Longterm Real Rates Weekly Renko Chart
Golden 1&3 year moving average cross + channel commodity index reset in bull zone = explosive move. Note those are monthly closes, will overshoot on smaller time frames.#gold #silver $gld $slv #fintwit #patience
Gold's "False Scare" v2. This is where "weight of evidence" enters analysis. Add two SMA to situate price action. Is rate of change expanding or contracting? 2 year SMA is good 90% of time, while 3 year SMA to account for market crashes. Where are we now? #gold #silver $slv $gld
if {bonds down && yields up} ; then echo "next USA inflation reading will surprise" echo "silver will rocket" else exit 1 fi
Is this out of ordinary? Gold already above all-time highs.. why are we stuck up that silver has to stay sub 30$? Platinum, copper and other commodities already moving along. I think silver's turn at bat is close. Looking for a home run.
Monthly log chart for gold showing trend line violation. Severe correction or did we just top? Next rally up is KEY.
Can a holiday miracle save the US Dollar? Oh wait.... holidays are cancelled this year... #dxy #gold #silver #fintwit
Rearranged the charts comparing gold expressed indifferent currencies, to outline the hand off currently done in favor of US Dollar collapse... A shift in this type of gold appreciation (gold appreciating in non USD faster) could signal severe head winds for gold.
These are 6 month closes on log chart. Will overshoot on smaller time frames, and knowing silver's maniac tendencies, could be much higher on smaller time frames.
Nice basket case of upwards targets and time to reach them. Mmmm... I'm hungry!
Using TRIX and gold's monthly log chart, trying to spot past performance for gold at similar juncture. Are we going fast and high, slow and low, or something in between?
Keeping it simple. Monthly linear chart with TRIX and volume defined target/support/resistance.
Now moving onto slightly higher time frame to see potential roadblocks.
A melt-down in real rates could signal the next importatn push in precious metals prices. 33$ silver in Dec 2020 targeted.
Breaking down the breakdown of 30 year real yields.
Does the ticker even matter? What If I told you it's in a bull market, in a bullish sector?