Badcharts

Badcharts

Approaching tipping point area 88 for US Dollar. 80 area is target if that threshold is convincingly breached on a monthly close basis. #dxy #usdollar #gold #silver

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Still at critical juncture, gold can be at beginning, middle or end of cycle... YIKES! Let's imagine the first case.

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Using 2003 as a starting point. TIme table currently accelerated. Or maybe just my imagination is running faster than markets, as usual! Notice how silver can move in unexpected ways!

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Expecting an imminent vertical take-off for silver. HANG ON TIGHT #gotsilver #silver #silversqueeze #sitfolio $pslv $slv #fintwit

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Pure price action.. if current angle of ascent continues, gold should have no meaningful resistance until 3200$.

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There was a 22% correction just 2 year before.

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Times gold spent more than 2% below it's 200 day moving average in a bull run. 5 rocket ship take offs... 1 crash landing

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Here are some quick notes to better understand the mysterious line break charts.

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30000 % move since 1997

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Something bad about to happen...

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Gaining momentum slowly but surely.

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21$ more to go (or 78% move).

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Price cycle analysis shows eurusd heading upwards.

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3K gold is just to get it back even. Then we overshoot above.

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Silver has JUST started move and is closer to bottom than a price cycle top.

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233$ or 377$. Both Fibonacci target numbers. Both replay either 2002-2011 silver run or 1973-1980 silver run. You choose!

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Silver is a wild beast. Most do not understand. Leverage will destroy you... Then you miss the prize... oh well.

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Move possibly has started... must wait and observe...