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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. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:SI1!Short
by BradMatheny
SILVER SHORT via AG (WORST RUN MINER IN THE GAME) FUNDAMENTAL - Price of Silver aside, AG is an incredibly poorly run miner. From mass share dilution to disastrous acquisitions I can not think of a more poorly run company. The stock price speaks for itself... sitting near the lows of the year despite silver at recent highs. SILVER - Silver has been behaving very weak in relation to Gold. Unless we break out above 31.50-32.50 I see Silver continuing to be range bound at best. There are many reasons for this. Mainly indications from strong correlations that I will not mention (secret sauce). TECHNICALS - The price is at a solid supply level (6.20) and has already began dramatic impulses to the downside at any hint of Silver rolling over. In addition we have divergence on the RSI. DISCLAMER: No Neumeyers were hurt in the making of this post
NYSE:AGShort
by TheSilverOracle
Silver is about to blast off for 3 weeks! (OPTIONS PLAY INSIDE) Livermore Accumulation Pattern is playing out, low is tomorrow till Wednesday, high will be July expiration to possibly end of July. Please check out my previous threads on AMEX:SILJ and NASDAQ:QQQ to see a repeating fractal that the market has been on since COVID. Right now buy calls for $35 for July for $1-$2 and you're return will be 50-75-156x returns!! NFA ;-) Then there will be a plummet in silver, and it'll ride back up to tag $50 before EOY.
AMEX:SLVLong
by EmptyEternity
14
Silver Miners pop, down and then launchI feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).
AMEX:SILJLong
by EmptyEternity
6
Silver is in short term consolidation before breaking $30It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after options expiration date. I see a smaller consolidation week in May before going even higher. I HIGHLY recommend Silver Miners right now. They saw some life this week and last - and since they usually lag, I can see them being down for the next two weeks before going up themselves. I like AMEX:SIL , AMEX:SILJ , and NUGT for indices, and NYSE:NEM for the best miner in the world for one simple reason - AMERICA will be the LAST country to nationalize their natural resources in a communistic reaction to the skyrocketing dollar. I expect that to happen starting next year.
AMEX:SLVLong
by EmptyEternity
1
Silver will fall 10% - AGQ will fall 20% for retracementA 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off the opposite end as a fakeout before its continuation. I see that on multiple smaller TF's and a retracement to the middle BB on higher TF's. I see a huge boost of silver miners coming up shortly, but for now I see a consolidation happening. Options for AMEX:AGQ was .05 for $36 June, so I see this going up to $1 or 20x if all goes as planned. Then time to reload for metals blasting off!
AMEX:AGQShort
by EmptyEternity
9
Silver looks like it could take another 10% haircut before 🚀"That's a HUUUUGE wick" - Deuce Bigalow Not uncommon for PA to come back down to touch the 20ema - which intersects a big trendline AND illustrates a backtest to the broken downward trendline. I anticipate this move happening fast, and could be combined with a minor market drop overall. Exo-political situation that's escalating is the USDJPY - and the BOJ is taking it's good ole time with correcting its currency. When they dump treasuries I anticipate a vertical trajectory of precious metals AND miners. When that happens (not IF) that will over-ride any PA - so it might be wise to start building longer positions i.e. OTM call options slated for July expiration ( AMEX:AGQ ). Since all Central Banks are reactionary in nature, the FED will wait till something breaks in the bond/treasury market but that can't happen until the BOJ dumps treasuries. And that can't happen until the dollar's ascent forces them to do this. So I see a higher dollar still, which will reflect the blunting of precious metals.
FXOPEN:XAGUSDShort
by EmptyEternity
Endeavor Silver is about to blast off!This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected. I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could rocket past that was they hit $12 in 2011. August is the next options expiration month, and has some high volume, but not as high as May. I think buying calls here would be a good choice. If you're concerned then brake up your months from May and August. I expect miners and metals to get pummeled this summer when BOJ announces rate CUTS when they implode. I'd diversify into the dollar or USDJPY or USDCNY at that point cause China will devalue their currency after the BOJ cuts rates to negative (to stay competitive). THIS ISN'T FINANCIAL ADVICE!! I am making a purchase into these securities as well, so I'm putting my money where my mouth is.
NYSE:EXKLong
by EmptyEternity
SILVER decision timePlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. This is follow-up to the idea I posted 3 months ago when I called falling wedge breakout to the upside. XAGUSD is doing really well since and now is heading into strong resistance cluster created by zone 24.15-24.40 and by major downtrendline (red). Notice the price action which formed rising wedge pattern (lime) which is usually bearish, but it can also break to the upside - in the early stage of new uptrend. So decision time is coming ... breakout up or down? Just closed part of the long position just in case we turn down south. I will not be trading until break occurs and things settle a bit. There is another hurdle @ 26.20-26.95. Sitting on the sidelines is sometimes the best thing one can do! Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
FX_IDC:XAGUSD
by bizmark
4
Gold could skyrocket higher in NovemberGold and Silver could move dramatically higher after the US Fed comments and the shift in how capital seeks safety. Precious metals have been consolidating downward for months. Now, it appears the Feds comments have shifted how traders/investors view precious metals. It is very likely this shift may prompt a very big upside price move. As traders suddenly realize the undervalued metals prices have not adjusted to the global risk factors associate with a US 5% FFR (creating global economic concerns), I believe precious metals may move sharply higher (very quickly). The Fed is on a mission and may prompt a massive global contraction as excesses and risks continue to elevate. Just like in 2004~08, precious metals drifted higher until the crisis event in 2008-09. Then, after a brief contraction, metals skyrocketed more than 85% higher over 2.5 years. We may be at the start of a 150% rally in gold (or more). Stay tuned. Follow my research
COMEX:GC1!Long
by BradMatheny
First Majestic Silver AG - Rare OpportunityFirst Majestic silver along with the rest of the mining stocks have been pummeled the last few weeks.. or months..er I mean years. It is my strong opinion that a rare opportunity has opened up in many of these stocks - historical. These monthly candles really help depict the birds eye view necessary to spot the larger patterns and trend. AG has been forming a large wedge for many years and broke out a few years ago.. Price is now on the launchpad. It might be a slow rocket getting off the ground but it has a tremendous amount of fuel.
NYSE:AGLong
by gghsusa
13
Gold & Silver Reaching A Launchpad with Currencies (like 2003)Many traders believe the current setup in Gold/Silver is similar to 2018 or 2015. But the reality is this is more similar to 1999~2003 with a strong US Dollar and weakening global currencies. As long as Gold/Silver continue to strengthen while the US Dollar stays strong, foreign currencies will weaken and wreak havoc on foreign markets. Eventually, the risk levels will increase in foreign markets which will send FEAR skyrocketing. That will move capital into Gold/Silver and break the channel/trends that are currently in place. I believe we are very close (possibly 2 to 4+ months away) from that breaking point. Watch global Emerging Markets and foreign governments for signs of collapse. These will be the early warning signs that Gold/Silver are "T-minus 10". Once the US Dollar peaks/turns, we'll be at "T-minus 3". At that point, everything will be ALL SYSTEMS GO for Gold & Silver. Pay attention. This is a huge setup for precious metals.
COMEX:GC1!Long
by BradMatheny
1
Possible top coming soon for $DXY?I can't say that I've called a top using trendlines atop of a bullish trend, but I've seen a few others do it. With the rise in the dollar bringing mass bearishness to rest of the investment complex, a pause could bring some welcome relief. Anyway, I thought the timing might be relevant as important lower levels approach in $CL, $UX, and some metals, as well being overdue for a meaningful bounce in the equities. I will use the $109.xx marker in DXY to signal a buying point for small positions in UUUU, UEX, NXE, USO, GDX, SILJ, SPY, IWM, AAPL, AMD, et al
TVC:DXYLong
by tfoley472541
1
FIRST MAJESTIC SILVER - PRESSURE BUILDINGThis is a weekly chart of AG, First Majestic Silver Corp. I like to call this pattern a giant compression wedge - it's just a simple descending triangle. But considering this is on the weekly timeframe, it's a mammoth-sized wedge. I like the pattern but I really like the company. I'll try to focus on the technical analysis, but First Majestic looks incredibly well positioned for what's unfolding in the metals market. They have their ducks in a row. If you follow my ideas, then you'll know how I feel about precious metals. I believe we're facing a perfect storm that will propel precious metals & miners to incredible levels. The monetary circus, supply & demand, inflation, gold:silver ratio, and the commodity cycle are just a few of the ingredients in the recipe. I'm torn about direction. Equities, the dollar, precious metals, and the miners are in a pivotal place. The dollar looks like it's trying to find a bottom. It's possible that the metals, miners, and equities get pushed down hard again.. potentially another crash. Having another crash in equities, metals, miners, etc.. would be my preferred path because I suspect that it wouldn't last long.. Inflation is coming but don't rule out another deflationary hiccup. I like to buy stuff cheap and so I'll be thrilled to have another discount. Watch the dollar. I think we're going to know soon.. and watch First Majestic. It would be incredible to have it tag (E) of this wedge. The measured move of this pattern is somewhere around 39-40 but a move from $4.00 to 40 is a 10x compared to the 2x it is from current prices.
NYSE:AG
by gghsusa
9
$SIlJ wants lower. $8-9 over the coming monthsOn high timeframes, we seem to be continuing the trend of forming lower highs. The rejection of price at $15.49 gives me the setup I was looking for to think $SILJ is going lower. On top of the rejection, the RSI is overbought, the moving averages on ichi are stretched with price above the moving averages giving me reason to believe price will snap back lower, and I have a hard time seeing how price gets above the cloud (on higher timeframes, there's thick resistance w/ the clouds). I think there's good reason to believe we're heading lower here. I think price will first head down to $11.66 but being its' already been tested as support multiple times, it's weakened and price should break through that support fairly easily. Which leads me to believe the next target on the downside would be $9.44 and below that $8.32 if that support fails to hold. Let's see how it plays out over the comings weeks/months.
AMEX:SILJShort
by benjihyam
1
Silver forecast - break it or make itWe have a bit different situation in Silver. The flagging formations on the monthly chart failed more compared to Gold. In fact, in 2012 there was a clear depreciation in this market – flagging formation that broke to the downside; tight consolidation followed by the final breakdown. Certainly, it is too early to jump into this market, but in the case, we see a breakup in this market, bulls could target the 38 – 40 range. Overall a lot depends on the dynamic of key economic indicators. It’s worth noting that inflation is growing quite rapidly in China’s manufacturing sector, which many economists warn could translate to higher costs for a wide range of goods across the globe. If inflation worries spread on major markets, the precious metals sector will shine and deliver amazing returns for qualified traders.
COMEX:SI1!
by Inna-Rosputnia