Gold vs silver ratio is dead cat bouncing after being saved by inclining Ichimoku cloud defined support. But that's it! Next fall is for the count! Enjoy you Precious Metals, specially Silver!
Having fun with Ichimoku cloud defined support, resistance and trends! Weekly is a good transition time frame... will uptrend hold? Cloud doing it's thing for now.
Looking at Uranium futures on weekly chart with Ichimoku clouds. Visuals are all-in-one tools to see support and trend. Add on top of that an arc.. and you increase chances of spotting skewed risk vs reward opportunities.
As defined by Ichimoku cloud defined support... monthly breakdown on cusp or reality. Support cloud did it's thing, but running out of runway. Where are your bet placed?
Dow vs Gold. Dow vs Silver. Both in bear market rallies, testing breakdown lines. US equities UP... but gold and silver more!
Yearly log chart for Dow Jones points to a test of upper band, and maybe a blow-off top outside! Gonna be fascinating for sure watching this unfold.
Copper, Platinum, Sugar and Silver make up the knights round table, with gold as King Arthur! And like all fables, the king is last to fall!
Using daily chart and Ichimoku Clouds, You get a sense of how silver preferred it's correction, in time and price. Also get to see a case where the price action refused to make new highs BEFORE dipping back below the Cloud, which coincided with Silver hibernating for many years.
Again, silver not for feint of heart. Understand what you are signing up for. #gold #silver $slv $gld $gdx $gdxj $sil $silj #fintwit
Gold's current correction was of the most silent violence, almost deep as March Madness sell-off... Yikes! #gold #silver $slv $gld $gdx $gdxj $sil $silj #fintwit
### ALERT ### !!! Cuban missle crisis !!! Well, not really... one last hope for non conforming precious metals macro drivers. #gold #silver $slv $gld $gdx $gdxj $sil $silj #fintwit
Wow, might get another 4th red monthly close for gold. If that won't wear you out... not sure what will. Important part is to see weight of evidence context. Closing in on go time...
Gold and 30 year t-bonds on cusp of next big move... cliff hanger stuff!
Road map is pretty clear, a fast move is in the cards for a close above 31$. Then LOTS of fuel to climb VERY high till 2027-28. Enjoy!
Now, if real rates can stick below -1%, then we have more evidence a 2010-11 melt-up is right around the corner for silver. I mean RIGHT AROUND THE CORNER!
I see same 2010-11 bullish setup for silver in regards to price action AND commitment of traders. That setup led to an insane melt-up. GET READY! #gotsilver #silver $slv
I have an idea where silver will be in next 12-24 months... and where fed fund rates will be. Now where will inflation rate be?
30 year real yields on 1 day, 2 day, 1 week, and 2 week time frames all got bearish signals stamped over them... so time for my classic "Timmmmmmmmmmmbbbrrrrrrr"!