CLICK ON CHART TO ENLARGE Shared this chart with Premium Members 13 days ago reflecting that Silver on a “Monthly” basis was facing dual resistance lines at (1). For aggressive investors that are looking to score on defense, the dual resistance presents a good price point to build short positions in Silver, with a stop just [...]
CLICK ON CHART TO ENLARGE Shared the chart above with Premium Members a few days ago, sharing that you would want to be on board the breakout. The above chart reflects that once SLV edged above the Gap fill at (1A) a breakout was at hand. A positive besides the breakout is the break above falling [...]
The “Power of the Pattern” was reflecting in the 3-pack below that Gold looked to be creating a repeating pattern that was critical to key sectors in the past. At the same time Gold looked to be creating a repeating pattern, it was hitting a Fibonacci resistance point (61%), where if history was any guide, Gold would pick [...]
Last week the “Power of the Pattern” reflected that Gold could fall up to $500 an ounce, if a key support line in the chart below was to give way. (see post here) CLICK ON CHART TO ENLARGE Shared the charts below with Premium members yesterday morning reflecting that GLD and SLV remained inside of [...]
When it comes to investing, I don’t care much for crowded trains/crowded trades! If an asset class becomes too popular, who else can buy it and drive it higher? Back in August GLD became the largest ETF in the States, inflows were hitting record levels, Gold was hitting channel resistance and a 30-year Fibonacci extension [...]
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