Gold is looking to break out of the consolidation pattern it has been stuck in for the last few months. Once this breakout occurs I would expect a similiar gain and time frame compared to last years bull run. This would equate to a target price of $2500/oz by June 2022, followed by another consolidation period.
Silver is forming a bullish ascending triangle with the potential to break out in the coming days or weeks. It may be possible to get another rejection on the resistance line, but I would imagine as the economies of the world reopen and velocity of money starts to pick up, inflation will drive silver up to old highs this year. Long/hold position is wise at this...
The time to buy the British Pound is now. With Brexit now finalised, the uncertainty over the future of the UK economy has been removed for the most part and is now looking more optimistic.
The British Pound will rally against most currencies imo, but especially against the USD. Technically and fundamentally this is the perfect time to be long GBP.
As can be seen a downward pointing wedge has been formed from 12 years of price action. In the last month the platinum price has broken out. Large patterns usually have large movements, when they're broken and I expect the price to march higher.
The commodities/stocks ratio is now at the end of its bullish downward wedge pattern formation and about to breakout in the next year or so. This will be highly inflationary and will lead to the next commodities bull market. You'll want to be in commodities, rather than stocks during this period.
But everything was telling me bitcoin was done and the altcoins would be taking over. That didnt happen.
Maybe bitcoin always rises but the altcoins may rise faster.
In either case, next resistance for bitcoin is $20k. If it breaks through, the sky is the limit.
The breakdown of the ratio is indicative of a bull run in PM. I would expect the ratio to hit 100 in the coming weeks/months and expect a breakdown of the ratio in the coming years as the bull run really gets going.
To be taken with a pinch of salt. The theory is relatively simple. When the VIX and Gold Silver ratios get so far out of the normal range, they tend to reverse but slowly over time. This usually leads to a bull run in the GDX and Silver prices if played out similiar to 2008. I would anticipate the Gold and Silver miners and Silver to be a buy in the coming months,...