The floor for both #gold at $5000 & #silver at $80 are again being tested. A #liquidity crunch is building like it did before the 2008 crisis, which may add selling pressure to #PreciousMetals. I again expect support will hold but we'll find out this week. For now the silver chart stays as is - a "breather" marking a correction & not the end of the move.
The longer #Hormuz remains closed, expect the #energy shock to inflict growing damage on the global #economy lasting weeks & possibly months if it doesn't open soon. As the risks grow, the likelihood of a #bank #crisis increases, which is what my #FearIndex has been warning for months.
https://t.co/jr55t6chX2
But what monetary problem is causing the Fear Index to rise? Is the #petrodollar finished? Is the #MoneyBubble finally ready to pop?
https://t.co/WaYMx4dhmN
Or is the #derivative mountain going to collapse in a chaotic unwind, giving real meaning to #WarrenBuffett’s famous quote: "Only when the tide goes out do you discover who's been swimming naked".
In this uncertain environment financial promises are already being met with increasing scepticism. The growing risk of #default or reneging by 'force majeure' is contributing to rising #bond #yields along with growing #inflation fears. Accept price #volatility across all markets as a consequence of war & focus on owning gold & silver for safety of your #PurchasingPower while praying/hoping for peace.
4,5 milyar yıllık devasa bir hikaye tek bir belgesele sığar mı? Nat Geo Wild yaptı! 🌍
Dünya’nın toz bulutundan bugüne gelişi, Buz Devri, Dinozorlar Çağı ve insan evrimi...
Türkçe dublajıyla tam bir görsel şölen.
📺Mutlaka izleyin, ufkunuz açılacak! 👇
We mapped out silver’s roadmap to $150. We are now exactly at the point we planned.
In the analysis we shared earlier, we said the price would move sideways for a while and rest. That is exactly what is happening. The price turned from $96 and is currently moving downward.
The only level we need to pay attention to here is the $64–67 zone. As long as the price stays above this region, there is no problem — it is just resting.
When this resting phase is over? The target is clear — $150+.
But there is no rush. We do not take positions before the structure is completed.
#XAGUSD #SILVER
From $121 to $84. What is happening in silver is not a coincidence. The structural correction is exactly where it should be.
Wave 3 has finished, and the Wave 4 triangle correction is continuing. Wave (b) turned from $96, and now we are inside Wave (c).
The price will remain compressed inside this triangle and move sideways for a while. Energy is building up. As long as the $64–67 range holds, the structure remains solid.
Once the triangle is completed, Wave 5 begins and our target is clear — $150+.
We do not recommend taking positions before the structure is completed.
#XAGUSD #SILVER