If you pull up the 5 year chart on silver, I believe I've found a cup and handle that points to $55 silver. I also remember that the yield curve has un-inverted. That means we have 2 - 4 months (based on a 3-6 month average) on time frame between un-inversion and recession. Thirdly, everything has a correlation of 1. Everything is going up together, and hence...
Silver is clearly Bull flagging. Next major resistance will be $36, roughly. I went back and looked at the run-up to 2011 high. The chart patterns are very similar. I also noticed in 2010-11 era, silver's consolidation before run up happened in $17 range. This time it's in the $30 range. So Silver has adjusted in its own way to inflation. So if I add $13 to...
A downward sloping channel typically breaks up. What made me go long the VIX? It stopped going down. Did I have to wait? Yes. Did I go up $20,000+ today. Yes. Call it looking for value in underinvested areas. I believe this proves you can use tech. Analysis anywhere.
The top exactly I couldn't call. The fact that this 20 yr. Channel top was hit and held tells the whole story. I lost money for 2 months on short ETFs. I made it all back today. Trust your charts. Don't favor one direction or another, profit from both.
I don't think I can say enough about Aftermath. The chart? I don't think I could make it any clearer. The value creation here is irrefutable. Silver is becoming a smaller part of the story for Aftermath, the battery metals and Gold will eventually be worth more than the silver in this deposit.
a Monthly close below $70 will trigger the pattern shown. The measured move works out to around $46. The much delayed recession, I believe, is about to play out. A slow down is U.S. economy coupled with North American production is going to hit the industry hard. Cash is your best friend in the energy space now. That $40 oil will be a great producer buying...
The evident Bear Flag on on the DXY monthly chart points to 1 thing, another 11 point drop on the dollar over the next 12 months. This should have several positive and negative consequences. On the positive side the commodity complex as a whole should do well, particularly precious metals. The grains are more complicated, while the drop of the dollar is...
Anything can be charted. Im not a genius, but I know a bear flag when I see one. Boys and girls, inflation is going down, along with the dollar, and interest rates. I have a crap load of gold and gold equities. However, markets in general will rise. Welcome to criticize. I love learning.
I'm shorting oil on resistance at $85. Don't get me wrong I like making money, but if this head and shoulders triggers? We will be supporting not only our immediate family, but our extended families as well. This will take oil to $30 range. Only 1 thing takes oil near covid lows. That's a major drop in US markets. Watch March-May. If it triggers I believe will...
