Copper could easily pop to $6,7,8,9,10 per pound in a very short time frame. Part of that equation is how worthless the dollar is. Most of the equation is just how useful copper is. At this point, it's purely a basis of mathematics. Human civilization needs copper. It's scarce. Recycling isn't cheap. I could go on and on and on about this. Electricity is what...
The bright green is what I foresee. A solid reversal after a decent correction. I see $36 as the next average level for Silver. If the markets turn more bullish I see $38-45 as a very real possibility. DYOR. Trade Slick.
There is a lot of volatility in the markets this week, so I'll be watching how things unfold to develop this idea more. But to me it looks like for Silver $25 could be a current floor, and another rally could bring it back to $32 or higher. I expect a overall bullish transition into 2025. DYOR Trade Slick
I see July ending strong for Silver, in the $33-$35 range. We'll see. Side Note: Political Violence = Everyone Loses. Be gentle out there. Trade Slick. DYOR.
These are four of the many routes silver might take after reaching 11-year highs recently. DYOR Trade Slick
I expect a big move on this metal. Not sure when, but I'm already increasing my holdings of it.
A lot of profit-taking could bring silver into correction to around $25-29 before retesting its recent highs. DYOR Trade Slick
I noticed this today (4 July 2023) and thought I'd share it with the community. I see bullish and bearish indicators both at play, but this could be a good thing.
The further I look back on the Silver chart, the more I am convinced of this scenario (though it is not guaranteed), and I see $27.70 (ish) as a strong support level. If it holds, I see ~$33 as the next movement. I go strictly by the charts. Politics and Monetary Policy could affect this scenario GREATLY. DYOR. Trade Slick.
If the markets continue to allow the metals to perform, copper could EASILY fly to $4.75 or higher in less than a year. DYOR Trade Slick
Frankly, $70 Silver does not sound crazy to me. I don't do advice; I only do patterns. DYOR. Trade Slick.
Looking back on the chart, massive climbs were often preceded by abrupt dips. Stay shark.
Show me $4.50/lb copper. I'm ready for it. A bull run could top far higher than that too. I think $4.50 is a very conservative speculation. DYOR. I go strictly by the charts.
<3 A correction is due. If it comes late, I'm not surprised. If it comes soon, I'm not surprised. If Silver climbs even HIGHER before it comes, I'm not surprised. Doesn't matter. What does matter is what price point is its new 'bottom' and what it does after it touches that point. I'm watching. DYOR. Trade Slick.
Multiple support levels below current price are pretty strong. A lot depends on where the next few weeks take us. I see March as a possible reversal time or a possible turn to the downside. The Fed's decisions throughout the year will have an impact on silver's behavior. DYOR.
I see this route upward as one of the possible scenarios going forward. Judging by prior performance, I wouldn't be surprised by some short-term volatility. DYOR. Trade Slick.
Prices of gasoline always seem high but how high might they become? Would you drive places often if gasoline was $0.25 per gallon? How differently would answer that question if gasoline was $25.00 per gallon? Food for thought. Take care of your legs. DYOR
Keep in mind that this chart is priced in USD. A dollar is a dollar. This pattern looks bullish to me. Big time. DYOR. Trade Slick.