I was not always a bear... but my arms are tired of holding these Silver Bags for over a decade. I am still bullish! In the long long term ( ; I am still holding a longterm SILJ short position ( see previous post ) but the immediate future is not clear. Will we get an explosive rally leading up to... during... or after the FOMC? I would not bet on it. The...
Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022. However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the...
Gold looks to have formed a double bottom potentially. The bullish butterfly harmonic, significant volume spike, and momentum indicators climbing create a potentially appealing setup. There is of course one major caveat--a blow out employment roll print tomorrow could spike nominal yields (dragging real yields higher with them) which would put pressure on gold...
Gold is currently sitting @ support levels on two different trend lines on the daily chart, as well as a down fib extension with a high % of trend reversal to the upside. If it bounces here I'll be looking for an entry on the re-test and confirmation.
Long gold from Fed Interest Rate Decision. Be careful, high volatility. Very high risk.
Resistance held twice and gold has resumed its uptrend. It is in a clear bull flag since August of 2020. The next move will likely be faster than people expect. I lean bullish. Target: 1850 Timeframe: Mid April - Mid May This is not financial advice.
$GC_F: the Point of Control since 3/23 (which was the bottom for $ES_F) has been a key pivot for five weeks. As long as it holds, the bulls are in charge. Swing lows as $1,680 provide secondary support. Fundamentals remain massively bullish.