I'm very bullish on GOLD and SILVER for 2020 and beyond, but first the price is about to move down. Dollar is going to get stronger, despite QE4. Price target ranges are the orange boxes. A price of $1100 would be an amazing buying opportunity. From there - see my previous analysis with a price target of $3k
In a year that will likely be mired with rate cuts, QE, and rising budget deficits - expect gold to continue its 2019 breakout. Fibonacci, trendline, and XAUJPY calculations give us a target range of 1711-1823 in the price of gold. In achieving this target we expect silver to catch up at least to the low 20's. This move looks highly likely in 2020 and will...
Spanish mountain has very little debt and is highly leveraged to the price of silver. Very little downside here, tons of mid & long-term upside potential. Intrinsically undervalued company & assets. They're sitting on a literal mountain of silver trading well below their 2016 peak. Conservatively I see SPA / SPAZF increasing 150% in 2020. All this requires is...
Guess what else went Parabolic in Dec 2017, its called Bitcoin. Whenever something beats the Technical Indicators & increases continuously with no correction what so ever, "IT IS NOT GOING TO END WELL". SPX, DJI, NASDAQ --> I'm Out. Time to book profits or else? Stay Greedy & lose everything. Wait for the downturn & ride the Wave with SHORTS :D
Short Analysis on GDX/Gold in 3 bullet points; Series on Commodities and the 2020 outlook - 21st of December 19' Before I get into the analysis, wishing you all Happy holidays! Here's the simpler version of the chart: 1. Few key takeaways: Despite that the current resistance at ~31 is holding , the breakout in GDX is eminent . The question is of the timing ....
pick your catalyst elections, trade war, debt, greed, QE4, no rate cut December, Gann 90 year cycle from 1929, technical analysis, gravity this thing will fall hard and fast