The current bull run in the dollar could be coming to an end by the latest 2021. By thenwe should see a strong reversal in the DXY as the Fed likely eases to avoid the coming forecast recession. Prepare accordingly by amassing hard assets such as gold, silver and other commodities.
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.
Bottom support line broken. $3000 per BTC is the new target.
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...
Image left with no comment. No predictions made here. Simply a statement that the long term bull market pattern is still in tact and seems to be setting up in a very similiar way to the 1980's bull market.
This chart would suggest we are very close to a complete and utter collapse in stocks. The rising bearish wedge pattern indicates when something is far overbought and usually corrects dramatically to the lower side, usually caused by some sort of catalyst. The Fed losing control of REPO may be that catalyst or may be just the start of something even more dramatic....
The last time this occurred a new bull market in Gold began. The movement in Gold in the last couple of months confirms this breakout.
Platinum to Palladium ratio at historical low inside a descending terminal wedge. Key signal that higher Platinum and lower Palladium prices are due in the next phase of the move. Long Platinum and Short Palladium here.
Gold is likely to find strong resistance at $1520-$1533, if it doesnt break through we would anticipate the resistance at $1366 area would become support for the next move higher. The head and shoulders pattern we saw a few months ago, also appears to be near completion which is why we anticipate the Gold price not to go much higher under it has consolidated...
Hard-Brexit and the upper trendline will be broken. Soft-Brexit and the lower trendline will be hit again but due to strong support at this level I feel it is unlikely to be broken.
Silver in the world currency unit is about to break out, or break down again. Based on current bias in the Gold market I would anticipate it breaking higher. Gold/Silver ratio has broken out vertically. Only a matter of time till that reverses along with a bull run.
Expect the gold/silver ratio to leap higher as silver underperforms Gold. Gold will rally but silver will remain muted, at least for a while. Then as the Gold/Silver ratio hits resistance at around 100 a clear buying opportunity for silver will emerge. Gold should rally as the Gold/Silver ratio collapses and therefore Silver is a screaming buy at these levels....
As we all know when a 20 year trend breaks, it tends to break quickly and harshly. When the Gold/Silver ratio drops that also means Gold and Silver tend to be in a new bull market. This cannot go on for ever but I could go on for one or two more years before a decision needs to be made by both markets.
Anticipating a target of $1520/oz once the resistance at $1370/oz breaks and the head and shoulders pattern completes.
Gold priced in world money has broken out. The special drawing right is IMF money comprising of the main world currencies. Indicating a major bullish reversal in the gold price higher is away.
Break in the USD/JPY upward trend indicates higher gold prices may be imminent.