WinstonWolfe

WinstonWolfe

It's quite simple really. If we are in a precious metals bull market, signaled by the most recent breakout in gold and silver, then this is how i expect the next few years to occur in the silver market. In order for the price to breakout higher, $30/oz is required to be broken first, then $50/oz as the gold/silver ratio breaks down below the indicated 13 year...

WinstonWolfe

Its simple really. If the silver/stocks ratio breaks out, in combination with a breakdown of the gold silver ratio, money inflows from both stocks and precious metals investors flows into silver. The last time this happened, lead to a strong silver rally. At the moment, we just need to wait for the gold/silver ratio to breakdown below the green line, then its...

WinstonWolfe

The silver price is rallying dramatically at the moment. This is because the price has finally broken out of a 13 year correction it is has been stuck in since 2011 after being dragged up by a very strong gold price. The gold/silver ratio is in the high 80's which suggests this rally is only just getting started...

WinstonWolfe

Over the last few weeks gold has broken above the green resistance line which goes back all the way to 2011. The line has been tested several times. The most recent breakout is currently being back tested. One more weekly close above the green line and the new gold bull market has begun.

WinstonWolfe Updated 

Short term resistance has been met and the Nasdaq has just recently broken through its short term support. This would indicate to me a correction will follow taking the price of the Nasdaq back down to medium term support. After this i would exercise caution, any short term bounce may be followed by another breakdown in the medium term support. Then the Nasdaq...

WinstonWolfe

The Cameco stock price has broken out on the monthly candlestick. This is as good as it gets for a bullish indication. The future is Uranium and it appears the investing world knows this. The red resistance line goes back as far as 2007, so any moves following this breakout are likely to be significant. Buy near this breakout level, but not much higher.

WinstonWolfe

Crude oil has broken out from a multi-year logarithmic descending channel. Following the start of the Ukraine war, and the breakout in oil price it has since tested the upper channel resistance line, confirmed now as support. More recently the crude oil price has broken out of its short term descending resistance line and appears to have created a short term...

WinstonWolfe

The gold and silver price remains trapped between support and resistance lines. A break above or below the green or red lines would signify the proposed moves for years to come. Wait for the break of the respective support or resistance lines before making any bets. However it is important to note, both gold and silver have had false breakdowns, which is a...

WinstonWolfe

Bitcoin has just completed a false breakout. One of the most bearish signals in technical analysis. I would expect much more pain in the crypto markets going forward as a result.

WinstonWolfe

Gold will have some weakness in the coming weeks, however it should find support around $1830/oz. I would imagine the price will hover around this area for another couple of months, until a final breakout towards the end of the year. The false breakdown we have just witnessed is incredibly bullish and therefore I am extremely long.

WinstonWolfe

Every time the short term support line is broken the FTSE100 index has always reverted down to the red long term support trendline. Therefore, it is sensible to assume that this will be the case again. A buy target of 5000-5500 is reasonable, however if the index drops below 5000, all bets are off.

WinstonWolfe

Even on the log chart, the trendline for the bullish trend is being broken. This is incredibly bearish. If the bitcoin price doesn't bounce here, i'd expect the price to head much lower.

WinstonWolfe

If the Nasdaq is correcting into a bear market, so will the Crypto space.

WinstonWolfe

Now we must see a bounce off of the red supporting trendline (was previously resistance), otherwise the silver bull market is off.

WinstonWolfe

The rotation out of stocks into gold has begun. Get yours before there's none left.

WinstonWolfe

Based on the Fed's adamant nature on raising rates over the next two meetings, I see weakness in the silver price. But not much more. I think the Fed pauses and possibly pivots to easing after August when the true nature of the coming recession reveals itself. Following that I see a rapid rise in the price of silver, in a similar time frame between 2008 and...

WinstonWolfe

After completing the arc pattern, I would expect gold to hit $2500/oz by late 2022. The rise will match the depth of the downturn we have seen in the arc.

WinstonWolfe

The US debt to Gold ratio looks to be topping. The lower this ratio, the more US debt is covered by gold and generally means a rally in the price of gold. When this ratio breaks the minor diagonal support line, the major support line will be the next target and gold will see gains not seen since the late 1970's.