Goldtent TA Paradise

Silver

1. Nautilus says:

   February 27, 2025 - 12:27 pm at 12:27 pm

   SLV:GLD ratio putting in an ugly looking candle so far today. We’ll see how she closes. If we break below the 100 DMA the next logical target is the 200 DMA.

   As I have said before, my bullish short term thesis will be under serious threat if we close below the 50 week EMA, currently at $29.94 on the $silver chart. The thing is, knowing how this sector goes, a break of that MA is likely going to be swift and brutal as it more or less coincides with the H&S neckline you are talking about.

   • Nautilus says:

     February 27, 2025 - 12:30 pm at 12:30 pm

     When talking about the 100 and 200 DMAs above, I was referring to the SLV chart, not the ratio chart (which has been bearish).

2. YYZ says:

   February 27, 2025 - 2:25 pm at 2:25 pm

   And another derivative of GOLD – GDX – fib retrace (since 12/30 low at $33.42) is 50% at around $38 (also gap fill) and 61.8% around $36.15 (also weaker horizontal resist/support). Those are my re-entry points depending on how quickly the selloff in gold accelerates. Slope/Rate-of-change timeline – $38 by 3/5 and (possibly) $36.15 by 3/6. If $36.15 doesn’t get hit by Friday 3/7, I’m all-in with a final traunch.

   On a macro timeline – preparing a measured move GLD chart since 2011 blowoff which projects another (perhaps final) event sometime between March 2026 to May 2027 (FWIW the next 6-9 months could be digestion of the recent strong move (range bound 2,600-3,000) before final parabola which encompasses a measured move (cup/handle) going back to the 1999 lows. Don’t think we’re going to get to 2030 before this PM bull peaks this go-around.