Researching & writing about the price fluctuations of financial assets since 1997 using classical TA & EW analysis. 3rd Gen Vancouver Real Estate. El Salvador.
$GLD ~ The Gold Train Now Departing. After a 12-year consolidation, the gold train left the station in 2005, embarking on a breathtaking 6-year bull run to previously unthinkable highs. Today in Jan 2024, gold is in a nearly identical setup. Chart from AG Thornson. $SLV $GDX
#btc
The U.S average annual mortgage payment is now 35% higher than the mortgage bubble in 2006. The only difference is now in 2022 we have 8.5% inflation and 50x the debt. With the Fed 8% behind the curve battling the monster known as inflation things are about to get wild. $GLD $SLV
First Majestic Silver still has a record high "Short Position" which needs to be destroyed immediately.
#silversqueeze
is trending worldwide tonight on twitter! Lets Go! $AG $SLV $CDE $EXK $MAG $HL $PAAS
#silver
#gold
Amazing {Big Picture} chart of
#gold
from Stewart Thomson back in July 2020. It took 10 years for this beautiful {H&S} bullish bottom reversal to setup so it might be the last large setup in gold that i see in my life on earth so you know i am going to try and play it. $GLD $SLV
This might be the best gold analog chart i have ever seen. When you overlap the yellow 1970-1980 inflationary gold bull market over the green 1999-2021
#gold
bull the correlation is unbelievable. Chart from Mike Maloney. Protect your fiat holdings from oncoming inflation. $GLD
I just want to thank all my followers over the years who have enjoyed this crazy ride. I am now fully retiring from the financial markets. I will be spending most of my time on beaches in Mexico & El Salvador. Good luck to all and i hope you find what you are looking for.
We are in the final blowoff top to new all time highs in $SPY & $QQQ. Would you expect anything less after the DJIA just had 13 green daily bars in a row which was the best bull run since 1987. This is a historic bull run! The Fed has raised interest rates 525% in 1 year. $DIA
With $GLD $GDX stocks exploding yesterday as the stock market collapsed lets take a look at the 40 year seasonality in gold. We are on the cusp of entering the sweetest window for gold between July & Oct. The stars are finally aligned for a huge run in precious metals $SLV $NUGT
Congratulations gold and silver bulls because whales are waiting to buy that generational blue sky breakout in gold similar to what bitcoin did when it broke out over $1000 in early 2017 and subsequently moon shot to 20k in 10 months. Textbook Elliott {Wave 3} setup. $GLD $SLV
Gold {Monthly Close}. {Cup} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} correction which can end at any moment. Inflation is 8% & rates are 0.25%. GDP is contracting & $AMZN had it's slowest sales growth since 2001. $GLD
Incredible 40+ year {C&H} setup in
#silver
. I post this chart several times a year so silver bulls don't lose sight of the prize in the 2020's. The correction since 2011 has been the {Handle} setting up. Ethereum had a similar price structure in 2017 before it advanced 3 fold.
$GLD ~ Gold's 1st monthly close above the $2,000 level in the history of human civilization. Good luck to all. $SLV $GDX $GDXJ $SILJ $GOLD $BITO $BTC
#gold
#silver
#Bitcoin
With every hedge fund looking for more boomer "Short Sellers" to smash its only a matter of time until they realize the price of
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&
#silver
have been suppressed since 1971 with short selling and derivative manipulation. I think the sharks smell blood in the water. $SLV $AG
Congratulations to everyone in the silver community. Some of us have been waiting years or decades for this moment. Enjoy it. $SLV $AG $CDE $EXK $HL $MAG $SIL $PAAS $SILJ
#silver
#SILVERSQUEEZE
This is by far my favorite chart of 2020. When you overlap the yellow 1970-1980 gold bull market over the green 1999-2020 gold bull the correlation is unbelievable. The
#gold
bull market will try to buck you off any chance it gets! Chart from Mike Maloney. $GLD $SLV $GDX
#silver
14% of silver investment supply bought in 1 day last week. Most of us in the silver have been waiting since 1979 for someone like the Hunts to massacre the "Short Sellers" that have been suppressing
#silver
&
#gold
to keep the psychological impact of money printing invisible. $AG
Once gold gets over $2000 we could also see a rocket shot in silver and gold stocks to close the price gap disparity. The setup for rapid potential gains in silver and gold stocks is mind boggling and does not come around very often on Wall Street. $GLD $GDX $SLV $AG
#silver
#Silver
20 year monthly close. You can see that the {Wave 5} top in 2011 was the right side of a giant 31 year {Cup} from the 1980 high of $50. The correction since 2011 has been the {Handle} setting up. If i was heavily short silver i would be very nervous. $SLV $GLD $CDE $AG
As we enter a stagflation economic environment not seen since the 1970’s i am keeping the bible of 1970’s inflation history “The Invisible Crash” close at hand. Here is one of my favorite passages that rings eerily true in 2022. Thank you Jim Dines. $GLD $SLV $GDX $SPY $QQQ $DIA
Another classic gold analog chart. This one is from "Game of Trades" youtube. You can see clearly that the current gold bull market since the year 2000 in red is tracking the historical inflationary 1970's gold bull in yellow near perfectly. We are currently in 1978. $GLD $SLV
Fantastic chart that crossed my desk today showing that only 3 times since the year 2000 has "YOY" margin debt increased 2 standard deviations above the mean. 2021, 2007, 2000. Don't say there were no warning signs. Amazing times. $QQQ $SPY $DIA $TSLA $SQQQ $TZA $SDS $GLD $GBTC
Silver. Monthly Close. Up over 8% for the month of May. On the cusp of breaking out over $30.35 into a impulsive {Wave 3} advance with the target being the 2011 $49.82 highs. Once we break that level it will trigger the 40 year {C&H} setup long. Silver respects Elliott Wave. $SLV
$GLD Gold. Weekly Close. It has been a very long & frustrating journey since March 2020 to get to this opportunity in gold & silver from a technical perspective. Many thought that gold would sniff out this current inflation crisis much earlier than Feb 2022. But here we are. $GDX
$GLD ~ After a 12-year consolidation, the gold train left the station in 2005, embarking on a 6 year bull run to unthinkable highs. Today, gold is in a identical setup and if GLD can get over 195 it will confirm the gold train is again leaving the station. Chart from AG Thornson.
Silver is in a raging bull market but compared to all past silver bull markets over the last 50 years where are we?. This fantastic silver analog chart from Jordan of "The Daily Gold" fame shows that we are basically in the 1st inning of a 9 inning game. Good luck to all! $SLV
Gold. {Monthly Close}. Beautiful large {C&H} setup with {Wave 3} fully confirmed. We are currently in a minor {Wave 4} pullback which is forming the {Handle}. Notice that silver is on the cusp of a {Wave 3} advance. Amazing! $GLD $SLV $GDX $AG $EXK $AG $CDE $XAUUSD
#gold
#silver
Nasdaq mania update. This is a 30 year chart showing how similar the 2010-2021 bull market is to the 1990's euphoria. We have now broken above the uptrend channel just like late 1998 giving us a 12-18 month window. A rug pull can happen any moment. IPO & SPAC mania. $SQQQ $QQQ
$GLD Gold. Weekly Close. It's been a very long & frustrating journey since March 2020 to get to this opportunity in gold & silver from a technical perspective. Many thought that gold would sniff out this current inflation crisis much earlier than March 2022. But here we are. $GDX
Don't take your eyes off the big prize. When you overlap the yellow 1970-1980 inflationary gold bull market over the green 1999-2021
#gold
bull the correlation is unbelievable. Chart from Mike Maloney. Protect your fiat holdings from oncoming inflation. We are in 1978 $GLD $SLV
#Silver
20 year monthly close. You can see that the {Wave 5} top in 2011 was the right side of a giant 31 year {Cup} from the 1980 high of $50. The correction since 2011 has been the {Handle} setting up. If i was heavily short silver i would be very nervous. $SLV $GLD $CDE $AG
Since being in Mexico i have received a tremendous amount of feedback especially from those closest to me. They have persuaded me that it’s in the best interest of my mental health to keep sharing my chart work publicly and not keep it locked inside my head. Thank you everyone.
$SLV Currently still advancing after breaking out of the large triangle last month. We could be in the early stages of a {Wave 3} advance which might already be subdividing. A breakout over $25.74 would be extremely bullish. A legendary silver short squeeze cometh! $AG $CDE $GLD
Huge {Bullish Triangle Breakout} today in the GDX on the 1 year {P&F} chart. The downtrend line from May 2021 has now been broken to the upside. Very large buy volume across the gold and silver space today. $GLD $SLV $GDX $GDXJ $SILJ $SIL $NEM
#gold
#silver
This might be the best gold analog chart i have ever seen. When you overlap the yellow 1970-1980 gold bull market over the green 1999-2020 bull the correlation is unbelievable. The
#gold
bull market will try to buck you off any chance it gets! Chart from Mike Maloney. $GLD $SLV
Gold {Monthly Close}. Beautiful large {Cup} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} correction which can end any moment now. Inflation is 8% and rates are 0.25% $GLD $SLV $GDX $GDXJ $NUGT $SILJ $NEM $HGU.TO $PSLV
#gold
$GLD ~ ATH’s ~ The Gold Train Now Departing. After a 12-year consolidation, the gold train left the station in 2005, embarking on a breathtaking 6-year bull run to previously unthinkable highs. Today in Sept 2024, gold is in a nearly identical setup. Chart: AG Thornson $SLV $GDX
As we enter a new American administration for the next 4 years just understand the $1.9 trillion of fiat paper debasement is just the first of many rounds of classic helicopter money drops. This 50 year $silver chart is telling you to prepare for unlimited printing. $SLV $GLD $AG
$GLD ~ Gold, the bull view. Just sit back & wait to see if gold can indeed breakout over $2100 on mega volume & then at that point the gold & silver floodgates will open for the bulls. Chart from AG Thorson. $SLV $GDX $GDXJ $GOLD $SILJ $BTC $BITO
#gold
#silver
#Bitcoin
With attention on smashing the silver shorts don't take your eyes off gold.
#Gold
also has bullion banks that are heavily short and need to be evaporated immediately. Notice the large {Cup} unfolding since 2011. Once we get over $2100 there is going to be a massive short squeeze
$GLD
#Gold
{Weekly Close}. Gold was coiling inside a large classical {Triangle} and is now starting to breakout. Extremely beautiful price structure. Massive pressure is building here. {Pitchfork} fits well. $GDX $GDXJ $NUGT $HGU.TO $SILJ $PSLV $SLV $NEM $SAND $FNV
#silver
#gold
Silver. Monthly Close. Patiently stalking a breakout over $30.35 which will trigger a impulsive {Wave 3} advance with the target being the 2011 $49.82 highs. Once we break that level it will trigger the 40 year {C&H} setup long. Silver respects Elliott Wave. $SLV $SILJ $GLD $GDX
If people thought the American housing bubble was crazy in 2007 Canada is trying to 3x that in 2022. This chart is from 2021 so with inflation now 8% American and Canadian disposable income has disintegrated much faster. I can’t wait to find out how this bubble pops. $GLD $SLV
$GLD ~ Never forget that the WSJ wrote on Sept 20, 2022 that gold lost it’s {Safe Haven} status. Historic contrary low just like the classic 1998 Bank of England gold sale at 250! $SLV $AG $HL $MAG $SILJ $SIL $GDX $GDXJ $NUGT $XGD.TO $HGU.TO $SPY $QQQ $DIA $TLT $BTC $BITO $NEM
This is a
#gold
chart i have been using since 2003. Its a great example of the fractal movements in financial markets on all time frames. In 2003 i noticed that the move between minor wave 3 and 4 in major {Wave 1} looked just like the 21 year move in gold from 1980-2001. $GLD
Gold {Monthly Close}. Beautiful large {Cup} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} correction which can end at any moment now. $GLD $SLV $GDX $GDXJ $NUGT $SIL $SILJ $NEM $NGT.TO $HGU.TO $PSLV $AG
#gold
#silver
Another fantastic silver bull market analog chart. When you compare the most recent silver bull market that started at the depths of the March 2020 lows with all the silver bulls of the last 50 years you can see not only are we early in the bull but big gains await. $SLV $AG $CDE
$GLD ~ Gold hitting all time highs today. Playing out perfectly so far. Good luck to all. $GDX $GOLD $NEM $AEM $SLV $SILJ $BTC $BITO $IBIT $HODL
#gold
#silver
#bitcoin
Don't lose focus on the big prize in
#silver
. The 40 year {C&H} setting up in silver. From a fractal point of view it's very similar in structure to Ethereum in 2017 before it went from $500-$1500. The only difference is time frame so be patient please. Kimble charts. $SLV $GLD
This is one of my favorite pages in Jim Dines 1975 classic book detailing the 1970’s stagflation step by step. This passage rings eerily true in 2022 as we enter a decade of stagflation in the 2020’s. Its all about oil & gold now. Hard assets outside of the digital matrix. $GLD
$GLD ~ Gold, the bull view. Just sit back & wait to see if gold can indeed breakout over $2100 on mega volume & then at that point the gold & silver floodgates will open for the bulls. Chart from Clive Maund. $SLV $GDX $SILJ $GDXJ $GOLD $BTC $BITO $IBIT
#gold
#silver
#bitcoin
Gold’s 10 year {C&H} breakout that is on the desk of all gold & silver bugs. This current correction has created a huge buy signal if we breakout over the last high at $2050 with the stop placed immediately at $1999. $GLD $SLV $GDX $GDXJ $NUGT $SILJ $GOLD $NEM $XGD.TO $HGU.TO
I post this incredible 40+ year {C&H} setup in silver at the start of every month so
#silver
bulls don't lose sight of the prize in the 2020's. The correction since 2011 has been the{Handle}setting up. Ethereum had a similar price structure in 2017 before it advanced 3 fold. $SLV
Gold {Monthly Close}. Beautiful {Rounded Bottom} or {Cup} with {Wave 3} fully confirmed. Once we breakout over $2090 all hell will break loose to the upside. Classic backtesting of the 10 year {Cup} breakout. $GLD $SLV $GDX $GDXJ $GOLD $NEM $AG $KGC $CDE $XAUUSD
#gold
#silver
Live look at the gold short sellers getting absolutely smashed as the {Double Bottom} has been hammered in. Congratulations to those who believe
#gold
&
#silver
are not dead as a speculative asset class. Inflation is coming. Protect your fiat holdings accordingly. $GLD $SLV $GDX
Gold. {Monthly Close}. Beautiful large {C&H} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} pullback. Notice that silver is on the cusp of a {Wave 3} advance. Amazing! $GLD $SLV $GDX $NUGT $HGU.TO $PSLV $CGL.TO
#gold
#silver
It sure looks & feels like a 3rd generational bottom has been hammered in Commodities relative to Wall Street Paper. The last 2 bottoms in 1972 & 1999 lead to monster bull markets in
#gold
&
#silver
as governments debased fiat currency's at increasingly rapid rates. $GLD $SLV
Days like today in the $SLV & $GLD market make me laugh with contempt. I don't always agree with "GATA" as i like to respect the price action itself but today was classic textbook GATA action. With bitcoin at $40k+ what better way to play psychological warfare on a Fri close.
I post this incredible 40+ year {C&H} setup in silver at the end of every month so
#silver
bulls don't lose sight of the prize in the 2020's. The correction since 2011 has been the{Handle}setting up. Ethereum had a similar price structure in 2017 before it advanced 3 fold. $SLV
Gold {Monthly Chart}. {Cup} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} correction which can end at any moment. Inflation is 8% & rates are 0.75%. GDP is contracting & $AMZN had it's slowest sales growth since 2001. $GLD
Gold. {Monthly Close}. Beautiful large {C&H} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} correction. Notice that silver is on the cusp of a major {Wave 3} advance. $GLD $SLV $GDX $GDXJ $NUGT $HGU.TO $PSLV
#gold
#silver
Beautiful Silver ~ S&P500 ratio chart. Basically all you need to know is that the last time silver was this cheap was the 1999 bubble. Now here we are again in another tech bubble that's "Different This Time". I like silvers odds here very much compared to Wall Street paper. $SLV
Much like the GFC in 2008 housing stocks peaked about 12-18 months before the collapse of home prices. You can see that $Z in red peaked last year in April 2021. There is now a wide gap that needs to be filled here which means home prices in blue are coming way down. $GLD $SLV
$SILJ $SLV Stocks ETF. This is the one chart that makes me think a gold bearish {Triple Top} at the 2080 might not happen. You can clearly see a bullish {C&H} setup here with a measured target of 16. This chart is telling me that silver and especially gold are going to go higher
Don't forget to keep your eyes on the big prize in silver. The 40 year {C&H} setup in silver. A very similar technical structure was noticed in Ethereum in early 2017 before it advanced 3 fold in 9 months. What this chart says is get ready for fiat debasement. $SLV $GLD
#silver
When you look at the 60 year inflation adjusted price of gold it has not even broken out yet. I will be even more excited when gold breaks out over the downtrend line at $2300. The long term target would be the 1979 high of $3000 gold by 2022. $GLD $SLV $GDX $GOLD $AG
#gold
What the average person doesn't realize is that the $GLD & $SLV sector is extremely small & even a small uptick in interest can cause prices to skyrocket like we saw earlier this week on Monday. Once demand for coins intensifies miners will have to dig the expensive stuff.
Gold. Last {Monthly Close} in 2020. Beautiful {Rounded Bottom} or {Cup} with {Wave 3} fully confirmed. Once we breakout over $2090 all hell will break loose to the upside. Notice that silver is on the cusp of a {Wave 3} advance. $GLD $SLV $GDX $GOLD $AG $CDE $XAUUSD
#gold
#silver
#Gold
{Monthly Close}. At times like this with nothing happening in gold with inflation at 50 year highs i think of Jesse Livermore "Sometimes the market takes it's time doing what you thought it must do". I am not even going to look at $GLD until we breakout over 2100. $SLV $GDX
Congratulations gold bulls on $2000 gold. Its been a long road to get here since 2002 and $350 gold. I would like to thank my mentors Jim Dines, Doug Casey, Eric Sprott, Jim Puplava, John Embry. Thank you for teaching me back in 2002. Good luck to all! $GLD $SLV $GDX $GOLD
#gold
$GLD ~ Gold, the bull view. Just sit back & wait to see if gold can indeed breakout over $2100 on mega volume & then at that point the gold & silver floodgates will open for the bulls. Chart from Clive Maund. Good luck $SLV $GDX $GDXJ $SILJ $BTC $BITO $IBIT
#gold
#silver
#bitcoin
$GLD Gold {Weekly Close}. Gold was coiling inside a large classical {Triangle} and is now starting to breakout. Extremely beautiful price structure. Massive pressure is building here. {Pitchfork} fits well. $GDX $GDXJ $NUGT $HGU.TO $SILJ $PSLV $SLV $NEM $KL $FNV
#silver
#gold
Gold {Monthly Close}. Beautiful {Rounded Bottom} or {Cup} with {Wave 3} fully confirmed. Once we breakout over $2090 all hell will break loose to the upside. Notice that silver is trying to hammer in a {Wave 2} bottom. $GLD $SLV $GDX $GDXJ $GOLD $AG $CDE $XAUUSD
#gold
#silver
Now that smashing boomer "Short Sellers" has become a worldwide phenomenon maybe this is finally the momentum that breaks the back of the gigantic short position hanging over the silver market that GATA has been taking about for 30 years. $SLV $GLD $GDX $SILJ $CDE $AG
#silver
Don’t look now but gold stock blue chip Newmont Mining just closed above its 200 day MA for the first time since July 2021. Up 8%+ today when the Nasdaq and crypto stocks are getting hammered lower makes it extra sweet. Like to see it hold here for at least a few days. $GLD $GDX
$AG Silver Stock. Weekly Close. Unfortunately we have another bearish multi year {H&S} top that has broken down this week. The technical measured target is $4. Major breakdowns in many
#gold
&
#silver
stocks & indexes this week. $AG needs to get over $15 to invalidate. $SLV $GLD
This might be the best gold analog chart i have ever seen. When you overlap the yellow 1970-1980 gold bull market over the green 1999-2020 bull the correlation is unbelievable. The
#gold
bull market will try to buck you off any chance it gets! Chart from Mike Maloney. $GLD $SLV
The longer the Fed waits to do an emergency .75% hike the higher the price of oil will go & suffocate public & corp balance sheets with the menace of stagflation. If the fed is to chicken to raise rates fast enough $oil will go to $200 this summer & the economy will die anyway.
Just remember, the last time silver was this cheap compared to Wall Street paper was the year 2000. Does anyone see any bubble parallels between the now and then?. Opportunities like this only come along once in a generation. Buckle up! $PSLV $SLV $SIL $SILJ $GLD $GDX
#silver
Gold. First {Monthly Close} in 2021. Beautiful {Rounded Bottom} or {Cup} with {Wave 3} fully confirmed. Once we breakout over $2090 all hell will break loose to the upside. Notice that silver is on the cusp of a {Wave 3} advance. $GLD $SLV $GDX $EXK $AG $CDE $XAUUSD
#gold
#silver
The only 2 other times in the last 40 years that fiscal stimulus as a percentage of GDP were even close to 2020-2021 were 2001-2002 and 2008-2009. In the years that followed gold & silver went ballistic to the upside. This chart is mega bullish for
#gold
and
#silver
. $GLD $SLV
$DXY ~ Huge Bearish {H&S} top in the American Dollar. With the Fed starting “QE 5” last week & lower rates on the horizon the dollar is poised to go lower as the government bank bailouts debase the value of the buck. Very good for
#gold
#silver
#bitcoin
$BTC.X $BITO $GLD $SLV
$GLD ~ Not my preferred view on gold but it is compelling with the current setup looking like a near perfect fractal of the 2016-2019 formation in the gold market before it exploded higher until the summer of 2020. Keep this chart in your back pocket. Chart from AG Thorson. $SLV
$GLD ~ Currency Crisis! Finally Japan capitulated and sold USD holdings after 24 years! Bullish gold and silver! Sell those USD’s Japan! I thought this day would never come. $SLV $GDX $SILJ $GDXJ $SIL $AG $HL $BTC $BITO $SPY $QQQ $DIA $USO
40 year gold seasonality chart from Equity Clock. The sweet spot for gold is from July-Oct. $GLD $SLV $PSLV $HZU.TO $GDX $GDXJ $HGU.TO $NUGT $SIL $SILJ
#gold
#silver
$GDX Weekly Close. Currently in a powerful {Wave 3} impulsive advance which is subdividing. This is the highest weekly close since Oct 2020. With the bond market crashing expect some of those fund flows to finally enter the gold and silver market as citizens fight inflation. $GLD
Gold up $30+ while the $QQQ $SPY $DIA are getting hammered & are on the cusp of breaking down from large bearish {H&S} tops is always a great way to start super bowl weekend. Gold just triggered a bullish {Triangle Breakout} on the multi year {P&F} chart. $SLV $SILJ $GDX $GLD
$NEM Blue Chip Gold Miner. This is a absolute technical masterpiece which i will print out & frame. You have this $GDX miner breaking out of a 10 year {Cup} & you have a textbook Elliott Wave count in which NEM is blasting above the {Wave 3} high into a 5th. $GLD $SLV will follow
Silver 40 year {C&H} setup. This chart from Kimble Charts was published way before 2020 so we are exploding upwards out of the {Handle}. $GLD $SLV $GDX $NUGT $SIL $USLV $GOLD $XAUUSD $GDXJ $CDE $FSM $MAG $PAAS $AG
#gold
#silver
$GLD Gold. Weekly Close. It's been a very long & frustrating journey since Aug 2020 to get to this opportunity in gold & silver from a technical perspective. Many thought that gold would sniff out this current inflation crisis much earlier than 2022. Ugly wick this week. $GDX
Don't take your eyes off the big prize. The multi decade {C&H} setting up in silver. This is ultra explosive stuff here. Much cleaner than the gigantic {C&H} in gold that has been making the rounds today on twitter. $SLV $GLD $GDX $AG $PAAS $GOLD $SIL $SILJ $MAG
#silver
#gold
#Gold
{Monthly Close}. At times like this with gold not yet exploding with inflation still very high i think of Jesse Livermore. "Sometimes the market takes it's time doing what you thought it must do". I'm not even going to get excited until we breakout over 2100. $GLD $SLV $GDX
Like i said when i posted my {Monthly} $GLD chart a few days ago i am not even going to raise a eyebrow until gold breaks out over $2100 convincingly. Until then everything is meaningless noise. But i like to help the $GDX & $SLV community so $WPM is forming a {Wave 5} low.
Gold - Monthly Close. Still stuck in the minor {Wave 4} correction since summer of 2020. Still working on the 12 year {C&H} setup. I won't get excited until gold breaks out over 2100 and stays there for more than 3 days. This ain't the 1970's $GLD $SLV $GDX $GDXJ
#gold
#silver
I think what people should be asking is when is Wall Street legend Paul Tudor Jones going to hold a press conference and admit he was wrong about bitcoin being a inflation hedge. Once he sells its all over. Add that to the $MSTR margin call next week. Buy $GLD & $SLV bars coins.