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Gold $8000, Silver $200 "Lightening Fast" - Michael Oliver


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#1 Russ

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Posted 13 August 2021 - 02:43 PM


"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/

#2 senorBS

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Posted 13 August 2021 - 03:59 PM

so since David Hunters forecast a couple months ago has fallen on his face, now this guy is taking up the call. My BIG worry in metals/miners is that a stock mkt big hit could hit the metals hard for a while at least, will that "hit" ever come?  Yet miners by most historical valuation standards are extremely under valued, will and when will that matter? I am a TRADER for now

 

Senor



#3 dougie

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Posted 13 August 2021 - 04:44 PM

i am with you Senor. this could get much uglier



#4 tradesurfer

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Posted 13 August 2021 - 08:23 PM

I am leaning more on the bullish side again.  It is hard to look at the weekly closing candlestick on the gold price and not see that as permanent ending price action that was a FLUSH out of weak longs.

 

The weekly hammer has a very long tail and a green body to close this week.  A very powerful flushing hammer.  No guarantees of course but *immediate* upside price action start NEXT WEEK would be ideal to CONFIRM this stunning weekly hammer candle

 

and by the way the sideways action in silver.... reminds me of plenty of stocks over the years that in a sideways rectangle they usually need a FLUSH before next leg higher... we shall see.

 

 

oh and forgot to add the super bullish seasonals could be wind in the sails between now and september


Edited by tradesurfer, 13 August 2021 - 08:23 PM.


#5 Russ

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Posted 13 August 2021 - 09:51 PM

so since David Hunters forecast a couple months ago has fallen on his face, now this guy is taking up the call. My BIG worry in metals/miners is that a stock mkt big hit could hit the metals hard for a while at least, will that "hit" ever come?  Yet miners by most historical valuation standards are extremely under valued, will and when will that matter? I am a TRADER for now

 

Senor

I don't think he means it's going to start up towards 8,000 now, I think he means once the overhead resistance is taken out it will move fast, maybe 1 to 1.5 years  I think mid to late 2024 is going to be the big year as does Martin Armstrong.   Russ


"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/

#6 tradesurfer

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Posted 13 August 2021 - 10:16 PM

Commercials seem to be preparing for a big leg up in silver

 

https://snalaska.us/...t/charts/SI.png



#7 gannman

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Posted 20 August 2021 - 10:20 PM

hmm 30 dollar silver would be nice who knows maybe he is right maybe not


feeling mellow with the yellow metal


#8 dougie

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Posted 22 August 2021 - 08:43 PM

is platinum the canary in the coal mine? inquiring minds