Silver will fall 10% - AGQ will fall 20% for retracement
Updated
A 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite).
Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals.
TTM squeezes normally see price bounce off the opposite end as a fakeout before its continuation. I see that on multiple smaller TF's and a retracement to the middle BB on higher TF's.
I see a huge boost of silver miners coming up shortly, but for now I see a consolidation happening. Options for
AGQ was .05 for $36 June, so I see this going up to $1 or 20x if all goes as planned.
Then time to reload for metals blasting off!
Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals.
TTM squeezes normally see price bounce off the opposite end as a fakeout before its continuation. I see that on multiple smaller TF's and a retracement to the middle BB on higher TF's.
I see a huge boost of silver miners coming up shortly, but for now I see a consolidation happening. Options for
AGQ was .05 for $36 June, so I see this going up to $1 or 20x if all goes as planned.Then time to reload for metals blasting off!
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Silver is almost there, AGQ is already down...
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Will this begin the push down?Note
TTM Squeeze building, two trend lines and the 200 is much lower, looking back there's always a return to the mean. Also look at that selling pressure, I still see a wobble before taking off.
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zerohedge.com/markets/plaza-accord-lite-japan-korea-get-green-light-yellen-fx-interventionWill Korea and Japan's Plaza Accord spur a Chinese devaluation? Yes if they actually do it. It won't work for long as the dollar will come roaring back as everyone defaults from hyperinflation. Ultimately I see 250 for the Yen, the Yuan will be 8-10 by the end of the year. This means that the dollar will lose ground before skyrocketing - which'll boost metals and miners to ATH's. But when the dollar comes back because of some deflationary catalyst and dollar shortage, risk assets will lose value cause no one will have enough dollars.
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Cmon you know you want to puke!
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Alright! Now we'll wait for this to bottom before going long - I will share some multibagger options play when that happens. And as always this is NOT financial advice.Note
Getting closer before lift-off. Slight short opportunity still or a 8-10% loss for AGQ which could be decent for slightly otm put weekly
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twitter.com/GameofTrades_/status/1783511325454532919I wanted it to drop down a little more, but will start building long positions for silver which will skyrocket before possibly taking the rest of the year off, unless a pandemic hits again...
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I'd ideally like to see this happen into tonight and tomorrow before blasting off next week. Will post options plays for potential 20x bagger...
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You can see with volume there was a lot of fighting which means a major move coming. I think you'll see a move down to run some stops, before a bounce
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Target hit!Note
twitter.com/CyclesFan/status/1784158812061983039Cycles show lower is coming for silver
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twitter.com/GoldPredictors/status/1785243659157590203Huge down thrust and then skyrocket to $50
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About to take a huge dump after retracing up to the 200ema!
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MACD shows this show is just getting started and RSI is fallingNote
twitter.com/DonDurrett/status/1785570431753466019$25 is support, when we hit it, I'll give some options plays that should return 1,000%
NOT FINANCIAL ADVICE!
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twitter.com/SilverSurfer_23/status/1786539238399566034Silver will fall outside the bullish falling wedge before take off. The downturn to take it below the wedge could be caused by the next Pandemic h5n1 (see my
GILD thread) before lift-off.Note
Need a wick before it gets slammed down...
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