Goldtent TA Paradise

Bloomberg Commodity Index

1. Afasilver says:

   October 19, 2019 - 6:02 pm at 6:02 pm

   Thank you NorthStar … you are a true gentlemen!

   Of course others would say to look at the $CRB, which shows commodity’s should go lower, but the BCOM is the most balanced commodity index, not over weighted in oil. Mike Oliver’s thesis is this will shock many sometime in the next 6 months, but probably earlier. He has massive and ripe momentum structures, that if taken out will make these charts look like silver, which you also show.

   Same events are unfolding as what occurred in the 1970’s. Nobody is expecting this, but it would rattle prices that matter for most people earning living wages. Clearly, gold/silver have begun sniffing this out. Let us know when there is a breakout!

   • Afasilver says:

     October 19, 2019 - 7:00 pm at 7:00 pm

     BTW, first momentum trigger number for the BCOM is less than a point away … close out a month at 79.35 using this index and the game begins. The larger and final layer of momentum resides just above 85 … if triggered this index will run up fast.

     After looking at some charts some have based really well and are ripe for big upturns. Checkout charts for soybeans, sugar, corn, wheat, soybean, oil, copper, cotton, and of course gold and silver.

     • Afasilver says:

       October 19, 2019 - 7:00 pm at 7:00 pm

       Meant soybean oil, not “soybean, oil”.