ConservativeOne1

ConservativeOne1

While I am very much a bull on silver...please beware that this pattern is still very much possible if not even likely. Is some ways it looks better than the alternate immediately boolish counts that so many are sharing right now. I for one have trimmed some positions to book profits as I wait to see this run pull back...how deep is not yet clear.

ConservativeOne1

Before any haters say it...It does look a bit crazy...overly optimistic! However...this structure looks incredible especially after such a long consolidation...if anyone is short, I would DEFINITELY think twice as I think this is about to EXPLODE like a beachball held under water!

ConservativeOne1 Updated 

Silver has clearly broken out as it moves past the last major pivot pt (yellow arrow on the left)...I H&S formation in play in my opinion...this will have some pull backs along the way...but should run for a while...

ConservativeOne1

SILJ has clearly broken out...it is approaching the 200MA on a weekly TF (Red MA)...expect a reaction at this level...may want to take some off around this level...perhaps a decent pb...a chance to reload if you ask me!

ConservativeOne1

This chart looks very solid in my opinion...a buy in my book and shows that we should see a very strong move up over the next few months.

ConservativeOne1

Get it while you can...this is about to take off in my opinion!

ConservativeOne1

This sideways chop has been frustrating to say the least...but it will break out and up imo,...and this could finally be the one that does it!

ConservativeOne1

If you believe the all important 10Y yield telegraphs the markets, then pay attention to this chart...I am fairly certain this path will materialize...mid to late 2024 we should see a signifant drop in yields...which should pump markets...and push inflation down. This of course is timed perfectly for the 2024 U.S. presidential elections...coincidence? LOL!

ConservativeOne1

Silver is starting its move up along with gold...I expect silver however to outperform gold by a significant amount based on the gold/silver ratio chart which is showing a H&S pattern. Approximately levels are shown on the chart below...but these will need refinement as we see this really start to move.

ConservativeOne1

Right shoulder of the IH&S (white) is another IH&S (Orange)...I think we will see the break of the neckline this week..perhaps a pb followed by a major move...Remember that gold will go up...but silver will go up much more...look at gold/silver ratio chart which is currently showing a H&S shoulder pattern...will post that soon.

ConservativeOne1

This looks like a classic bearish squeeze which should/could result in a blow off top and new ATH over the next several months. This is a solid entry pt imo with a stop loss just below the wave 1 lows (orange wave 1). While not investment advice, this is what I am doing!

ConservativeOne1

Although gold and silver should both do very well over the next few years...I cannot emphasize strongly enough how well SILVER should do! If this even does half of what I see it doing, then it will make many silver stackers extremely wealthy over the coming years.

ConservativeOne1

There may be others that I have not seen...but I see nothing else as compelling as this trade...a R/R >10 over the next 12 months...with a significant portion of that return being before year end in my opinion. The length of time that this name has spent bottoming and consolidating and such a clear exit point...make this a MUST BUY here and NOW in my...

ConservativeOne1

Latest update on my preferred silver count...looks like wave B was a triangle (ABCDE) and we are now looking for a 1:1 extension of wave A to C measured from B. of course it could extend to perhaps a 1.618 extension which would take us lower than the current tgt box.

ConservativeOne1

SPX may see a push if we get a pull back in the yield inversion...but longer term, notice that anytime the yield inversion unwinds...what follows is a dump in SPX...

ConservativeOne1

I see metals bottoming very soon....may get one more move down...but long is the way imo.

ConservativeOne1

Most are bearish on mkts right now....mainly due to dollar and yields strength. I see both the 10Y yields and DXY pulling back strongly from here...and thus metals and most likely stocks will rally into year end and perhaps well into 2024.

ConservativeOne1

I think most are leaning the wrong direction...I think yields and the DXY are pivoting and we will see a massive rally into year end for stocks and metals...