


Badcharts
ExpertHow can I be late to the silver bull era when the party hasn’t even started? The rocket-ship moments for silver lie ahead—not behind us. There’s no need to front-run anything. No pressure. No rush. Just readiness.
You trade the charts themselves, not the recession fears. Market participants can have a run up for silver well into a recession then bottom in the abyss of it. And start recovering well before that recession ends!
A VERY RARE SIGNAL IN FAVOR OF GOLD. The cat is out of the bag. No more pretending this didn’t happen.
I have not shown you many silver charts recently, as nothing much has changed. BUT... It is getting close to a meaningful move, possibly on route to a $48 target. This will eventually open the gateway to $85 & higher.
Is that all the Nasdaq could muster against gold? A close below that red line and it could signal a 10 year hibernation for the stock markets.
Something is off on that daily chart for MicroStrategy... Momentum turning down (bottom pane)
WHAT IS A LOW RISK ENTRY POINT? First off, reminder that you will never find a low risk entry point at a low. You need upwards movement off a low to start creating the upwards velocity, to create the uptrend, which will lead to the faster, more sustained gains. The true party starts once the confirmed breakout occurs. -------------- Now, see the gold chart...
YES, platinum is trying to break out, priced in fiat. NO, platinum is not breaking out, priced in gold.
Tech giant Apple (priced in silver) still in a precarious situation.
A very short term outlook on the short end of the yield curve... This is a KEY chart to understand where the risks reside (recession or not). Where do you think this goes next?
Watch what the aggregate of market participants are doing. Above black= recession risk is lower Below red = recession risk is higher So no... the economy is not out of the woods yet.
Yes, MANY are now CHASING the gold price, trying to find shorter term corrections to jump in. The hard truth is that the BEST entries are FAR behind. MOST of the crowd often misses these VERY rare opportunities.
$3325 is the next breakout line $4000 target if price stays above the rising support line good above this support line
If the red line breaks during a Nasdaq meltdown… Game over. Gold wins.
History has shown us that using liquidity (m2) to anticipate stock market reaction is a dangerous game. It can work, until it doesn't. What always works is analyzing the price chart based on its own merits.
Gold has drifted sideways since I did my "I know, gold bulls don't want to read this" post. There was some peak euphoria back mid-April which led me to write that. Now, until this congestion resolves, there are no low risk entries.
Its getting really skittish for our "golden" friend! Its getting really skittish for our "golden" friend! Its getting really skittish for our "golden" friend!