GOLD & SILVER Attempt To Break Higher - Moving Into EEP #3Gold and Silver attempt to break upward, moving away from the larger EPP Phase #2 (consolidation/FLAGGING) setup.
If my research is correct, we'll see a very strong rally setting up in Gold/Silver over the next 2-4+ hours - likely see GOLD rallying up to $2720+ and SILVER rallying up to $32.50-$33.
Get ready. This could be a very strong rally phase targeting new all-time highs over the next 15+ days.
Get Some.
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Preciousmetals
Is silver about to go BONKER!!??Good Day, Fellow traders and followers,
IS SILVER ABOUT TO TO GO BONKERS?!?!?!?
This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!!
First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's actually the handle of the GIANT 40 YEAR cup and handle it has been in. The green lines are the support and resistance areas. Also I have added what seems to be a pattern of 50 bars bottom consolidation that does also happen to resemble a Wyckoff a pattern before a break out.
Lets move on to the indicators
RSI - I have drawn in a support band for the silver RSI. IT really likes the 46, 50 to 55 level before a break out. Going below here is either very bearish or the best buy in bull market.
STOCHASTIC RSI - has had a massive cross recently on which chows momentum coming in to this market.
RSI 3 LINES - WOW!! This looks like a serious power play for silver, ever since the RED line crossed down through the GREEN, it found support on the blue and turned right back up in big way!! Also it look like the BLUE could follow suit very soon which would confirm bullish movement for this asset as all the colors would be aligned.
THE LAZY BEAR - This one is kind of a no brainer. Breaking out above and holding the 0 level usually leads to big moves higher!!
ASO (SENTIMENT) - It looks like there is a 50 bar pattern here and within it could be another 12 bar pattern right before a break out.
Please keep in mid every bar is monthly, so what might seem like a small pattern could be a year long.
I want to add, I do believe there is a fairly substantial move coming to silver. I'm not sure where it would be going to0, however I do know that the last true resistance is at aprox $35 usd Getting above that on a monthly level could or should lead to NEW ALLTIME HIGHS in short order well above $50 usd to possibly $70 to $80 before a correction. Any Correction at that point would be considered a buying opportunity !!
Please like and share this chart to all silver lovers!
Also, any questions or comments are welcome down below!!
Kind Regards,
WeAreSat0shi
Attempting to Time The Next Gold Rally (FPT & EPP Analysis)This video attempts to show you how to use Fibonacci Price Theory (FPT) and the Excess Phase Peak (EPP) patterns to attempt to time/estimate the next big Rally in Gold/Silver.
This is more of an educational video as timing market moves accurately is nearly impossible (IMO).
Some techniques (such as predictive modeling or other types of price pattern analysis) can help us estimate when the markets may make a big move, but they are still only about 55% to 75% accurate in most cases.
I've found the best solution is to more clearly identify price support/resistance using FPT and the EPP pattern to attempt to determine what stage of the EPP pattern price is currently in and how that relates to FPT short-, intermediate-, and long-term price structures.
In my mind, using price as the core element of my analysis eliminates the potential of getting confused by technical indicators and other data.
Price is the ultimate tool when attempting to trade or analyze the charts.
This video is designed to help you understand how to use the two techniques/theories (FPT & EPP) I teach to better understand price setups/trends/opportunities.
Get some.
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Gold (XAUUSD): Trend channel broken amid latest economic dataGold futures ( OANDA:XAUUSD ) have fallen to a two-month low, influenced by a stronger U.S. dollar at a one-year high and Bitcoin’s rise to $90,000, amid a shifting economic narrative highlighted by Donald Trump’s resurgence in the political arena.
This recent drop has prompted us to revise our technical scenario. Losing the trend channel on the chart has triggered our alternative outlook, leading to adjustments in the wave count. While it is theoretically possible that the wave ((4)) hasn’t concluded yet, this seems increasingly unlikely given the current price action and market environment.
Gold’s continued decline coincides with the latest U.S. economic data. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) reports aligned with expectations, but they failed to reinforce hopes of an interest rate cut in January. Higher real yields on U.S. Treasury bonds have made non-yielding assets like Gold less attractive, adding to the bearish momentum.
Looking forward, we are closely monitoring the price reaction to these developments. While the possibility of a short-term rebound exists, the loss of the trend channel is a key bearish signal that could point to further downside. We remain cautious and ready to update our strategy as the situation evolves.
Gold and Silver short-term correctionAs I pointed out in the previous post, Silver and Gold are showing a weakness in their price.
The correction in gold is not far from my expectations, it needed some rest after this crazy marathon in 2024 😁. Also, Silver is going into a deeper correction, which makes the silver stackers and long-term investors of this shiny metal excited. So, I would like to see Silver keep going down and reach below $30 while in the same time it would be nice to see gold is reaching below $2580.
Both Silver and Gold might experience this weakness until the end of November. Then, I would like to see another leg up forming until the end of February.
Barrick Gold (GOLD): Up 33%—Time to Take Profits?What a rise by Barrick Gold since we bought some shares at the end of February 2024. Patience pays off most of the time, and so it has with Barrick Gold. We are now up over 33% with this stock, and we’re very happy with this last-second entry before the stock took off. Gold continues to rise, and Barrick Gold is following suit. However, after every rise, a setback—whether major or minor—will happen sooner or later, and we’re definitely not getting greedy here.
We’re going to take our first profit now and move our stop loss to break even. If we decide to reenter with a second position, we’ll let you know with a new limit.
For now, we’re just enjoying this setup and the profit. Let’s keep this going 🔥
Are Silver Miners Poised to Outperform Gold Miners?Introduction:
At the start of 2024, we were strong advocates for precious metals, and this strategy is paying off. Gold is consistently reaching new all-time highs, while silver is surging to levels not seen in over twelve years, finally capturing public attention. However, during a genuine bull run in precious metals, it's crucial to watch for mining stocks to outperform the spot prices of the metals. The lesser-known secret among gold enthusiasts is that investing in mining stocks often yields higher returns than holding physical metals.
Analysis:
Spot Prices vs. Mining Stocks: While gold and silver spot prices are making impressive gains, the true potential lies in mining stocks. Historically, mining stocks outperform physical metals during strong bull runs because of their leveraged exposure to rising metal prices.
Silver Outperformance: We focus on the potential for silver to outperform gold, especially as silver has been gaining momentum. In this context, it's key to monitor the performance of silver miners (SIL) compared to gold miners (GDX).
Broadening Wedge Pattern: Currently, the ratio between SIL and GDX is forming a broadening wedge pattern. A breakout from this pattern could signal a surge in silver mining stocks, indicating a shift where silver miners may start to outshine their gold counterparts.
Conclusion:
As precious metals continue their strong performance, the focus shifts to mining stocks, where the potential for higher returns lies. A breakout in the SIL-to-GDX ratio could mark the beginning of a new phase, with silver miners taking the lead. Traders and investors should keep a close eye on this ratio as a key indicator of the next big move in the precious metals sector. What are your thoughts on this potential shift? Share your insights below!
Charts: (Include relevant charts showing the SIL-to-GDX ratio, the broadening wedge pattern, and potential breakout targets)
Tags: #Gold #Silver #MiningStocks #PreciousMetals #SIL #GDX #TechnicalAnalysis
Silver a win-winMy positioning
Anyone who's been following me for a while knows I've been quite bullish on silver for the past few years. In fact, I initiated my AMEX:SLV position in early 2021 when it was in the low 20's and then in late 2022 I rotated almost 50% of that position into AMEX:SILJ when it was right around $8. It was mostly dumb luck but I nearly bottom ticked that market and bought within an hour or so of what's become a multi-year low. I've continued to hold these two core long term positions, while also trading around the core positions when short term setups present themselves.
The win-win
Before I get into the chart technicals I want to get into the fundamentals that I think make silver a win-win in the long term. I typically don't use fundamentals when I trade but I don't consider this a typical in-and-out trade. This is more of a long-term hold based on my own fundamental thesis and supported by chart technicals.
The crux of my win-win thesis is that silver will outperform in both a bullish economic outcome and a bearish economic outcome. In the bullish economic scenario, the already voracious global silver demand will continue to increase as solar, AI and EV demand continues to grow. The question at this point isn't if, but how fast. The rate at which silver is being consumed could outstrip production by as much as 200moz by the end of this decade. While I expect scrap and new mining to somewhat fill that gap, it will eventually create a vacuum that only an increase in price will resolve.
In the bearish scenario the globe slips into a severe recession. This would cause industrial use of silver to plummet but safe haven demand for silver to explode. While the demand in the bullish scenario is more gradual, the demand in the bearish silver is explosive and would likely lead to a hockey stick price move.
The most bearish scenario for silver is that the globe goes into a mild recession, where demand for silver drops materially but the large safe haven demand doesn't materialize as it would in a severe recession. In this case silver may tread water and bounce around in range.
The technicals
The silver chart makes just as compelling of a case as the fundamentals. Silver has what Peter Brandt has affectionately referred to as "the mother of all cup and handles". While the 45 year pattern means this could take quite a long time to play out (years...decades?) it still offers a very nice long term potential and clear boundaries to trade within. Within this very large pattern we often see shorter timeframe patterns form that offer both long and short setups. This sets up a nice situation where you can have a long term core position, and then trade around that core position when shorter term setups present themselves, either long or short.
The next few key support and resistance levels I'll be looking to trade around is the $40 level and the $48 level. Beyond that and we'll be into all-time-high territory where I'll trade whatever price action happens to be at that point in time.
Options
Another nice thing about SLV is it gives us options (no pun intended). For a scenario where I'm long term bullish but I think price has rallied too far, too fast and it's looking a little frothy in the short term, rather than closing some of my spot position outright and risk missing out on further rallying another approach is to sell OTM (out-of-the-money) covered calls. Implied volatility would be elevated so you'd likely be getting paid a good premium, and if price does rally up to or beyond your strike price, then you can either choose to hold and let your shares potentially be called away or if your still bullish you can roll the options up and out (up in strike and out in time). You'll collect more premium and move your sell point to a higher price at the cost of taking on more time risk. There are exhaustive resources out there if you're unfamiliar but interested in this type of strategy.
Will Silver Close at the High This Year?In September, we discussed the potential of silver forming a 'Cup & Handle' pattern, similar to what we observed with gold at the end of 2023. We saw how gold performed in 2024.
If the Silver can settle at around here at the end of this year, establishing this formation, we should be able to see the rising trend of the Silver in 2025.
In this tutorial, we will discuss why silver may close higher towards end of the year.
Silver Futures & Options
Ticker: SI
Minimum fluctuation:
0.005 per troy ounce = $25.00
Micro Silver Futures
Ticker: SIL
Minimum fluctuation:
0.005 per troy ounce = $5.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Gold & Silver Struggling To Break Away From Consolidation PhaseI created this video to highlight why I believe Gold & Silver could stay within a very wide consolidation range until after November 7~10 as the US markets enter a SHOCK phase after the elections.
Yes, I believe Gold & Silver will ultimately rally much higher, but my weekend research suggests the US & Global markets will stay in a low liquidity phase for about 7 to 10+ days after the election and I believe THAT is the reason why Gold & Silver will appear TRAPPED in a sideways price range.
Ultimately, we'll see what happens with Gold and Silver and if my research is correct or not. I just wanted to alert traders that Gold/Silver and other metals/miners appear to be trapped in a price anomaly event over the next 10+ days that suggests metals will fall downward, trade within a sideways price range, and attempt to move out of that range after November 11.
Let's see how it plays out.
Get some.
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Gold & Silver Enter Phase #3 of the Excess Phase Peak PatternGet ready. Both Gold & Silver have moved into Phase #3 of the Excess Phase Peak Pattern - suggesting Gold & Silver will consolidate briefly before either attempting to break downward toward an ultimate low or revert higher, trying to take out the recent highs.
I estimate that Gold and Silver will break downward as fear and panic settle into the market ahead of the US elections.
If you've been following my research for the past 4+ weeks, you already know I predicted this move nearly a month ago, and now we are seeing Gold and Silver roll strongly to the downside.
What is interesting is that they both set up excess phase peak patterns. Gold set up a very quick Phase #1 & #2 (flagging) pattern, whereas Silver's #1 & #2 setup took much longer.
I believe Silver is leading the markets a bit right now throughout this Excess Phase Peak pattern.
If my research is correct, Gold and Silver will break downward over the next 4+ days to identify a substantially lower low - the Ultimate low.
After that, Gold and Silver will base/bottom and move into a very strong recovery phase.
Are you ready for market opportunities over the next 5+ years? Follow my research/videos to learn how you can capitalize on these big moves.
Get some.
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Silver (XAGUSD): Anticipating a correction after new local highsTwo out of our three Silver positions remain active, with Silver reaching a remarkable high near $35. Today, we decided to fully close our second position, locking in substantial gains. The first position, initiated at $26.30, will remain open with a stop loss placed slightly below $26, aligning with the high-timeframe support and wave 1 level.
Given current analysis, a correction in Silver may be on the horizon after reaching the minimum target for wave 3. With increased Treasury yields and some profit-taking, Silver could face resistance in climbing further, especially considering the upward trend in yields.
While we cannot predict the exact speed of this potential downturn, if it unfolds as expected, we’ll look to re-enter with Silver certificates around the $30 to $28.30 range. The ideal correction would see a pullback toward the volume range high and a subsequent bounce within the 61.8%-78.6% Fibonacci zone, which we’ll confirm once wave ((a)) is established. Stay patient and focused, as volatility is expected to rise with the upcoming presidential elections.
Platinum Insider Stays in the Game, Anticipating Higher PricesA platinum Insider hasn't changed portfolio yet, so there's still potential for more growth.
Let me remind you, on September 4th, an insider came into the Platinum market and went long, which caused the price of Platinum (and other precious metals) to go up.
Now, prices are getting close to his target levels. This is important because it shows the market's future direction. The Insider know when to get in and when to get out. And we can watch them to see what he is doing.
If you don't have the time or inclination to read stock reports, just follow us. We cover all the important stuff and provide valuable insights every day.
Palladium Setup: Break 1119-1121, Targeting 1900 TP Good morning, trading family.
I see a potentially great trade setup with Palladium. If we break through 1119-1121, there’s a strong chance we could hit 1900. The ROI looks very promising. Set your alerts, manage your risk, and let’s see how this one plays out.
Mindbloome Trading
Trade What You See
Gold's Next Big Move: Analyzing the $2825 Strike and Insider ActLet me start with a disclaimer that I firmly believe in and adhere to: don’t flip the trend; leave that to those who are just here to play around and get their adrenaline fix while watching their accounts explode.
Now, let’s get down to business.
On August 5, 2024, when gold was languishing in a sideways market around $2400 on the CME, an insider option portfolio dubbed the "Call Butterfly" emerged, set to expire on February 25 of the following year. The central strike of this portfolio was chosen at $2825. Due to the nature of such an options portfolio, this specific price level will yield maximum profit at expiration.
To keep the readers engaged and prevent them from dozing off, let me add that the risk-reward ratio for this portfolio is already 1:4. The Insider can choose to close it, but they are under no obligation to do so and can comfortably watch the value of their portfolio rise as it approaches the $2825 mark based on the April futures—don’t confuse this with the spot price of XAU.
Clarifying the Price Dynamics
It's important to clarify that there is a difference between the spot market price, particularly XAU/USD, which forex traders are so accustomed to—thanks to its uninterrupted price movement due to the absence of futures expiration—and the futures price, which includes forward points. Currently, the price of Gold in April futures stands at $2784, just a hop away from the coveted insider portfolio price of $2825.
Why the Confidence in Insider Activity?
Several indicators suggest this is indeed an insider move:
Portfolio Volume: A whopping 9,000 contracts in a distant options series at a far-off strike can only be purchased by a major player, not any average retail trader.
Market Entry Timing : The entry point was during a sideways market, and the news backdrop was, to put it mildly, not in gold's favor.
Immediate Market Reaction: Almost immediately after entering the market, Gold began to climb, doing so with minimal pauses or significant corrections.
Why Bring This Up Now?
You might wonder why I’m highlighting actions that have already occurred, especially since the opportunity to profit from them has passed. The answer is clear: the insider knew when and in which direction to enter, and his exit will likely follow a predictable pattern, leaving traces in the CME reports. If the insider decides to exit, there will be justifiable reasons behind it, which we will only learn about long after the fact.
Starting today, I will actively monitor and analyze the daily reports on gold and specifically this portfolio. Practical experience and statistics suggest that this will provide excellent sentiment regarding the future of the precious metals market.
Good luck to everyone! Stay focused, stay disciplined, and stay committed to your goals.
Gold & Silver Ripping Higher. Should You Be Cautious Of A CrashThis video highlights the recent rally in Gold and Silver and covers some basic information related to the risk of a US/Global market crash event.
Take a minute to try to understand why Gold & Silver are rallying away from the Breakaway phase and into the Expansion phase.
This is a huge opportunity for traders if they understand why Gold and Silver are rallying like they are.
This is not a move of Panic and global market contagion. This move is related to metals being extremely undervalued compared to global market risk factors. Metals must appreciate in order to properly reflect the risks related to the global markets.
Gold may rally well above $5500 and Silver may rally well above $65 before the end of 2026. Are you ready for that move?
Pay attention & Get Some.
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S&P500 vs Gold in 1970sWe’re hearing a lot of talk about how today’s economic environment is similar to the 1970s, and in many ways, that’s true. Back then, we had runaway inflation and monetary shock, just like in the 2020s.
In recent years, we’ve seen two major shocks:
1) First, the inflation spike following the COVID lockdowns and the reckless stimulus packages.
2) Second, the accelerating demand for gold. Central banks started stockpiling gold over a decade ago, but after the U.S. weaponized the dollar in 2022, that trend exploded. It’s not just BRICS nations; countries all over the world are scrambling to increase their gold reserves. No one wants to be left holding the bag when the next currency crisis hits.
If we’re on the verge of Gold regaining its rightful place as the anchor of global financial reserves, the repricing of PreciousMetals is going to be enormous. In fact, it will completely overshadow the returns of stock indices, just like it did in the 1970s. After the Nixon shock, gold skyrocketed, and while the S&P 500 rose in nominal terms, it was obliterated when measured against gold.
Maybe this time the magnitude of this move will be smaller, who knows? What matters is that stock market returns alone are not the ultimate measure of success. What truly counts are the returns relative to real-world-assets.
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4.
Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5.
It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
Metals bull run has legs - Silver is gaining momentum!The gold-to-silver ratio is a key signal—a roadmap, if you will—showing us where we are in the cycle of precious metals. Gold typically takes the lead, but then, like clockwork, silver catches up, and fast. In recent months, we’re seeing that exact shift—silver is gaining momentum.
We’re entering a phase where silver is primed to outperform over the next several months. The first conservative target? $44.3. But here’s the thing—if BRICS nations decide to step in, if they start stacking silver too, I believe we could be looking at a price much, much higher by the time this move plays out. Buckle up—this could be big.