I think this upcoming dip in precious metals will be the last time you will see those low prices....
If you look at the monthly chart it will tell you a different story. I think S&P will bounce to .618 fib or $4370 levels on monthly chart and trouble will come between late October and late December. Do not play guess games and follow the chart. I am bullish short term :)
It's obvious that the stock is in a bear market with incredible bounces. But don't confuse bounces with bull market.
I believe so. That's why the recent dip in gold price and miners is to shake out the weak hands. I think gold is heading for 100% run.
I am slowly getting out of the dollar right now. Dollar is priming for a collapse imo.
This is speaking from history and of course nobody knows what exactly is going to happen. I like gold and gold miners at these levels as they are the most undervalue assets right now.
Thanks for the view and correct me if I'm wrong because I am still learning even after 10 years of doing this.
I think there is a strong chance that the stock market will have a strong reversal and take out the recent lows.
A wave B leg up is coming before a Wave C leg down imo.
We might seeing around 30-40% pullback in commodity prices in the coming days which will be a buy of a lifetime opportunity because after this pullback I don't think we will ever look back while the world will be heading into a new place.
There is a possibility that the FED will come out and raise rates Tomorrow during the emergency meeting. With the bear flag currently forming, I would say it's highly probable that they WILL raise rates on Monday during emergency meeting... This is not to say I am bearish on gold. I am extremely bullish on gold long term. But in short term I am bearish. If you...
We will likely have an impulsive waves down. It's going to be fast furious imo. 2020 March top was the end of 5th wave and we would've had real crisis but because of central banks we had a blowoff top instead which will be follow by violent crash in impulsive style IMO
Very negative pattern and a bearish cross is forming. I think there's go to be a final flush back to pre covid levels along with the stock market. The whole stock market is going to get flush out IMO.
We are in a commodities super cycle and I suspect gold will move up towards $10k during the next 8-9 years...
I believe a big 3rd wave up for gold is progress which should take gold towards $10k. Gold miners are about to go on the biggest bull of all times since 2008.
Waterfall pattern is forming... This is a major waring for the dollar. Total collapse is imminent and you should prepare just in case if the pattern follows through.
Probably going to get laugh at but this is what I see...
If gold does the same move from 1970 to 1980 in terms of percentage, we should see gold going up to $25k in this decade. And I believe it will repeat 1970s but on a much bigger scale...