Using MACD of the open interest, silver looks to have hit ROCK bottom... Rocketship time? 89$ target by late 2022.
Above important volume defined take-off base. Right above current high volume node, about to slide up and try to close above 28.80$, the last MAJOR hurdle before a run at the moon, around 40$. Above 40? Mars...
Silver Junior Miners sleeping under the radar. Incredibly bullish chart. Consolidating on breakout line. Very low fear of missing out, makes a cheap entry point.
Increased risk is usually accompanied by greed. See how using distance from moving average should help you situate the lower risk propositions. Yet, with still provable higher reward.
58K monthly close target (will over shoot on smaller time frames). Approaching record distance from 1 year moving average, will also go hand in hand with records amount of FOMO. Lots will get trapped between 58K-64K.
Somebody forgot to tell small resource cap stocks to slow down. Target zone top rail 1250 zone. Anytime this year. #gotgold #gotsilver #uranium #copper #platinum #energy
Can gold rise with rising yields? What caused the flip in Jun 2005 when gold flipped the script and rose 60% in 24 months!
Silver out performed Nasdaq by 19%
Same number of Renko bars for BOTH parts of historical cup and handle... Yet we all know the cup portion took a much longer time to morph into existence. This exemplifies the power of the handle drive to reach it's 48$ to complete it's destiny.
Not quite same landscape, but silver's epic run last July was from China A50 correcting from a powerful run-up, and copper rotating out of strength into silver. Let's see if this repeats.
Thought about this road map when listening to Ed Steer's latest interview on Palisades Gold Radio. 45$ target Q2 2021, with strong probability of overshoot on smaller time frames.
Can gold keep up pricing in the monetary imbalances required to keep the Nasdaq's parabolic rise? Or will gold get subdued another 4 years... #gotgold #nasdaq #debt #fintwit
MACD defined bear markets (and Ichimoku). Already a close below cloud support. Any strength should be sold into. Unless proven otherwise.
One more dip in the supporting green cloud around 1750$, then a rise from the ashes to over 2900$. Notice the price action structure is similar to 2008 correction into GFC. March 2020 is a blimp and noise. Remove the narritve, study the actual chart.
38$ before anything else. Overshoot possible.
Introducing the "green" rocket ship. Previously only seen twice in over a century. When enraged, it can propel silver into outer galaxies. #rocketship #spaceship #silver #fintwit