Gold and 30 year t-bonds on cusp of next big move... cliff hanger stuff!
Road map is pretty clear, a fast move is in the cards for a close above 31$. Then LOTS of fuel to climb VERY high till 2027-28. Enjoy!
Now, if real rates can stick below -1%, then we have more evidence a 2010-11 melt-up is right around the corner for silver. I mean RIGHT AROUND THE CORNER!
I see same 2010-11 bullish setup for silver in regards to price action AND commitment of traders. That setup led to an insane melt-up. GET READY! #gotsilver #silver $slv
I have an idea where silver will be in next 12-24 months... and where fed fund rates will be. Now where will inflation rate be?
30 year real yields on 1 day, 2 day, 1 week, and 2 week time frames all got bearish signals stamped over them... so time for my classic "Timmmmmmmmmmmbbbrrrrrrr"!
Until rates increase, but more importantly SURPASS inflation rate, then gold is pressure cooking up, and up, until a real blow off top... target end of decade.
If the arc holds, Euro Sun can build momentum and catch up to reach it's implied measured moves. See the price action below the arc, that is noise from smaller time frames. The close is what matters. Now it's already behind schedule, so it better get moving!
Wow... 30 year real yields down 12.5% today... for a 6th touch of ascending trendline. 'Nuff said.
Finally, to remove noise, I added a 8 week moving average to the $gld vs $slv volatility indexes. Guess what? I saw a strange resemblance to the gold vs silver ratio! Could still be some more room down... good for gold and silver.
Sometimes I find some cool new rabbit hole, and wish I had more data! Check out the ratio for $gld vs $slv volatility! Spotted important tops and bottoms. Just wondering how this looked prior to 2011...
2002 sealed the deal for the demise of the US Dollars. Point of no return until crescendo parabolic move for gold (end of decade) and an exit from negative territory for real rates, ala Paul Voker!
Renko chart reduces time noise, painting a clearer picture for pure price action analysis. Silver lead the way previously and doing so again. But the key takeaway is platinum's entry into the commodity bull era. Another piece of puzzle.
A lot of hard work already done by silver to get it back in Chaikin positive zone. Now on the cusp of a breakout on price and indicator action. Question is, will it go parabolic now OR later?
Platinum is acting very supportive of an inflation driven commodity bull era. Chaikin Money Flow shows discounts volume and candle strength, showing the underlying strength of momentum. Looks great!
It always get tighter than expected... testing our patience. Using commodity channel index to spot imminent failure... oh man.. soo close!
ADX tracks a trend, whether up or down. If we got a monthly defined breakdown with completed back test, I'd favor a strong continuation downwards when ADX picks up steam!
Silver's ADX on monthly chart has given great indication of trend. It just overcame the final resistance roadblock. Clear skies ahead!