commodities/gold-streaming-chart
NEED this chart to NOT break the top of the box
USD
https://www.investing.com/currencies/us-dollar-index-streaming-chart
click 1W (weekly), widescreen
cmon Powell, dont go crazy brah. Jackson Hole late aug i believe it is
https://www.kansascityfed.org/research/jackson-hole-economic-symposium/
USD
https://www.investing.com/currencies/us-dollar-index-streaming-chart
click 1W (weekly), widescreen
cmon Powell, dont go crazy brah. Jackson Hole late aug i believe it is
https://www.kansascityfed.org/research/jackson-hole-economic-symposium/
so obviously not getting filled on put sell order two days ago was fortuitous. Looking like the metals need time to base, no sharp rebound. GLD's chart is way better than SLV. GLD is actually forming a hammer pattern on the weekly. I have 1/3 postions in gdx, and today took a 1/3 position in slv.
SLV
1 yr daily
selling obviously wasnt done as it gapped down today, late buyers to put a tail on that candle , im in.
this chart is obviously a bit dangerous , and again risk to $20.75-$21 as noted a few posts above. Range bound for the last 12 mths ; top of the box $26.50 , bottom of the box $20.50. We are close to the botom of the box . 20%+ upside target to fill the large gap, at minimum $23.30ish... a loss of $20.50 ish means a loss of the bottom of the box-- that's a 911 phone call
seasonality , full throttle printing presses favor the bottom of the box holding
here's SLV's weekly chart
we see the importance of holding the bottom of the box clearer here
SLV
1 yr daily
selling obviously wasnt done as it gapped down today, late buyers to put a tail on that candle , im in.
this chart is obviously a bit dangerous , and again risk to $20.75-$21 as noted a few posts above. Range bound for the last 12 mths ; top of the box $26.50 , bottom of the box $20.50. We are close to the botom of the box . 20%+ upside target to fill the large gap, at minimum $23.30ish... a loss of $20.50 ish means a loss of the bottom of the box-- that's a 911 phone call
seasonality , full throttle printing presses favor the bottom of the box holding
here's SLV's weekly chart
we see the importance of holding the bottom of the box clearer here
the thesis was based on : seasonality (posted the chart fro the metals ) and Powell keeping the printing presses going HARD,lol Looking back, actually ;
'this chart is obviously a bit dangerous , and again risk to $20.75-$21 as noted a few posts above. Range bound for the last 12 mths ; top of the box $26.50 , bottom of the box $20.50. We are close to the botom of the box . 20%+ upside target to fill the large gap, at minimum $23.30ish... a loss of $20.50 ish means a loss of the bottom of the box-- that's a 911 phone call
seasonality , full throttle printing presses favor the bottom of the box holding'
$20.50 was indeed tested, thankfully held. Hot CPI number,........ super hot.....how hot? hotest in over 30 yrs......buckle up
'this chart is obviously a bit dangerous , and again risk to $20.75-$21 as noted a few posts above. Range bound for the last 12 mths ; top of the box $26.50 , bottom of the box $20.50. We are close to the botom of the box . 20%+ upside target to fill the large gap, at minimum $23.30ish... a loss of $20.50 ish means a loss of the bottom of the box-- that's a 911 phone call
seasonality , full throttle printing presses favor the bottom of the box holding'
$20.50 was indeed tested, thankfully held. Hot CPI number,........ super hot.....how hot? hotest in over 30 yrs......buckle up
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Ricboffthe thesis was based on : seasonality (posted the chart fro the metals ) and Powell keeping the printing presses going HARD,lol Looking back, actually ;
'this chart is obviously a bit dangerous , and again risk to $20.75-$21 as noted a few posts above. Range bound for the last 12 mths ; top of the box $26.50 , bottom of the box $20.50. We are close to the botom of the box . 20%+ upside target to fill the large gap, at minimum $23.30ish... a loss of $20.50 ish means a loss of the bottom of the box-- that's a 911 phone call
seasonality , full throttle printing presses favor the bottom of the box holding'
$20.50 was indeed tested, thankfully held. Hot CPI number,........ super hot.....how hot? hotest in over 30 yrs......buckle up
Why not forgo Silver and Gold or other metals and jump into Crypto.
LINK as example a much better play IMO…along with ETH and even BTC.
Granted your Silver much more stable but 25 yrs now I cannot tell you the # of people trying to sell me Silver play and 25+ now I’m sure as hell glad I didn’t buy.
Just me but if I’m gambling with a portion of my portfolio it isn’t on Silver. Or Gold. Rather take chance on what clearly is our new Tech world and the world of Crypto.
Good luck on Silver.
thnks vinny. To be clear i dont invest in metals, or cyptos for that matter. I'll trade them. This is an extended swing trade i do it pretty much every yr based on silver/gold seasonality (Nov/Dec/Jan). Came to the bottom of the box (short of it actually when i entered ) so took the trade, much earlier than its favoring seasonality timeframe. (gdx/slv)
I like BTC, dont follow any other coins just not my thing. I dont like BTC with its current chart presentation, have no position
..waiting...
BITO is an etf for BTC on the USA exchanges for anyone not aware.
gl vinny
I like BTC, dont follow any other coins just not my thing. I dont like BTC with its current chart presentation, have no position
..waiting...
BITO is an etf for BTC on the USA exchanges for anyone not aware.
gl vinny
