Initial jobless claims breaking out have a tendency to pressure the @federalreserve to start a rate cutting cycle. Those puzzle pieces falling into place increase odds for a NEW precious metals complex bull era. #jobless #recession #fomc #gold #silver #miners #spx
Remember, this is what #gold tracks. gold and us dollar adjusted for inflation
early breakout line + continuation breakout line = very bullish setup
#Gold also halting on what now appears to be its next 13+ year breakout/resistance line. We must wait and watch this resolve. #Silver and some important #miners track this.
Almost 3 months later... My #Bitcoin "Doom" Dome still holding for now. It will one day break, just a question of when and at what price.
This must resolve first. nothing to see until this resolves run up=>resolves #silver #spx
The precious metals complex bull era has not even started yet, no matter what the price of gold or silver currently is. So yeah, still soo very early. #gold #silver #miners #spx
With #silver up over 4.5% today... So has the ratio versus the #spx. Are you ready?
There you have it, Canada cuts for the 1st time in over four years! There isn't always a recession after a cut, but the last 4 US recessions started with a rate cut... #recession #inflation #fomc #boc #fed #rates
Oh yeah, about that #Silver chart... This is what I haven't show you... Check out that possible quarterly defined momentum breakout! A few more weeks to confirm this.
Great opportunity for #platinum morphing into existence... stay clear below this 16 year breakout line the potential is there... but no need to front run and possibly get trapped
The second most import close of the year is coming up this June 28th. All #silver has to do is close solidly above 27$, with minimal upper wick. Easy right? Only 19 more trading days to find out! So exciting!
Even more impressive is that #silver can also lock-in a quarterly defined milestone. This time converting a "wall" at 27.50$ from resistance to support. 4 more trading weeks till quarterly close. Oh man... the suspense!
And just like that... BOOM! #Silver closes solidly above 28$ and converts that wall of resistance into support. Enjoy the journey guys!
Enjoy the ever increasing cost of living! #inflation #acceleration
Why hold Tesla instead of Silver? #Tesla (priced in #silver) topped over 2 years ago, down slightly over 67%. You want to own instruments with price trending upwards after a breakout, not before.
Franco-Nevada is even worse priced in gold. It has got lots of work to do before digging itself outta that hole. Why hold that stock instead of gold itself? There are much better gold miners to choose from... #fnv @FrancoNevadaFNV #gold