Silver / U.S. DollarShort
Silver looks like it could take another 10% haircut before 🚀
Updated
"That's a HUUUUGE wick" - Deuce Bigalow
Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall.
Exo-political situation that's escalating is the USDJPY - and the BOJ is taking it's good ole time with correcting its currency. When they dump treasuries I anticipate a vertical trajectory of precious metals AND miners. When that happens (not IF) that will over-ride any PA - so it might be wise to start building longer positions i.e. OTM call options slated for July expiration (
AGQ).
Since all Central Banks are reactionary in nature, the FED will wait till something breaks in the bond/treasury market but that can't happen until the BOJ dumps treasuries. And that can't happen until the dollar's ascent forces them to do this. So I see a higher dollar still, which will reflect the blunting of precious metals.
Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall.
Exo-political situation that's escalating is the USDJPY - and the BOJ is taking it's good ole time with correcting its currency. When they dump treasuries I anticipate a vertical trajectory of precious metals AND miners. When that happens (not IF) that will over-ride any PA - so it might be wise to start building longer positions i.e. OTM call options slated for July expiration (
AGQ).Since all Central Banks are reactionary in nature, the FED will wait till something breaks in the bond/treasury market but that can't happen until the BOJ dumps treasuries. And that can't happen until the dollar's ascent forces them to do this. So I see a higher dollar still, which will reflect the blunting of precious metals.
Note
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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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You know you want to drop more...
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