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Gold and Silver March high coming

gold and silver march 2020 hi

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#21 tradesurfer

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Posted 01 January 2020 - 11:33 PM

Second thing worth mentioning is that on new years eve the US Dollar index made a stealth move higher.  It was up like half of a percent out of nowhere.  It has since paired down and now the candlestick looks like a huge inverted hammer candle.
 
 
 
Armstrongs weekly timing is saying that we have a possible 'lowest close' on the weekly timing.
 
 
 
The yearly US Dollar chart based on the yearly 2019 US Dollar candlestick and now the new yearly print for 2020 is telling me that the dollar might not be dead just yet.  The yearly MACD line is now based on the yearly 2020 price movement pushing above the zero line which is one of my favorite buy signals for any stock.
 
 
 
This does not mean gold cannot go higher, of course it can.. but if the dollar up move gains momentum and traction from here I can see how it could put pressure on gold to create a 5 to 10% drawdown for 2020.
 
 
 
For a much more bearish 2020 the 2019 dollar index candlestick should have been much more bearish and weaker going into 2020.. this was not the case
 

 

 

 

49313883391_db1c063f68_o.png



#22 Russ

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Posted 02 January 2020 - 01:33 AM

a little potpourri here guys... :

 

Gld  bearish bat and completed ABCD

 

49313510968_dfcb097fdf_o.png

 

 

 

SLV bearish shark

 

49314215642_03cb3d8000_o.png

 

 

 

GDXJ  double top or adam and eve top ??

 

49314009126_8a1e006d4f_o.png

GDXJ has a trend on it for a high in summer.  


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#23 Russ

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Posted 02 January 2020 - 07:02 AM

 

Second thing worth mentioning is that on new years eve the US Dollar index made a stealth move higher.  It was up like half of a percent out of nowhere.  It has since paired down and now the candlestick looks like a huge inverted hammer candle.
 
 
 
Armstrongs weekly timing is saying that we have a possible 'lowest close' on the weekly timing.
 
 
 
The yearly US Dollar chart based on the yearly 2019 US Dollar candlestick and now the new yearly print for 2020 is telling me that the dollar might not be dead just yet.  The yearly MACD line is now based on the yearly 2020 price movement pushing above the zero line which is one of my favorite buy signals for any stock.
 
 
 
This does not mean gold cannot go higher, of course it can.. but if the dollar up move gains momentum and traction from here I can see how it could put pressure on gold to create a 5 to 10% drawdown for 2020.
 
 
 
For a much more bearish 2020 the 2019 dollar index candlestick should have been much more bearish and weaker going into 2020.. this was not the case
 

 

 

 

49313883391_db1c063f68_o.png

 

The dollar does not look strong at this time to me,  it has broken below it's bullish channel, has a head and shoulders formation and I have trends for it to form a big low next October which implies some kind of a crisis for the USA, after that it can move up going into 2024 to 2025. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#24 senorBS

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Posted 02 January 2020 - 04:19 PM

I would simply suggest going with the bull trend in gold/silver/miners until PROVEN otherwise. Forget top picking or  expecting another big move down. Of course have your price levels for stops or warning areas picked out or watch for a big 5 down. But IMO at this time I am just going t stay long and not over analyze things. and of course stay vigilant. My dos centavos

 

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#25 K Wave

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Posted 02 January 2020 - 07:06 PM

I would simply suggest going with the bull trend in gold/silver/miners until PROVEN otherwise. Forget top picking or  expecting another big move down. Of course have your price levels for stops or warning areas picked out or watch for a big 5 down. But IMO at this time I am just going t stay long and not over analyze things. and of course stay vigilant. My dos centavos

 

Senor

That's what I am doing with the family IRAs....I have potential synchronous upturn underway, so am holding until it is PROVEN not to be underway...

 

If those Bat formations don't pan out, which any further upside would do, these charts are potentially setup to rocket upwards soon...and then form another stair step on the


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#26 senorBS

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Posted 03 January 2020 - 06:02 PM

Cleanest and most bullish count I see is Silver having a daily/6-12 hr 5 up from Dec 8th low at 16.52 to todays high near 18.27 and not to what could be counted  as any new high or impt corrective peak. So IMO silver is flat out bullish and I will be buying a possible somewhat deeper correction of that 5 up move, as always DYODD - the KISS method - keep it simple Senoryes.gif 

 

Senor



#27 dougie

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Posted 04 January 2020 - 12:12 PM

Anyone care to speculate on LT gold prices (as in 10 year time frame?)



#28 ryanoo

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Posted 04 January 2020 - 01:31 PM

FED Repo is bigger than during the Y2K and 2008 Fin Crisis. 

They have to pull back sometime and when they do, it will have consequences in the stock market.  

How will it affect gold?

DashFedRepo122619.png

https://www.biancore...h.com/182754-2/

mid January

ENYPYIuWwAABuWF.jpg



#29 SemiBizz

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Posted 04 January 2020 - 02:16 PM

FYI - XAU is driving this bus... and it has turned southbound... as forecasted 108 resistance...

 

ENdYwqFU4AEB0Ke.jpg


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#30 ryanoo

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Posted 04 January 2020 - 03:21 PM

Adding to the CBs purchasing gold (to replace USD), now the Iran conflicts which will be security threat around the world will be the tail wind.  Gold already has broken out and will be up and away!  Miners are trying to shake off the last remaining weak hands before launching -- this time gdx will break through 32 easily.