Right now, not much technically that indicates this is crashing anytime soon. It just broke out of it's bull flag. Getting through $106-107 range is the next step.
This chart will tell you where to invest over the remainder of this decade: PMs or general equities. A break above 50 and PMs are looking good.
Don't know how this plays out in the short-term... but it will explode soon (likely this spring or summer at the latest). If it does flush lower one last time, I'm looking at the $1.30 region... hitting UBER oversold on the quarterly, monthly and weekly charts.
This arc is showing positive signs for the remainder of the calendar year. If it can stay within the arc this summer, $2600 before the end of the year is quite possible.
This stock is deeply oversold on the daily, weekly and monthly charts. As you can see, it's about to squeeze out of this long downtrend. We all know BOIL is not a long-term hold because of its futures rolling decay; but this year it could be a huge winner with Natural Gas near it's all-time lows and also deeply oversold.
There is a lot of power in this chart. I look fwd. to seeing if it can stay within this cup... and if so, how high?! Fundamentally, it's looking very strong!
2024 will be decision time for XRP! We are on the doorstep now. So far, every squeeze has led to a major jump in price! However, markets have changed since Covid. Does the trend continue? Stay tuned!!
For those into junior mining stocks, one of the best indicators of a bull run is the TSX Venture Exhange. Typically, when this chart bounces off oversold territory, it has led to strong bounces for most miners on this exchange and the overall mining sector. A positive divergence is forming on the monthly. No guarantee it will hold up, but something to keep an eye...
This diversified mineral explorer stock is closing in on a decision! Note: CEO Warren Stanyer is a regular buyer of this stock -- owning 13% relative to other top shareholders.
A huge decision is approaching for silver. My gut is leaning towards a flush down by the banks to really send some negative shockwaves into the PM market. Nothing to do here until we see either a bounce off the arc (or diagonal trend line) or a flush below. Stay Tuned!
This is one of the most bearish PM charts you'll see. Within this larger perpetual bear market, we are currently in the midst of the longest down leg ever, and it could very well keep going to $0. The upside: It's market cap is tiny, which means if it breaks out of the long sloping diagonal channel, it could be a quick rise to 60 cents; maybe even a dollar....
A base has been building for 5-6 years while some diagonal lines are starting to squeeze this base. If we see 50 cents again -- then expect much higher prices shortly thereafter.
Sometimes the simplest charts can give you the roadmap you need. The bounce off this horizontal line is important. But this beautiful cup needs to hold. Lets keep an eye on this for the next few months and see what happens.
With the weekly and monthly RSI down, there is chance the DXY will start climbing this wall. However, if it falls through, it could be a positive gamechanger for the stock market and precious metals.
Here's a long-term perspective I have not seen and will be interested to follow. I think bias needs to be removed. The bulls will see a potential shot to the MOON. The bears will see a likely hard spill. NEWS FLASH: This is a new and crazy world! EVERYTHING IS IN PLAY! If this gets above $2200 in 2024, it could be the start of something epic. If we see the...
If you are surprised about this gold smash - just look at this weekly chart. There is now a (slight diagonal) triple top that was created last night. Lets also remember, a year-end and quarterly close above $2000 is not good for banks. THE FIGHT IS ON. #PreciousMetals #gold #silver Note: There is a gap on the 4-hour chart in the $1835 range. This may still come...
The good news is we've nicely broken up and this arc is currently in play to all-time highs. The possible bad news -- we could be looking at a double top, which means it could break below this arc and fall back into the $1800s. Also worth noting, there is a huge gap on the 4-hour chart in the $1830 range that could come back to haunt us (and the miners) at some...
Interesting development on the quarterly chart. These arcs seem to be duking it out. I suspect a big move is upon us (one way or another) between now and early next year. #Silver #PreciousMetals #MacroChart