The case for QUAD-digit silverIs it so difficult to imagine silver going 10x over the next 3-4 years? That would put the price over 290 per oz. What about a 30-40x move to over 1000 per oz? I can make an easy case for triple & quadruple digit silver over the next decade just by looking at the silver : M2 money supply. The creation of our currency = inflation. While this inflation (expansion) tends to go into financial assets first, it will catch up with the real economy in time. I believe deflation is temporary and the lag that we're witnessing is similar to the count down before a rocket takes off. Take a look at the Federal Reserve's balance sheet. We have a problem and it's going to catch up with us quickly. Look at the chart below of SILVER:M2 to understand where silver price is in relation to M2 money supply and how historically cheap silver actually still is..
NUGT
Widen Your GazeProviding an update to our previous trade setup for Gold that outlined a potential Bearish Head and Shoulders setting off a fractal chain reaction of selling pressure. That scenario has played out as we predicted and we expect selling pressure to remain intact for the near term. We expect the bearish momentum to continue until we reach previous highs around the 1920's.
Never trade a pattern before it has completed and aways hedge your positions as appropriate.
GOLD REVERSAL WITH FRACTAL H&SHere is a multi-timeframe fractal analysis for Gold priced in USD. Looks can be deceiving but it appears a head and shoulders pattern has formed signaling a short term price reversal in the yellow metal. This pattern has potential to set off a chain reaction of bearish chart patterns and downward price movement. Use stop loss as appropriate as these are irrational markets and volitility could spike at any moment.
To validate, looking at the DXY, the chart seems to show the opposite with a double bottom reversal pattern beginning bullish series of movements.
Good Luck Traders!
GOLD ascending triangle$gld $gdx $nugt $dust $jdst $jnug $gdxj $slv $sil
I'm bullish on gold no matter what technical patterns are at play. This is an interesting pattern I've not spotted until the last few months. Looks like a legitimate ascending triangle and measured breakout. Will it break above and never look back or will it correct and land on top to test the triangle? Doesn't matter to me. Either you hold it or you don't.
It has begun...It appears the path has been chosen. Bears may have a chance at the primary trend, but bulls look very very strong. A new all time high is in the cards for the summer season. Technically it should arrive in about 6 weeks.
Sept 1st prediction
AXUUSD 1900
GDX 52
GDXJ 66
XAGUSD this wild beast has broken free today. Who knows where he will fly to...
GULD free monies... inverse head and shoulders on 4hr(note: if the trade analysis brings you some jingle, consider tossing a Hamilton or Andrew Jackson in the collection pail . i'll take it as an offering: im looking to crankup a DOOMSDAY PARTY i got planned down in Texas, and your offering will not go unnoticed spiritually)
Greetings investors, traders, speculators, technicians.
im looking to throw out another bone with MASSIVE MEAT on it like previous trades: GULD, SILVER , OIL , etc. (that OIL trade what a SPECTACULAR TRADE...)
NOTE:
yes, we know there is no 100% guarantees, BUTTA when the price action on the chart just comes out and speaks to you, and tells you to tek da monies, TEK DA MONIES...
as we wait on DOW DJI to close CME GAP at ~ 27000 and potentially dump there after, GULD is looking to bump up to recent HIGHS... a decently strong inverse head and shoulders is being printed on 4hr... get on some leveraged GULD and SILVA , since we know SILVA will also run with its brudder... NUGT/ JNUG AND USLV to boot. of course we are looking at technicals, but this price action is founded HEAVY in macro economics, so we may just decide to punch through recent highs and go into next resistance areas higher up on chart... will add resistance points later, but we were just looking at getting this out in a timely fashion, even though the paint was sufficiently dry in yesterdays session.
GET READY, GET SET, gOOOOOOOO
Golden Title MatchThe Spring season ends within a few weeks. Golden bulls and bears are about to go head to head for season champion.
Bulls will surely win next season, but this season is still close. Bears have a chance for a final round comeback.
Bulls will try to go for the kill this week with a break out of H(1) wedge, while bears try to extend the match to the larger H(4) wedge.
I think the match will not be decided until the end of the month.
Bearish on Africa Gold minerWhy the Bearish on Gold miner?
Africa is shut Down for 14 days!, all mining activity shutdown!
Most Africa based miners are DOWN!!
Pending follow up with more EURO shutdowns.
sooo?
SOOOOO, This company is up because Gold is UP, Please buy it because they think it's GOLD!
EVEN So, people only buy gold due to fear of recession bets and fear of the weak dollar.
But guess what? GOld will crash if we have a flash crash anyways!!!
that means, we will win, if market crashes hardcore, and we would win if market continues to rally up and cancels recession fear.
Win WIN
AU- Short Shares
IDEAL on Short entry - $24.50
Buy to cover $16.23
buy to cover Trailing stop $4