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,...
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!