GLD and SLV's volatility index serve as an alternative to gold vs silver ratio. I identified a zone where once above, you are in a precious metals bear zone. Extremes have also marked important tops and bottoms for silver. This is now at a sweet spot for turn around!
Is this the precious metals stand? If silver junior miners refuse to go down, while the metal itself drifts down, I see this as a good turnabout point.
Gold has a tendancy to reach it's Fibonacci Circles 3.618 extension. It's done it twice before. Will it do it again? Target over 6k in 2026.
Using Fibonacci circles to see where extensions could bring us... and where resistance lies. If we can pass current equilibrium, touch of 55$ can happen as early 2021.
Gold vs silver ratio is dead cat bouncing after being saved by inclining Ichimoku cloud defined support. But that's it! Next fall is for the count! Enjoy you Precious Metals, specially Silver!
Having fun with Ichimoku cloud defined support, resistance and trends! Weekly is a good transition time frame... will uptrend hold? Cloud doing it's thing for now.
Looking at Uranium futures on weekly chart with Ichimoku clouds. Visuals are all-in-one tools to see support and trend. Add on top of that an arc.. and you increase chances of spotting skewed risk vs reward opportunities.
As defined by Ichimoku cloud defined support... monthly breakdown on cusp or reality. Support cloud did it's thing, but running out of runway. Where are your bet placed?
Dow vs Gold. Dow vs Silver. Both in bear market rallies, testing breakdown lines. US equities UP... but gold and silver more!
Yearly log chart for Dow Jones points to a test of upper band, and maybe a blow-off top outside! Gonna be fascinating for sure watching this unfold.
Copper, Platinum, Sugar and Silver make up the knights round table, with gold as King Arthur! And like all fables, the king is last to fall!
Using daily chart and Ichimoku Clouds, You get a sense of how silver preferred it's correction, in time and price. Also get to see a case where the price action refused to make new highs BEFORE dipping back below the Cloud, which coincided with Silver hibernating for many years.
Again, silver not for feint of heart. Understand what you are signing up for. #gold #silver $slv $gld $gdx $gdxj $sil $silj #fintwit
Gold's current correction was of the most silent violence, almost deep as March Madness sell-off... Yikes! #gold #silver $slv $gld $gdx $gdxj $sil $silj #fintwit
### ALERT ### !!! Cuban missle crisis !!! Well, not really... one last hope for non conforming precious metals macro drivers. #gold #silver $slv $gld $gdx $gdxj $sil $silj #fintwit
Wow, might get another 4th red monthly close for gold. If that won't wear you out... not sure what will. Important part is to see weight of evidence context. Closing in on go time...
Gold and 30 year t-bonds on cusp of next big move... cliff hanger stuff!