What do you mean #Bitcoin is a JUST another #Nasdaq stock? Silver now outperforming BOTH.
Not 100% sure about the "we are there" line. But keep an eye on those breakout lines none the less. They will guide you.
ABRA+TSX:GGD+TSXV:DEF+GSVR+TSXV:SCZ+TSXV:ELO+BRC+TSXV:MGG+TSXV:SSV+TSXV:VIPR No fear of missing out yet.
Silver could have it's 3rd greatest "momentum defined" buy signal confirmed end of June 2022. For that, it needs to REALLY start moving in next few months.
Gold to silver ratio refusing to confirm a market melt down... So at same time setting the possibility of a melt up for silver. Patience.
3 times arcs.. 2 have failed. Rate of change telling us a little about the story when the setups where there...
Back test in progress from a breakout confirmed a while back. A daily close above 1850 and the party resumes!
Swiss Franc tracks VERY well the gold chart... this could of already broken out and we are simply back testing...
Can those pivot lines on the monthly log charts get hit? If so, will be an insane profit taking area as the price would be very stretched from moving averages. The current congestion area (flags) need to resolve upwards for the next (pole) move to occur!
A close above the annotated lines would be the "noise reduced" buy signal.
Silver miners on brink of disaster... However, here is where opportunities are born...
Just refreshed the smaller daily time frame gold vs currency in circulation chart. Silver should get a nice jolt when this breaks out.
Will the price of corn flakes rise? We want to know!
Gold vs US equities in free fall, setting lower lows. Yet the momentum is bull flagging at higher lows. You can't see this on a daily chart. Zoom out, you'll get an edge.
If gold is cheap vs US equities... Then miners are even cheaper vs US equities. Beautiful +9 year base for miners vs gold exemplifies the risk vs reward profile of miners. Don't say I didn't show you this!
Replaying the 2000 Nasdaq peak today. Could see gold drop to 1550$... But also see NASDAQ fall to 2750$.
LEARN FROM HISTORY How gold behaved last time Nasdaq peaked. First 11 months: Gold got dragged down 15% before bottoming. Nasdaq went down 61% in that same period. Following 20 months: Nasdaq continued down another 58% from there. Gold was already up 27% during that time.
Silver on the brink of greatness! Nasdaq having a rought time letting silver pick up steam vs it, as the fight for capital continues.