{"id":417510,"date":"2017-11-28T12:05:17","date_gmt":"2017-11-28T17:05:17","guid":{"rendered":"https:\/\/goldtadise.com\/?p=417510"},"modified":"2017-11-28T12:16:03","modified_gmt":"2017-11-28T17:16:03","slug":"slv-price-targets","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=417510","title":{"rendered":"Possible SLV Price Targets"},"content":{"rendered":"

DYODD<\/strong><\/em>, these are\u00a0*just*\u00a0<\/strong><\/em>TA targets. That means they\u00a0*could*\u00a0<\/strong><\/em>\u00a0<\/em>be hit, not that\u00a0*they will be hit*.<\/strong><\/em><\/p>\n

\"\"<\/a> \"\"<\/a><\/p>\n

Normally, I’d say the fact that a wedge is building out as a possible RHS adds more validity to<\/p>\n

the possible H&S. But for this:<\/p>\n

\"\"<\/a><\/p>\n

Above shows “really nice”, (for want of a better term), H&S pattern that built out, which nevertheless failed.<\/p>\n

 <\/p>\n

SLV does now have both a wedge as a potential halfway pattern to the downside and also a wedge acting<\/p>\n

as the RHS of a possible H&S pattern, which, obviously, would also to the downside. Personally, I don’t have the<\/p>\n

experience to know whether two different patterns pointing to roughly the same target increase the<\/p>\n

probability of the target being hit. The only thing I’m fairly certain about with respect to the<\/p>\n

wedge is that SLV is building up towards a break out one way or another.<\/p>\n

 <\/p>\n

Also, there’s now a massive amount of potentially PM market moving events into year end:<\/p>\n

    \n
  1. Another NK missile launch.<\/li>\n
  2. Tax bill clearing or not clearing US Senate.<\/li>\n
  3. Tax bill clearing or not clearing US House if it does clear the Senate. (May be an 11th hour thing if it does clear the House, i.e. 23rd or 24th.)<\/li>\n
  4. FOMC, ECB & BoJ meetings in December.<\/li>\n<\/ol>\n

    Very tough PM market IMHO, too many potentially PM market moving events that simply cannot be predicted with any certainty in advance.<\/p>\n

    Put another way, I think the decisions of politicians and central bankers are now running the show for the PM space into year end.<\/p>\n","protected":false},"excerpt":{"rendered":"

    DYODD, these are\u00a0*just*\u00a0TA targets. That means they\u00a0*could*\u00a0\u00a0be hit, not that\u00a0*they will be hit*. Normally, I’d say the fact that a wedge is building out as a possible RHS adds more validity to the possible H&S. But for this: Above shows … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2711,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-417510","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/417510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2711"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=417510"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/417510\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=417510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=417510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=417510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}