Just like when gold broke above it's OBV all-time highs.... a breakout for silver above this line is HUGE
WOW, huge signal when OBV broke out above all-time highs
Is this the MOST UBER bullish ticking time bomb chart in favor of silver? Can explode at ANY MOMENT! You can thank our latest guest Richard Cormier from @SurfCity_Cycles for me revisiting my "OBV" rabbit hole! #silver #gold #obv #debt #inflation $dxy $silj #sitfolio
This under performance by the silver junior miners is in a different context than previous times it under performed the spx. If out performance is to resume following arc trajectory on Mansfield relative strength indicator, a top in $silj vs $spx could be in Q4 2022.
Open interest reset complete, ready to fuel whatever new direction we take.
When gdx starts to out perform spx, then it's game on!
Repeat after me... gold miners are cheap! Target 0.21 ratio in Q2 2022
This weekly candle for the China Index showing some flahses of the past. Some of my previous works with silver and this index, inciting me to continue some more... What can I uncover now?
Silver seems to top with open interest MACD peaks... Not currently the case... quite the opposite. Got silver?
When the total monetary base explodes and distances itself from it's 1 year moving average, you see the lag effect on the price of silver. Closing in on silver's absorption of those monetary imbalances in 10...9...8...7...
More evidence pilling on that current bullishness in US Dollar is a bear market rally. A break below that horizontal line will have the "Trade Weighted" US Dollar index enter free fall to much lower levels, where silver will most likely top.
Increased probability important bottom in silver when upper line is touched for the tin vs silver ratio. Adding that to other evidence, and you get a sense of what is next.
Kevin's hawk eye spotted this potential arc while he watched my latest Palisades Gold Radio interview... Oh man...
Timbeeeerrrrrrrrrr! Okay, let's wait for July close before putting a nail in the coffin for USD vs CAD
Looks like more inflation for next 2 years...
With 40$ box size, notice the violence of those breakouts after tight corrections! Momentum as defined by distance from 10 period moving average is nicely resetting. Lines in the sand drawn.
The 2-day close basis with ATR yielding an 0.80$ box size, slightly skews the point and figure chart. Probably my most bullish version yet. Song remains the same. 48$ target once "Elon Musk" defined take-off line is breached.
Now the line chart, closes only. July close will see if that bottom line has any significance.