Goldtent TA Paradise

Fully’s Fearless Freediction

1. Nautilus says:

   October 14, 2020 - 11:18 am at 11:18 am

   Although I think very short term predictions (1-2 week time frames) are maybe 1 step above playing slots in Vegas, I’ll take a stab anyway.

   We should test the 50 dma by this Friday. Next week we will spend a few days above the 50 dma, then a few days just below the 50 dma. Then, starting in the last week of the month and into the first couple of days of November, we are going to get a spike in silver up to $27 or maybe even $28. That will be the daily cycle top. On election night, silver get slammed down and by the week of November 9, silver will either test or come pretty close to testing its 100 dma which should be in the low to mid $24 area at that time.

   That should set the daily cycle low. Thereafter, I am predicting a very aggressive move back up to test the recent highs around $29 (within 1-2 weeks after the DCL).

   After the DCL after the election I am expect 2 additional daily cycles before this intermediate cycle tops. So that will probably mean we rally for 3-4 months before the next intermediate top. I am not certain how high silver can get, but a conservative bet is $35. Next would be $42-44. The pie in the sky target is $49-50 or just above, which probably isn’t that crazy a target.

   After topping sometime in February, I am expecting a hard move down and I think it will be 12 months or maybe more before we break $50 for good.

   • dyu626 says:

     October 14, 2020 - 12:27 pm at 12:27 pm

     Wow that is very detailed and will be amazing it follows this path. It’ll make me a cycles believer.

     Thanks!

     • Nautilus says:

       October 14, 2020 - 12:59 pm at 12:59 pm

       Keep in mind cycles really only predict timing of cycle lows. In a bull market, you make higher lows and higher highs and in bear markets the converse Is true. How high price can get during a cycle and the day to day gyrations don’t have all that much to do with cycles.

       I am basing my price targets and near term gyrations in silver more on TA and patterns I have seen before.

       • Nautilus says:

         October 14, 2020 - 1:03 pm at 1:03 pm

         Specifically as a cyclist if I believe Sept 24 marked the Intermediate cycle low in silver. Based on cycle timing the next intermediate cycle should produce a higher low than September 24 in 25-30 weeks. But that is all cycle theory can predict. The higher low could be 10 cents higher for all the cyclist knows.

2. Nautilus says:

   October 14, 2020 - 11:44 am at 11:44 am

   I don’t think the banksters are going to hesitate to give us goldbugs flashbacks of election night 2016 and the carnage that ensued in the days afterword. They love toying with our emotions and election night provides the perfect excuse to sell first and ask questions later. However, this will be nothing like 2016, although it may seem like it in the first few days. The next DCL is going to set up a slingshot in silver to get back to $29-30 and then even higher IMO.

3. Gold Learner says:

   October 14, 2020 - 12:27 pm at 12:27 pm

   Bought AGQ for the first time, yesterday, sweating profusely!!!
   Entry point: 43.94

   Bring it on!

   GL

   • Nautilus says:

     October 14, 2020 - 1:12 pm at 1:12 pm

     Personally with a leveraged product like that I would have waited until the next daily cycle low to get long, even if there is a chance you could be buying higher. I personally don’t expect much out of this first daily cycle (I am calling for price to basically be at today’s level in 4 weeks) and so decay becomes a thing. The next daily cycle should be explosive and that’s where the huge gains will be made. Imo.

     • Gold Learner says:

       October 14, 2020 - 1:15 pm at 1:15 pm

       Yes, Sir Nautilus … timing not being my forte, I just placed 0.55% of my entire portfolio, as of today, into AGQ. I always start small.

       Yesterday’s choice lay between cost averaging down SQQQ and entering AGQ for the first time, hence I made a call.

       GL