I don't know how many of you speculate on the Gold/ Silver ratio but I do. And I have come across an interesting pattern in 2008 during the Subprime Mortgage Crises that may be repeated now during the COVID crisis.
As you see on the chart, the LMACD is the key indicator on it, and it has topped at 0.069. At the same time the price action is very similar with 2008...
Hello traders,
The Gold market is set to remain relatively elevated as the SPX is poised for continued volatility over the next 3 or so weeks before the equity market runs to test 3390 and create new ATHs over the Summer months (i.e. the SPX will probably be at 3400+ by near the start of August).
For now, Gold will likely trick investors into 'thinking' a...
Hello traders,
Gold has been consolidating in a range for quite a while and this is part of a larger high-top reversal pattern that will likely last until about the 3rd or so week of July. During this time, it is certainly possible for Gold to re-test 1750 or 1760 or even touch the 1780s. However, in the broader picture, there is a very low chance Gold spot...
SILVER MINERS FORMED A HIGHER LOW FROM THE 2016 BOTTOM AND IN 2016 FORMED A HIGHER HIGH FROM THE 2014 BEAR MARKET RALLY!
SILVER TOOK OUT THE 2016 BOTTOM, FORMING A LOWER LOW, AND FAILED TO FORM A HIGHER HIGH IN 2016!
THIS SIGNALS THAT MINER INVESTOR DEMAND CORRESPONDS TO AN IMMINENT SILVER BULL MARKET!
In August 2011, gold was at $1,900 with 20MA volume of 2,200,000. If you divide the volume by the price, you get a number, 1160. 1160 can serve as the sentiment factor.
In Dec 2020, people will have ample time to determine that the dollar is crashing and that the only safe-haven is gold. The 20MA volume in Dec 2020 will be about 20,000,000. Divided by 1160 ,...
Healthy Upleg and Bullish RSI.
This stock is a great way to play the bull silver market.
It is a cult stock, with famous and great management.
This is the largest silver producer (operations mainly in Mexico) with long term reserves.
Great long term play.
Not cheap but marginal when looking at the current silver price...
Cameco Corporation (CCJ) is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan.
In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.
Uranium is at a 5 year record high for April 2020 & May 2020.
Daily & Weekly charts look good.
Daily Chart
PMO is turning up, Bullish
MACD is...
I think sentiment quality will change so rapidly, that gold will reach $9200 before the end of the year.
August 2011 20MA volume was 2.2 million, and gold was $1900.
The ratio of those is 1160.
April 2020 volume was 10.6 million.
Divide 10.6 million by 1160 = $9206
2011 sentiment level, as expressed as "1160", applied to today's volumes will push gold to...
The first couple years is when in 2009-2011 precious metal mining stocks far outperformed the gold and silver underlying physical. But if you did not time the market well and exit at the top with the bearish divergences, you got wiped out as the mining stocks tend to tank 90-98% during the subsequent bear market.
I believe we are starting the precious metals bull...
Gold creating moves to push higher holding a line of momentum to the upside. Could see a consolidation to the right to test the inner lower trend line rather than a test back into below consolidation
XAU:
Silver has given it a red hot nudge to the upside sitting within the 75% region of the upward channel. Note it has created a new outer trend line. For...
You've seen the news lately, the Federal Reserve has taken unprecedented actions BEFORE a recession has even hit. The Fed has already cut rates 3-times and restarted their Quantitative Easing, although not officially calling it that.
Predictions and Possibilities for 2020:
2008 Style Recession.
Dollar Run.
Debt Bubble Pop.
We can not sit and say...
This shows the Quotient of the Dow Index versus Ounces of Precious Metals
Gold, Silver, Platin, Palladium
Ir shows whether metals are cheap or expensive compared to the Dow Index.
Low values mean: buy that metal, since it is cheap compared to
High values mean: sell that metal, since it is expensive compared to stocks
This is the game that the rich and wealthy...
key daily/4H resistance has been broken on silver.
we see a 4H candle close above the 17.55 level and the breakout is considered to be confirmed.
now we can anticipate a bullish continuation.
next goals for buyers are:
18.0
18.3
