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Precious_metal

Silver Opportunity of a lifetime! Triple your moneyAs you may know, JPM is buying physical silver and buying silver mines, while shorting Silver on the markets. This is pure abuse of power and manipulation. But anyway this gives us an indication that Silver will one day suddenly boom into $40+ levels, and will never go back down again. It is very near, as markets started to collapse and CoronaVirus is not even near stopping in the near future, disrupting everything including supply chains. www.youtube.com silverseek.com news.goldseek.com
SAXO:XAGUSDLong
by ggg666
Precious Metals Market SummaryGOLD Though 3 days ago the daily close was the highest close since 2013, we stopped the rally. On the 8 hrs chart above it still seems we are just testing back the triangle but as we are on day 18 time is not working for us. Today is day 18. I'm expecting a top on the 25-26th day. That would be on or one day ahead of FOMC. The drop back below the triangle's upper trendline would be bearish. We have ECB rate decision this week what will not help for gold bulls. Any word of Draghi is weakening the euro. SILVER XAGUSD is not showing any kind of weakness despite the strong dollar. It is moving out of the bottom of the range breaking the multi year down trendline. I guess JP Morgan's plan was to made an undercut a below 14$ in May but the rate cut speculations and the Gulf tensions had crossed their plans and silver rallied. XAUXAG ratio seems wants to tag the 200 SMA, so for one or two days silver will outperform. Then gold will rally faster as XAUXAG bounces. Later this summer I think XAUXAG will print a lower low. It means that at the end of this IC silver spike up to 21 $. The last 2 days can be a 1-1,5 $ day. In this hysteria I'm sure you want to be long with an exploding account. Can this precious intermediate cycle top here? Anything is possible in this business but history says even if it's a short intermediate cycle we have weeks to go. So whatever happens most probably we will have one more daily cycle with a higher high. But we are getting close to the second daily cycle top here in the following week. Fundamentals are still in the help of a PM rally here. 1.Tension in the Persian Gulf with the boarding of a british tanker remains high. 2. Traders are waiting for an upcoming interest rate cut by the FED next week : this is extremely bullish for gold, silver, platinum and palladium. (However there is some uncertainty whether the Fed will reduce rates by 0.25% or 0.50% ) The only thing I see is a problem for our precious metal long positions is the Dollar. Unfortunately every country in the world is trying to weaken its currency to help its export and stock markets. The 200 SMA/EMA is holding tight this artificial rally in the dollar. I don't know how far can they hold it above the moving average. The question when the FED will pull out its head from his a*** and say ENOUGH. I think the first rate cut will be the "E" of this ENOUGH word.
OANDA:XAUUSDLong
by chartwatchers
34
SILVER - Monthly Chart, Awaiting BreakoutSilver has been consolidating in this triangle formation for quite some time now. Is it looking for a catalyst to change that? With global markets fearing a correction, history shows us that society reverts to the tangible world as a safe haven. According to the LBMA Precious Metal Forecast, top analyst predict that silver will be the strongest performer of the year, with an average of $17.81 and a high of $23. "Silver is forecast to be the best performing of the four metals. The most bullish forecast is for an average price of $20 and the most bearish $16. But the overall view is that the silver price will end up between the two extremes at $17.81, representing a 4% increase on the average price in the first half of January" www.lbma.org.uk Trade will be activated once a break out of the wedge has close on the monthly time frame. My target is depicted below the first schiff fork channel and just above the 236% fibonacci, at $23. Updates will be given below.
FX_IDC:XAGUSDLong
by marshallblack
Silver: Revision previous analysisThis is a revision of the previous analysis that I did on Silver. Let me start off by making clear that I am still very much a bull on Silver. The price action looks very impulsive since the start of this year and does not really fit in the price action of the multi year bear market before that point in time. Therefore I revised the wave count to give you some idea of where we are heading in the bigger picture. Note that a sharp second wave correction is nothing unusual at the beginning of a strong bull market evolving. Everything will depend on whether or not Silver comes back roaring after this correction. It should, because third waves are very impulsive and violent moves. The correction should end somewhere this week, so it will not be long until we know where this market wants to go.
FX_IDC:XAGUSDLong
by Al3x
Silver update: Final E leg reaching an endSilver seems to be in the final E leg of that 4th wave triangle pattern (ABCDE). I take the surge we saw this Friday to be a B inside an ABC correction. The final C leg can go as low as $18,50, but I do not think it will go that low. Note that the orange in the chart constitutes the highest scale, followed by white and green. Settling above the $20 mark is a strong sign that the correction is likely over and I would assume it to be a signal that the bull is alive and well.
FX_IDC:XAGUSDLong
by Al3x
Silver price update: Possibly breakout imminentThis is an update on my Silver price analysis that I published about two weeks ago. It appears we have finished the D leg and are now tracing the E leg of a giant ABCDE corrective pattern. Note that this is very bullish for Silver as it is a counter trend pattern. Silver has shown some very bullish moves from the start of this year and I think it is far from over. The E leg could go down to as far as 18,60, but I assume it is not going that far to be honest. The trend line I drew plays a very meaningful role and I think it is likely that Silver will hold there. Of course a spike below the trend line is all fair gain, however it seems to me unlikely to close below it.
FX_IDC:XAGUSDLong
by Al3x
Gold price analysis: End of correction near!Gold has been in a very strong bull trend since the start of 2016. I have zero reason to believe this trend is changing any time soon. We could be looking at the end of an ABCDE correction; which means the final E leg is already behind us. In that case the E leg ended where the C leg ended in this technical picture. However, if gold keeps going sideways to slightly down (to around 1.320) for the coming two weeks this will likely constitute the E leg. Please note that 1.300 is a very critical support level and should not be broken.
FX_IDC:XAUUSDLong
by Al3x
Gold – Sideways action likelyGold’s recovery from the low of $1329 followed by a move back above the daily rising trend line suggests the retreat from monthly highs has ended, but reckon further gains may be hard to come today, given the hourly money flow index has turned lower from 80.00 levels. On the higher, trend line drawn from July highs to Aug highs comes around $1364 needs to be breached for further sustainable gains to $1380-1400 levels. On the other hand, a break below $1329 (recent low) would open doors for a test of $1310-1300 levels.
FX:XAUUSD
by TipTVFinance