


Focus on the non reporting total long small speculators
Rainy clouds in progress. Bring your umbrella. Target 86.5.
Remember when Buffet bought Barrick? That was very close to golds top. Can't the same apply to cryptos with Elon buying? EVERYBODY thinks cryptos are unstoppable. Think about this a second.... #ethereum #bitcoin #silver #gold #fintwit
Line break chart with monthly time frame filters out a lot of noise. Target 30%-50% lower dxy from start of cycle. 1st target 67.5 2nd target 49.5
When this ratio turns back down... bottom is in for silver!
bullish reversal confirmed with daily close above 27.20 bullish continuation with daily close above 28.99 (will add a new white line)
a daily close above 17.78 confirms bullish continuation (adds a new white line) a daily close below 14.39 confirms bearish reversal (adds a new red line)
A close above 28.27 would confirm a bullish continuation. while a close below 19.32 would confirm a bearish reversal.
And when gold moves... it moves.
No where near blow off top. Hold on tight boys & girls.
A repeat 61% move would bring oil above horizontal breakout line at 74$.
Not trolling, just observing how gold and silver are trading vs bitcoin and ethereum. Has nothing to do with which one will appreciate more or less. Just understand what's the speculation component of your trade vs currency volatility.
A strong run up for this index is followed by a correction... which silver THRIVES in... Run up in progress.. when it ends... silver explodes.
Silver's Quarterly Line Break Chart showing current bull run for silver is just the "run-up". A quarterly close above 38$ unleashes the fire works.