As Per FGC ‘s Request
This is for FullGoldCrown. Below is the Silver chart as of yesterday’s close. You know I have referenced the inverse H&S a few times in my recent posts and comments. Forty-six days marked the first bottom in Sept to the bottom on Nov. 30th. Tomorrow, the window closes with the completion of the H&S, 46 days from the Nov. 30th bottom(Head). And as I have mentioned recently, the right shoulder also completes a smaller inverse H&S as well. Pattern complete, super bullish. Sticking to my prediction of $40 silver by Feb. 18th.
https://www.youtube.com/watch?v=kafVkPxjLYg
“Pattern complete, super bullish.”
We obviously chart VERY differently.
I actually now see the risks of a waterfall greatly enhanced here.
Last night was pretty emphatic, and my charts IN NO WAY view this as a final capitulation move.
Much closer to a kickoff.
Definitely a kickoff after tomorrow. HIGHER!
Place your bets
I like CMs reasoning
Superbearish right now. GDX, HUI, WPM all breaking down from their MASSIVE H&S patterns. Could it be a bear trap? Perhaps. Not the time to buy year IMO.
*buy YET
I’d agree with CM however because gold didn’t likewise have a right hand ‘shoulder’, I’d consider the recent AG shoulder to be a weak signal. Unless gold supports silver at 40 in Feb as forecasted (and GSR above 65), I’m selling AG hard (exchanging for AU). The GSR is not quite ready for a below 60 breakdown and we’re still in the early innings IMO.
It’s not a weak signal. Gold and silver often on different cycles within the bull. This is exactly to keep you off balance and unsure. The silver signal is real and cant’t be disputed. It doesn’t matter that gold is lagging. Gold led for the last two years. Now it is silvers turn. They will flip flop numerous times over the next few years. Stop listening to naysayers who post all kinds of nonsense about this ratio and that ratio. I don’t buy ratios. I buy gold and silver and certain mining stocks and they are doing just fine.
Graddhy appears to agree
https://twitter.com/graddhybpc/status/1356316627881627651