SILVER FUTURES Are at major resistance - can it break out? There is the light blue disjointed channel from 1981 as well as well as the recent green bull flag channel. This is my speculative scenarios for two parabolic advancements of silver back to top of macro channel in coming 3-10 years
I can see a couple ideas playing out as shown. Depends on whether stock market next selloff has a significan liquidation selloff in PMs.
After we break to upside (could be a year or longer) out of this wedge, bitcoin may likely head to $1 million per BTC over next 5-10 years.
Market seems to be lowing a lot of momentum as major weekly bearish divergence appear on many momentum indicators.
Pay close attention to center plot bottom white ROC which is the fed injecitons WEEKLY FED INJECTION RATE OF CHANGE. Once this inflow stops, the party is over until the fed increases injections of liquidity. The party can never stop?
key two trendline rejections combined with weekly 9 sell last week on TDSA... could see next move to retest 9k support on monthly and then see how strong of a bounce we get. If rejected by 38.2/50/61.8% fibs from move down then the party is likely over.
When interest rates hit zero, all the equations blow up toward infinity and beyond... so yeah, markets still can go up and appear "undervalued" when debt is basically free. The crash can happen at any day now - no one knows.
The first couple years is when in 2009-2011 precious metal mining stocks far outperformed the gold and silver underlying physical. But if you did not time the market well and exit at the top with the bearish divergences, you got wiped out as the mining stocks tend to tank 90-98% during the subsequent bear market. I believe we are starting the precious metals bull...
Either bitcoin about to break out or gold breakdown... likely the former.
Coin flip - if rejection here it could be significant pullback, otherwise ETH is likely heading to next monthly resistance at $300 and then $400
Spelling trouble for SnP versus gold. I would expect now we see gold go test all time highs just above at $1920 and change
this is HUUUUUGE (in Trump voice)... USDT market cap just shot up nearly 40%. USDT is tether - one of the first crypto stable coins that is supposedly pegged to the USDollar but no one has clearly audited it so many believe, myself included, that it is used to print tether and pump bitcoin to manipulate the price. The founders (who also founded one of the...
Is this the pump before next selloff or a signal of something new?
I started tracking this in fall of 2018 and it so far has been more or less a predictor of what has evolved. It on average took 5 months to form a bull trap after the unemployment data broke trend. So ~Sept. I think it will be once Q2 earnings start coming out in July... or by Q3 in October there has to be a reality check that fed hasn't done enough stimulus.
Finding support on this parabolic ascent could spell big trouble again for June contract expiring mid-May like last month.
The bottom is too early to call.
These (linear) charts show end of 2023 something has to happen. I suspect that we will see a new structure/change to USD as the reserve currency and the next 30-40 year evolution of reserve currency as uncovered by Mike Malone in hidden secrets of Money. Look at the exponential growth of the USD currency supply shown on the left, the fed balance sheet in the...
LOGARITHMIC CHARTS: These charts show end of 2023 something has to happen. I suspect that we will see a new structure/change to USD as the reserve currency and the next 30-40 year evolution of reserve currency as uncovered by Mike Malone in hidden secrets of Money. Look at the exponential growth of the USD currency supply shown on the left, the fed balance sheet...