Silver would need to rocket above +100$ to close gap with palladium.
A forgotten precious metal beast. 6.7K-7.5K target in Q1 2024.
#Gold's 3 greatest inflation adjusted buying entries: August 1970 March 2001 September 2018 Previous 2 yielded SOLID 10 year moves. Don't wait... you won't have any purchasing power left! Target 11000$ #gotgold #gotsilver #debt #inflation #fintwit
There is an observable lag after M2 money supply explosions (as seen with rate of change) with an inflation rate breakout... BEFORE inflation peaks. Looks like first wave of inflation should run hot until at least late 2022.. #gotsilver #debt
Last time silver was 48$, inflation rate was at 3.6%. Now sitting at 2.6%. Sit tight. #gotsilver #patience
In a Stage 2, above inclining 10 & 30 week moving averages Still out performing spx Keep an eye on any close below 10 week moving average for slow down.
Using sugar's monthly log chart to demonstarte angle of entry reverbs in angle of exit. What do you mean no inflation? What do you mean technical analysis doesn't work? #gotsilver #debt #fintwit
8.4 year cycles where gold alternates bull & bear crossing of pivot line. 2500$ in late 2022. #gotsilver #gotgold #debt #fintwit
Open Interest dropped while silver still above pivot line... Also note the MACD for open interest, last time a violent drop of the sorts, a HUGE rally followed. HANG ON TIGHT! #gotsilver #fintwit
US Dollar's bounce off declining 1 year moving average. Also deepening declining red Ichimoku cloud defined trend (and resistance).
1970's silver's monthly defined corrections. Strong base, then explosion with 2 pauses before burning out. Silver is currently tempting to finish it's first pause... #gotsilver
Last time MACD had same construct... 30 year real yields plummeted and silver moved up 100% in price. Just wondering how low & fast those real yields will drop... Still targeting +50$ #silver this year. #gotsilver #debt #wallstreetsilver #fintwit
grip attained... now about to spin off into space!
Long consolidations will break your moral. And even if you survive, you'll be fast to take profits next time silver slightly pulls back. Only to miss the final melt-up sequence. Enjoy! #gotsilver #patience
When to take profits? See the distance from 50 day moving average as a gauge for FOMO and extreme euphoria.
58$ target enacted. Rest of decade should see much higher price points.
CAN THIS BE TRUE? 70$ silver in late Q4.