I feel like I am a little late to this party but there is a strong technical break out on this chart, cup and handle + RSI and MACD has room for more growth. I can see this easily get to $24-25 and if we break out of that then could easily end at $34-35.
-Divergence of RSI MACD STOCH against the general downward trend, similar to late 2018, -lows holding, highs descending between 32%and50% RT -similar to 2018, same as gdx -ONE dirty dirty DIRTY heart crushing gap from the Spring rebound (not on chart) I'm like NASCAR, left turns only please.
Silver to target the top of the channel. - HH_Analysts
Silver to break out next week and target the monthly resistance before the end of January. Great time to long silver. * HH_Analysts is not a financial advising company. This is free material posted by us for the public,
SILJ often charts the best of all the metals and miners. It now looks like we have confirmation that the low back on September 24 was THE low, and we have a i-ii setup in place and we’re in wave iii of a potentially huge rally to higher highs. Again, a break of the yellow downtrend line would be a warning sign that we’re not done on the downside. Otherwise, all...
Im sure im early here. But I really like this silver etf right now. Decent R/R.
AMEX:SILJ Additional Long Entry on retest/hold of former Bull-Flag Resistance-Turned-Support - filled @ $13.92 w/ a stop at $12.23, targeting the Measured-Move/Bull-Flag-Pattern-Completion-Target near the $24.57 zone in 1H-2021. Reward-to-Risk ratio a healthy 6.4:1. Giddyup!
Gold looks like it's about to make a new leg higher but will it also drop 5-7% first? The dollar and gold tend to create very distinctive price cycles if you know how to look for them. Renko helps to see these price cycles and time seems irrelevant to them. I am seeing a cycle low in the works now but I'm not sure if it's complete yet. I will venture to say...
#SLV Setting up a bullish pennant on weekly and daily time frames. High volume run ups are usually followed by a period of consolidation before a continuation/reversal. Once silver breaks above the upper trendline and clears 23.55, SLV should start its move to $30+ by the end of the year. This is just the start for silver and gold and if it isn't a part of your...
I am wildly bullish on the miners and precious metals over the longer term but I suspect another corrective leg down. GDX has been forming a giant ascending wedge from 2013-2020 and just broke out of that pattern this year. The drop in March was just a small piece of that puzzle that flushed a lot of new & experienced traders out of the trade. I pointed out...
Any good trader or investor will tell you to buy low and sell high. Unfortunately, the masses tend to do the opposite- either because they follow the crowd into popular stocks/assets or they like something too much and make it personal (they believe strongly in something). In my opinion, the best way to actually measure value is to compare it to something. We...
As usual, demand for Gold mining stocks has risen with the ore rally. Mining stock such as KGC has outperformed major gold/silver mining ETFs and completely obliterated gold/silver ETFS since March. It is a higher risk and higher reward play for investors who want to ride the gold/silver trend. EV/EBITDA TTM, Price/cash flow TTM and many other valuation...
Is 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)...
On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume. FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are...
The silver to gold ratio is telling a story worth listening to. It seems to be telling us that silver is still incredibly cheap compared to gold and is closer to the floor than the ceiling in terms of value when compared to gold.
We have a very, very long way to go...