You will see me MOST bullish when breakouts are occurring out of IMPORTANT bases.
As price moves upwards, I usually get less bullish or interested, as the opportunity to take action upon is BEHIND me.
Silver still has MORE work to do, so I look elsewhere.
Silver has the MOST FAMOUS cup & handle pattern.
Now halting at its first YEARLY defined measured move target of $70-$75 area (handle depth).
After we get done with an IMPORTANT CORRECTION, the next target on deck is $275 (cup depth).
While many are crying MANIPULATION, maybe zoom out and objectively try to understand why.
Crude oil has a MASSIVE yearly defined wall of resistance at $100.
It will take a few tries, but ultimately this is going HIGHER.
I am STILL expecting stock markets to go nowhere for 10 years or so after the next confirmed SUPER Capital Rotation Event (CRE).
Whether they do to save the stock market, will fuel EVEN MORE gold, silver, crude oil and other commodities on the RECOVERY side.
Guess what happened next after that post from February 13th?
BOTH long term yields and crude oil decided to move upwards.
Use charts to spot the lower risk, higher reward plays.
BIG PICTURE "chart defined' macro doesn't care about TACOs, War, or any other short term clickbait narratives and storylines.
Expect MASSIVE outperformance by gold, silver, uranium, copper and oil once this 45 year line morphs into existence and fails.
Once we get that YEARLY defined breakout above $100...
Odds DRASTICALLY increase we reach $350 and HIGHER on the smaller time frames.
Don't say I NEVER showed you any valuable charts!
I heard all the bullish narratives saying why gold & silver miners are underpriced and have to go up.
Well, the truth is that it may take time before they offer once again, a lower risk, higher reward opportunity.
Donβt let anyone tell you otherwise.