Did you know gold and Nividia have an 81% correlation? That's strange. (chart in comments) I see a double top in gold. TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and...
I don't think it's quite their time yet, I see a fall, a month of meandering, before launching and hitting my green target.
Gold is double topping, will fall into the summer, before taking off. If we over-extend lower to the $2,000 level, then it'll be in fall that gold takes off. Taiwan war cancels this plan. A birdflu pandemic doesn't.
Have been tracking Gold and the Gold miners ETF GDX... It has been a while and it appears that Gold and GDX are at least in sync again. GDX appears to have closed the week above the long term range and just broke out, if not about to... MACD and VolDiv have not yet crossed over but indications show. The TD Setup is still showing primary bullish and a new Setup is...
I feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes...
It's time for precious metals to take a cooler. I noticed AMEX:JDST 's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think AMEX:DUST is worthy of buying at these levels too - except they don't have miners, but I see a...
It's time for precious metals to take a cooler. I noticed JDST's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for...
WallStSilver Silver Bugs have had to bear many decades of no euphoric price action Like the saying goes every dog has it's day And in speculation a Bull market in one sector often means another sector get's neglected Things don't move in lock step It's just the nature of speculating/investing which we can't control but also offers us opportunity I believe...
A inverse #HVF appears to be in progress on the #GDX @TheCryptoSniper Coincides with a probability that gold has put in a major secular top being pushed down by positive real rate environment.
It could be a HOT summer for the gold and silver bugs And the speculators in the mining sector! WPM ( formerly Silver Wheaton #SLW) Has a broken out of a inverse head and shoulders Two targets provided Also important to note this inv head and shoulders is a continuation pattern not a bottom pattern.
Jaguar Mining Announces Ten To One Reverse Split Jaguar Mining this morning announced that the company will be going ahead with a previously proposed share consolidation on the basis of one common share for every ten shares currently held by shareholders. Further, the company intends to conduct a $0.08 dividend on a post-consolidated basis five days after the...
Don't think #GOLD is done by any means. HOWEVER....... Sold some positions around the date of bearish engulfing. As of today the precious metal is still @ that price level. We missed a lil more upside but it wasn't much oi the whole scheme of things. #SILVER shows same exact signs except the Bearish Engulfing. AMEX:GLD AMEX:SLV
Miners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this...
This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected. I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could...
I rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties. Gold...
the fundamentals on gold aren't good: 1. its a rock, King Midas can make the supply infinite 2. mining it is an environmental mess and energy waste 3. value is primarily speculative 4. ton of overhead bagholders from 1,500-2,000 days 5. crypto currency stealing new retail 6. being hoarded by fragile states/ regimes 7. regulatory risk during crisis...
🚨 🚨 🚨 #Gold is forming a Bearish Engulfing on the daily charts. Volume is almost there for a confirmation of the pattern. Money Flow is low. Overbought. Weekly we see Gold forming a doji = battle bulls & bears. #Silver is at a major resistance. This should be an interesting week... AMEX:GLD AMEX:GDX AMEX:GDXJ AMEX:SLV
... for a 28.24 debit. Comments: GDX (IVR/IV 40.8/ 32.9) is at the top of my IV screener for ETF's (along with GDXJ, which has higher IV, but is less liquid). Buying stock and selling the -71 delta call against, resulting in a max profit potential of .76 ($76)/contract; 2.69% ROC at max; 1.35% at 50% max. That .76 isn't massively compelling, but the ROC is...