July 9th 2020, Silver Chartbook – Time, think again

Time, think again

Time is a dimension of the physical universe where events happen in an irreversible succession. In this continued progression from the past into the present towards the future many abnormalities can be found. One of them being that when pressure comes into play time gets distorted. A meaningful aspect for traders for instance is the bodies reaction to this pressure with the fight/flight response. To clarify, blood necessary for muscles to fight or run gets drawn away from the brain. You can’t even remember your telephone number let alone trading rules you set for yourself. Instead intuitive responses kick in, the worst for a counter intuitive environment like the markets. Therefore, a well preplanned decision tree rule based execution fails and worse than random decisions are executed instead. Hence, how can you avoid stress? Time, think again.

Beginners even if aware of such facts think they outwit this obstacle by simply being aware.. Really? You want to out think a survival instinct rooted for millennia? Time, think again.

Solutions:

One solution to such a problem is to trade larger time frames. With very few execution points that allow for a bit more wiggle room of mistakes one can in part escape this problem. In regards to the situation the markets and the world economically finds itself, there is an anachronistic point right now. Meaning from our point of view owning physical silver is the best play for a wealth preservation and wealth speculation perspective. Little execution skills are needed since the precise execution price is not as important compared to a swing-day trading situation. We expect Silver to trade in a few years in triple digit numbers.

Another way to improve on this phenomenon that can negatively effect your results is using OCO orders. Meaning, one order cancels another order. Once set, a computer executes successive orders on your behalf and more complex exit strategies become easier to manage from a stress perspective. For example, our Quad exit strategy is a very successfully approach that makes your life easier.

Gold, Monthly Chart: A Leading Indicator

Gold in US-Dollar, monthly chart as of July 9th, 2020.

Gold in US-Dollar, monthly chart as of July 9th, 2020.

The monthly chart above shows how prices have moved through the US$1,800 resistance zone of Gold. Generally, Gold is leading Silver. This is a significant event since now 2011 highs are looming just US$80 above. It is advisable to always have an eye on the precious metal sector leader Gold to pick ones entry and exits points on Silver in alignment to this force.

Gold, Daily Chart: Partial Profit Taking

Gold in US-Dollar, daily chart as of July 8th, 2020.

Gold in US-Dollar, daily chart as of July 8th, 2020.

The daily Gold chart above indicates our partial profit taking (red down arrow) since we are getting from a monthly perspective into the “end zone” (US$1,800 to US$1.900). This even though from a daily perspective we just broke through a distribution resistance zone.

Silver, Daily Chart: Using Liquidity

Silver in US-Dollar, daily chart as of July 8th, 2020.

Silver in US-Dollar, daily chart as of July 8th, 2020.

The daily Silver chart has a mutual breakout scenario like the daily Gold chart. The crowd thinks “breakout”, meaning they either have entries or are chasing this trade. We took partial profits to use this liquidity for good fills. We were fading the crowd because we are thinking from a larger time frame.

Silver, Monthly Chart: Room To Catch Up! Time, Think Again

Silver in US-Dollar, monthly chart as of July 9th, 2020.

Silver in US-Dollar, monthly chart as of July 9th, 2020.

The bigger picture is unchanged. The monthly Silver chart shows how undervalued Silver indeed is. There is a lot of ground still to be covered. Silver will eventually have to catch up.

An important aspect to overcome stress, which allows for improved execution of trades is practice. First paper trading for a long time on simulators, and following real execution with extremely small positions size, is the way to go. For this you will need a lot of trades to be happening to get better in ones practice and smaller time frames are ideal for achieving these goals. Beginners often are too impatient and step into the arena at an too early time with too large position size.

Time, think again

The biggest culprit for failed trading events is trading underfunded. You are under stress if losing money you can’t afford to lose. No beginner likes to hear that fact. They want in. It was hard enough to save the initial stake and often motivation to pick up this profession is to get out from under.

They literally have no chance to win the game. To overcome such a dilemma one needs to find a market that allows one to trade that small, that the individual outcome of a single trade is absolute meaningless to ones psyche. Many markets do not fit too small account sizes due to the smallest trade able increment being too large or a commission rate basis in relationship to single execution being to expensive. They simply at the beginning need to be avoided.

Thinking in monetary terms is the wrong approach. Too many hype stories are published of how a five thousand dollar account has ended in millions. The true route to riches is to follow sound principle based advise and let time be on your side. It might take a little longer, but the heartache of multiple small accounts wiped out can be avoided if walking away from a gambling approach with a naive expectation to outwit a for millennia conditioned, deep rooted fight flight mechanism.

We post real time entries and exits for the silver market in our free Telegram channel.

If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter.

Surf’s Energy Update

On Crude Oil, Crude Producers, NatGas and Uranium is a freebie this weekend. I am expecting lower lows in all three over the coming weeks. This weekend’s updates are featuring a long term look across all markets.

On Gold, I will cover its 4 Year Cycle this weekend as this is the longest that I track. Some say Gold has an 8 Year Cycle but that is simply two of its 4 Year Cycles.

Energy (Crude Oil, NatGas & Uranium) Weekend Update

Added: From the question in the comments section, Descending Triangles with Flat Bottoms are normally Bearish in an uptrend but there are exceptions. Falling Triangles (or Bull Flags) in an uptrend are usually Bullish (there is a subtle difference between the two). See attached GDX Weekly chart that shows both a Descending and Falling Triangle. My second chart is for the Current Gold Intermediate Cycle where it formed a Descending Triangle but broke to the upside so there are exceptions to the guidelines (there are no absolute rules with markets as that would be too easy). 😉

The Great Reset

This Covid thing is a human genocide supported by neo-liberal governments, and State actors, including the UK and the USA deep State.

The rejection of HCQ/Zinc/Zpack $10 treatment by the WHO, CDC, NIH, UK NHS and other neo-liberal players, is a crime against humanity.

People need to hang for this … yes bring back capital punishment for these criminals.

What we are witnessing in real time is the willful destruction of Western civilization by Bolsheviks, funded by an elite cabal. Pol Pot and what he did in Cambodia is a good analogy as to where they are taking this.

The majority, the sheeple, who have bought this bullshit hook line and sinker, will be slaughtered.

https://www.armstrongeconomics.com/products_services/products/great-reset-we-have-expanded-it-its-available-now-no-charge-for-those-who-purchased-already/

Early Signals of What’s Coming in Juniors

Early Signals of What’s Coming in Juniors

Robin Hood

Robin Hood:

Around 2 million retail accounts have been opened since the start of the Covid house arrests.

Of these, 75,000 or only 3% own precious metals stocks.

Whereas, 850,000 or 45% own weed stocks … weed sector in bear market.

Most of this money is dumb, hence the weed sector ownership, as they cannot read a chart.

Being speculators, they will eventually get the memo on the precious metals sector.

But that could be months away. Gold breaking $2000 could be the memo.

Playfair

https://spockg.com/2020/07/04/playfair/

Kill Bill smiling as second wave hits

Kill Bill and Melinda smiling and smirking as second wave hits. These two are pure evil, probably both psychopaths, and therefore an ideal relationship. God help their kids.

https://www.youtube.com/watch?v=ZmP6_gy-MIE&feature=youtu.be

Moving closer to gold production

Altamira Gold Corp. (ALTA.V)

https://spockg.com/2020/07/02/moving-closer-to-gold-production/

Correction: Target should be 60c, not 80c.

July 2nd 2020, Silver Chartbook – Silver the latest and greatest

Silver the latest and greatest

The founders of Midas Touch Consultingmeet regular to measure the highest probabilities of the future market. We focus at the big picture. Usually, the latest and greatest,meaning recent events  shape and reshape this outlook. Not this time. Quite the contrary. We might all agree that there is a high likelihood of a devaluation of fiat currencies at some point. This based on it being  likely that the constant new printing of currency deludes its value. The divergence between actual economic value and worthless paper money will result into a currency reform. We advise our clients to be outside the fiat currency circle and as a core, hold precious metals and Bitcoin. It is certainly not obvious when this will occur. News will be diametrically opposite to announcing such an event but rather distract as best as possible for the individual to be prepared.

This means, while typically a strong focus to news about Silver the latest and the greatestcan be helpful for timing, it will not in this case.

It is imperative to keep the big picture for oneself in the foreground.

Silver, Daily Chart: Low Risk Reload Entry Points

Silver in US-Dollar, daily chart as of July 2nd, 2020.

Silver in US-Dollar, daily chart as of July 2nd, 2020.

The daily time frame shows how clean the trend on Silver has been trading. This allows for very low risk reentry points (green up arrows) to build up a larger position. We let our runners ride and transfer them to larger time frames if applicable (see our Quad Exit Strategy).

We prefer this low risk strategy and the chart illustrates nicely how a breakout strategy from the yellow marked pennants would pose much more risk.

With the larger picture in mind one can undeterred from distracting news items observe smaller time frame charts and use technical analysis to produce desired results supporting ones larger picture goals.

Weekly Chart, Silver The Latest And The Greatest

Silver in US-Dollar, weekly chart as of July 2nd, 2020.

Silver in US-Dollar, weekly chart as of July 2nd, 2020.

If you take a look at the solid red resistance line you can see in what beauty of precision Silver is trading. This allowed for precision partial profit taking after the recent breakout attempt from the yellow marked pennant.

A multiple time frame approach with these reload purchases will also allow to see an accurate stand of events in the Silver market since charts never lie. Therefore it provides a much more accurate reflection of where the future is heading. “Thinking exits” at some point will be crucial, too. There were times in the past when countries faced critical situations like the one we forecast, where a small bag of Silver coins bought you a single family home.

Silver, Monthly Chart: Bigger Picture – Thinking Exits

Silver in US-Dollar, monthly chart as of July 2nd, 2020.

Silver in US-Dollar, monthly chart as of July 2nd, 2020.

The monthly chart above is a projection of possible partial profit taking targets. The “Runners” (see our Quad Exit Strategy) we recommend to accumulate, meaning we would not cash in physical holdings even in part before silver prices of US$93 or above!

The momentary picture of Silver is bullish and we continue to reload our long term positions. This counts especially for our physical holdings. 

It is this approach of consistently expanding on our long term holdings through low risk small size additions, that will lead to the protection necessary once the day arrives where a 100k deposits might suddenly be devaluated to 10k. Do not try to time a single conversion operation, assuming it will be obvious to do shortly before these drastic events manifest. Governments around the world will smartly try to cover up their tracks and won’t reveal such actions in advance. Even if they would, physical precious metal availability at that point will be depleted to zero.

Silver the latest and greatest

What we mean to drive home is that one shouldn’t belief everything one reads in the media. That isn’t a big new insight, but when in doubt it is not unusual that one tends to be more naively hoping for truth from media. In this specific case, manipulation from media sources might dramatically increase. Building a battle plan can be quite helpful to not be distracted when data overload comes around the corner again. Building up physical silver accumulations over time does not only help to reduce ones exposure of ones fiat currency holdings, but is also one of the most lucrative investment hedge strategies available to the future world economic scenario.

We post real time entries and exits for the silver market in our free Telegram channel.

If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter.

Methods of Buying and Holding Gold – Comparison