snapshot of sivler
rising wedge and loss of momo on the oscillators
i am a cycle guy . the 23.5yr, 7.83 yr, and 31.33 month cycle are due to bottom at the earliest the summer of 2023 does not mean that the cycle cannot left translate . so , i want to see what happens when the broad market seeks out its valuation. for now i am going to count the coming correction as a wave 2 we shall see in the fullness of time. the fact that cbs have stepped up their accumulation of gold reserves as me taking note. they are by far the biggest holders of gold . india has stepped up its purchases of silver . we will see what we have over these next months. Declines in the broad market begin slowly . OF interest to me is is silver, sugar , and crude oil have not exceeded their old highs. silver and sugar are selling below 50% of their all time highs. That has to be the definition of undervalued. the dollar has been falling in a wedge pattern . apparently the fed wants a strong dollar and that is what we had in 2022
Edited by dharma, 05 January 2023 - 06:31 PM.