It's clear Gold and Silver, and gold and silver miners have reached a long term bottom at the recent lows. It's smart to enter long positions on dips if you're not yet long.
Inflation numbers have been the highest in a long time, election fears cause instability in equities, SKEW has been falling as asset prices tank, and investors have been buying call options, judging by rising VIX numbers since the market toppped. This indicates sentiment has turned bullish, at the top. Weekly time at mode signals indicated
SPY had a 13 week decline ahead of it, and long term charts indicate the market may remain sideways/down until the 2nd half of 2019.
Add to this the data from the Commitment of traders report, where silver commercial hedgers turned net long for the first time in ages, after gold bottomed, and commercials also covered shorts and went net long previously in the yellow metal too...
Best of luck,
Ivan Labrie.
Disclaimer: I hold long positions in Gold, GDXJ, TLT, EURUSD and looking to enter longs in Silver as well.
Inflation numbers have been the highest in a long time, election fears cause instability in equities, SKEW has been falling as asset prices tank, and investors have been buying call options, judging by rising VIX numbers since the market toppped. This indicates sentiment has turned bullish, at the top. Weekly time at mode signals indicated
SPY had a 13 week decline ahead of it, and long term charts indicate the market may remain sideways/down until the 2nd half of 2019.Add to this the data from the Commitment of traders report, where silver commercial hedgers turned net long for the first time in ages, after gold bottomed, and commercials also covered shorts and went net long previously in the yellow metal too...
Best of luck,
Ivan Labrie.
Disclaimer: I hold long positions in Gold, GDXJ, TLT, EURUSD and looking to enter longs in Silver as well.
Trade active
Bot the dip at 14.442-14.5.Banked partially, but holding the rest with a wide stop.
Note
#XAGUSD is trending up, has a few days to reach my target, but either way, it's heavily accumulated and poised to rally further from here over time. Patience...Hodl Note
#XAGUSD triggered my buy stop, trend signal active: Note
Note
#XAGUSD held support, we had a nice trade, but now need to wait to add once again. Simply hold and wait... 
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🔒Want to dive deeper? Check out my paid services below🔒
linktr.ee/ivanlabrie
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.