icybergey

icybergey

The party has to end at some point, how about now?

icybergey

A nice pullback from the nearly $30 price reached back in August. Time for the continuation of the bull market, taking silver above $30, $50, and before you know it we'll be at triple-digit silver.

icybergey

With the fed making the money printer go brrr why keep money in dollars? Faith will be lost in the greenback sooner rather than later and I don't want to be in dollars when that time comes.

icybergey

Heavy overhead support paired with a weak fundamental outlook for Apple makes it look like an attractive short for an overpriced market. Q2 earnings will likely be weak taking the stock down significantly. While Apple may be using their cash to buy back the stock, this would seem like a short-sighted attempt of them trying to levitate their stock price. If the...

icybergey

Silver is primed for a big move and will likely far outperform gold in the coming years. There was blood on the streets for silver in March, but golds recent strength will pull silver higher until there is an explosion to the upside in precious metals with the breakdown of the US Dollar.

icybergey

Fed intervention is preventing true price discovery, due to extra risk in shorting. However, a stop slightly above the 5/8/20 opening high, could provide security if the trade goes the wrong way with MASSIVE downside potential. I personally am 80% gold/silver/gold stocks, and 20% short. Ultimately the crash of the dollar could leave short profits worthless. Gold...

icybergey Updated 

With the Emergency FED rate cut failing to produce a reaction to the market and the Coronavirus headlines continually introducing fear, this bounce into solid resistance will likely produce a sharp reversal to the downside. With expanded volatility and a cluster of stops likely below the 2/28 lows, this could be a very swift move to $230 by 3/13, a massive 23%...

icybergey

Potential Bear Flag setup. Everyone is way too optimistic about things getting 'back to normal'. Markets maxed out to the upside, time for the next leg down.

icybergey Updated 

The irrational exuberance around Tesla and its business model will likely fall apart as consumers who can afford their cars already own one and those who are planning on buying will no longer have the money to do so. The excitement around the stock will likely also fall apart as the price continues to decline as many only own because the price has kept going up....

icybergey

By nearly all accounts this financial crisis will be worse than in 2008. We haven't yet reached the 2008 VIX peak making me think that we are due for another large run-up in the VIX. With a slew of earnings to be released into next week, this might be the catalyst to drive new fear and selling into the market.

icybergey

Apple is backtesting the trend after a severe slice through it. An impulsive rejection of the trend here after the backtest would be a long term bearish indication for the company. United States consumers will no longer be able to afford Apple's expensive portfolio of products, this will cut into their profit margins in a big way. Kiss the stock buybacks goodbye also.

icybergey

2008 will look like a Sunday School Picnic. Too many fundamental issues in the US, VIX to at least match 08/09 peak, if not excceed.

icybergey

Americans have lived beyond their means for far too long and the FED has been there every step of the way inflating our dollar and asset prices. It's time for the air to come out. This will be painful, but necessary to restart on a solid foundation.

icybergey

Silver got oversold with the market but fundamentals have never been better. Time for silver to shine and outperform gold over the next few years.

icybergey

Expecting further downside in Tesla as their expensive cars will not be at the top of the shopping list of high net individuals during a recession/depression. Tesla has been way overpriced, time for the air to come out.

icybergey

Currently backtesting resistance on the weekly chart. A rejection of this level could send us way down. Fundamentals aren't likely to improve for a few weeks which could prevent buyers from stepping in, and force sellers to continue selling due to margin calls and leverage.

icybergey

Silver has underperformed gold, leading to an incredibly elevated gold/silver ratio of 1:120. With FED actions proving to be bullish for precious metals as the government is printing massive amounts of dollars, it's a GO for Silver. The gold/silver ratio could easily return to around 1:40, which would represent a 3x outperformance of silver when compared to gold....

icybergey

The US Dollar has seen tremendous strength in the face of all sorts of FED programs and money printing for too long. Today's FED actions, signal unlimited purchases of various asset types, requiring massive money printing to fund. A breakdown of short term trends will likely lead to an additional downside. This may be the high watermark for the US dollar. I'm very...