Goldtent TA Paradise

Silver up $1

1. Nautilus says:

   October 9, 2020 - 12:55 pm at 12:55 pm

   I have been speculating that this particular correction in silver resembles the only real pull back silver had back in 2010-2011.

   I am expecting silver to hit $26-27 on this daily cycle and then pull back to its 100 dma a the daily cycle low in early November.

   After this first daily cycle is over, I think we can expect a move into the $40s (maybe even test $50) during the rest of this IC before a massive pull back (hopefully only to the $30 level) and 1+year consolidation. I am expecting a peak in approximately February 2021.

2. Nautilus says:

   October 9, 2020 - 1:09 pm at 1:09 pm

   A more conservative target for silver would be around $35. I will adjust my targets accordingly. But I imagine it is going to be really hard to time the next peak as silver can act crazy near the end of its cycles.

   I would suggest thinking of price targets on your miners and selling a set percentage when it is reached and don’t look back. Use the proceeds to diversify into anything less volatile, like going from silver to gold, or silver miners into gold miners, or miners into bullion etc.

3. Nautilus says:

   October 9, 2020 - 1:24 pm at 1:24 pm

   I think $gold can hit $2500-2600 at the next IC peak.

4. Nautilus says:

   October 9, 2020 - 1:34 pm at 1:34 pm

   Also, that break away gap in June came after armageddon. This time, there are plenty of longs or people looking to get long and chase price.

   Again, I would not bet on the gap fill, but I think there is very little chance the miners just runaway from here–although it will probably feel like it over the next 2-3 weeks as HUI will likely test the top of its descending channel.

   • Nautilus says:

     October 9, 2020 - 1:35 pm at 1:35 pm

     oops wrong post.