This ratio is screaming silvah up and SPX doing down...seems pretty clear to me.
This drop has been sudden and significant...lots of bearish sentiment prevails and is all over social media...this is typical of a bottom. Plus when you look at the charts I see s series of 1,2's that have formed which means an explosion is coming...a "beach ball" move is what I am expecting over the next few months...starting this week!!!!
Get on the silver train...the MAJOR move we have been waiting on has started...I loaded up back around $24 in both physical and miners ... things look very very good if you ask me.
Yes silver has continued to consolidate and has not yet broken out...but I say the pivot is in and we go up from here...timing is tough to ascertain, but I think we are about to see the breakout...very...very...sooooo!
We have been waiting for this for a long time...but patience is about to pay off imo...the big move is finally about to happen!
The move we have been waiting on is starting...the final pivot low is complete...and major up move starts now!
Several individuals have inquired about my current count on Silver...below is the count for this most recent correction....there are multiple ways to view this but this is my primary right now...we are in a WXY with one small final wave down to $26 coming most likely today or tomorrow...before a major pivot.
Looks like the expected pivot in the gold / silver ratio may finally be complete...if this play out expect major mover in silver over the next few weeks relative to gold...gold may continue up...but silver should significantly outpace any positive move in gold.
Silver /SPX ratio pivot appears to be complete...expect major move in silver along with possible pull back in spx to drive this ratio up substantially.
To me the pivot in this decline in silver should start this week.... the recent breakdown of the gold/siiver ratio appears to in the process of being back tested...the next move is a strong pump in silver...gold may hold steady or it may pull back a bit...hard to tell...if the DXY dumps hard gold will likely push a bit more...but silver should push much much more!
Chart speaks for itself...we should see this take off soon!
Pivot should be in for silver...expect next major move up!
I think this one sees one more move up then a major dump...the rally should coincide with a move of silver to roughly $35/oz where I then expect a sizeable pull back...during this pb, HYMC should dump pretty hard and then would become a solid speculative play imo.
I still remain boolish... but want to make sure we are all aware of bearish alternate counts....this is my primaryt count for silver.
This could be the mother of all fake outs!...hard to say right now, but I am quite leery of more upside until we get a decent retrace...my sentiment...DEFENSIVE!
In addition to FSM and CDE that I have posted about previously, this one is a real "lotto play" that is breaking out....get some and ride the rocket!
To me this pb looks like a classic retest of the neckline from where XAG recently broke out...I expect a pivot followed by an extreme move up very soon.
Probably my most interesting play...I think this is set up for a major move very very soon...dont miss it!