Adven_Rader

Adven_Rader

With gold up near 2000 once again and seeing bullish sentiment building it behooves us to watch the technicals and there's nothing bullish about miners. Some are saying inverse head and shoulders but you'd be betting on a major breakout in gold witch seems unlikely with all but WW3 priced in. Major gap on majors and minors below is the target by year end.

Adven_Rader

Miners should move down into January. Until the first rate hike stay short.

Adven_Rader

Hello everyone, I am predicting a rise and very likely big fall of the gold miners. Seasonally the last 3 years the precious metals space has risen into the end of the year and peaking in early January. I do not expect any different this year with Powell recently coming out at the last FOMC meeting and saying 3 rate hikes in 2022. But what about all the money...

Adven_Rader

After the 2008 crash silver went into a similar ascending triangle pattern before taking 2 years to finally breakout. Been 1 year 4 months since the covid crash. Gotta have patience, just tested the 50week/200day MA similar to just before the 2010 breakout.

Adven_Rader

The last time the GDXJ had a falling wedge was around June 2020 FOMC, we have an FOMC coming up next week. High probability consolidation is over in this sector and metals will trend higher in the coming months thus sending miners on a new up trend.

Adven_Rader

The recent narrative in the main stream is sell your bonds because inflation is coming, and by the way also sell that yellow rock because the US10Y hit an insane 1.6% recently! (sarcasm), bonds are just mean reverting in my opinion and all markets do this. I see the bond and gold selloff as overdone. When sentiment gets this negative around gold it has resulted in...