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,...
Gold has broken out of some short term consolidation. Past experience shows us that when this happens large moves in the price follows. Movement in the miners confirm this was due. Expect the price to reach $1750/oz by mid summer.
Simple head and shoulders pattern. May lead to a correction in stocks, but too soon to tell. Certainly a correction is coming unless the Fed pumps the market with so much liquidity they are forced to buy the dips!
The GDX ETF is about to break out. Initial target is the high 40 as this is the next resistance level. This also coincides with the 50% fibonacci retracement level. I would expect some consolidation following this target being met, eventually heading higher.
Gold has to break above $1485 in order to proceed higher. Catalysts could be the fed meeting today or the December 15th tariffs going into play. Either way we should see a strong rally following this breakout. Otherwise a breakdown would occur and I think this is less likely based on the buying action over the last couple of months and the increase in tensions...
There could be three pumps in total by the whales. The second pump has just finished and the price is now falling to $5000. If the bottom line support holds, expect another pump by the whales taking Bitcoin back to around $9000 once more until it finally collapses. Just my take.
Based on previous breakout of downward trendline the potential for huge gains over the next month or so are great. The Meridian conference over the next couple of days will likely provide a huge clue as to the scale of the next move higher.
My expected gold move in the next few years. Gold will break higher and hit resistance near $1800/oz and then will fall lower. The fall lower will coincide with previous resistance become new support for the next leg higher all the way to $5000/oz - $8000/oz by 2030.
This is a real possibility now that the downtrend for the last month or so is about to break. We are also seeing great weakness in the gold/silver ratio which means we should see silver outperform gold in the coming months. Therefore $21/oz is possible should the gold/silver ratio drop to around 70-77 depending on the price of gold. Watch the breakout.
XLM has broken up from its downward wedge and looks to aggressively regain ground as Bitcoin's price comes under pressure.
XLM has partnerships with IBM, Deloitte and other national banks in emerging countries.
XLM is a much quicker payment system, much cheaper and much more decentralised than Bitcoin. Furthermore it is open source and therefore is likely to...