Military meteorologist. Applying scientific, predictive principles to forecast market movements. Macro economics & trading. A picture paints a thousand words.
Of course we get losers as well. Here's the most recent one. We probably just had our stop-loss a touch too high, but failure of that declining, black support/resistance line was a good enough reason to exit I suppose. Cut losers without emotion and move on.
That was Dow versus silver - here's Dow versus gold. If these were simply backtests, gold, silver, commodities, energy & oil are all heading up (way up) in the next few years.
SILVER: On the left...the chart I issued in December last year. On the right...What happened next. Don't tell me technical analysis is 'astrology for men' or voodoo.
We hit our targets on all our mining trades before the correction began, except this one. It's taken longer, but we decided to let it run. It's up 79% so far. Do you think we'll get to the $44 target?
5 years ago, I warned of a potentially disasterous scenario for Eurozone bond yields, based on the technical chart. We crossed that line this month. The wheels may begin to fall off this year and next, necessitating plausible deniability and distraction to defect blameπ
When silver was in the $35-$40 range, before it went to $121, this was my guidance. Not because of some ridiculous narrative. Because of the technical chart weight of evidence.
Quote
Northstar
US bond yields aren't dropping as many of those who don't use technical analysis were expecting. Instead, they're still following the path I laid out for you 6 years ago.
Gold miners may be about to enter a glorious new era where they outperform gold, but, objectively, there's no sign of that yet, despite the recent surge.