My current lens on the #GOLD#SILVER#DXY weekly charts.
$DXY bumps into its channel resistance and goes back down to test its long-standing support line.
$GOLD will break out of this triangle pattern.
$SILVER will break out of this triangle pattern + get above the 20MA again.
This #BITCOIN chart continues to play out.
I've been tracking this structure since '23, and price has continued to respect it.
Now we're at an inflection point:
A double backtest of the old cup neckline, following the breakdown of the inverse cup.
$BITCOIN now appears to be forming the handle of that inverse cup.
I'm inclined to think the inverse cup & handle plays out, targeting the old red support line.
But I'm biased.
I don't like $BTC.
However, a decisive break back above the yellow resistance would invalidate that bearish path and bring the green long-term resistance line back into play.
Let's see which way it breaks.
This is what holding long-term feels like in real time:
Alternating episodes of “I’m an idiot for owning this” and “I’m an idiot for not owning more,” separated by very long stretches of “why is nothing happening?”
From continued recovery at Bolivar to improved metallurgical performance at Zimapan, Santacruz Silver reported several important developments across its mining portfolio:
➡️ Bolivar: Silver production increased 19% QoQ.
➡️ Zimapan: Silver recovery improved to 76%.
I am seeing some debate about whether $Silver has bottomed or has a few dollars of downside left. The upside from this set up is 10X+. An monthly wick to $45 does not invalidate the pattern. At $500, will you care whether you bought at $50 or $45?
Inflation-adjusted $Gold is backtesting its 1980 high. If these big backtests in the PM space hold, look for a major leg higher as the metals seek out their secular bull blow off highs.
It's pretty clear #SILVER found its bottom and this cup remains my roadmap.
The green resistance line coincides with the 20MA, making it the next big level to watch.
$SILVER $SLV
It's pretty clear #SILVER found its bottom and this cup remains my roadmap.
The green resistance line coincides with the 20MA, making it the next big level to watch.
$SILVER $SLV
Heliostar Drill Results Strengthen Case for a Mine Life Extension at San Agustin
Drilling has defined multiple zones, including the Corner Expansion and newly reported East Wall zones, with consistent, shallow oxide gold mineralization over 200 metres from the edge of current reserves.
Highlights include:
* East Wall Zone: 100.6 m grading 0.42 g/t AuEq from surface
* East Wall Zone: 24.4 m grading 3.44 g/t AuEq from 105.2 m
* Corner Expansion Zone: 40.9 m grading 0.99 g/t AuEq from 20.0 m
Our ongoing drill program has been increased to 25,000–30,000 m to find additional oxide resource ounces to support an extension of mine life.
Read the full release: https://t.co/cGilUYaxCM
$HSTR.TO
It's pretty clear #SILVER found its bottom and this cup remains my roadmap.
The green resistance line coincides with the 20MA, making it the next big level to watch.
$SILVER $SLV
It's pretty clear #SILVER hasn't found its bottom yet, but don't despair.
The only thing one needs is patience.
Now that we're making a new low,
it's time to adjust the cup.
Because it doesn't mean this cup isn't playing out:
It could just mean $SILVER wants to build a bigger base.
The bigger the base...