@realTimHack Apropos that Silver/Gold-Ratio, it's displaying a strikingly similar behavior to back in early June - seems it wants to do the same again.
The #silver/gold ratio is⤴️from its triangle-coil, with similar fractal-patterns as two weeks ago, on way to that multi-month c&h target '75'.
Tomorrow is new moon (when historically PM's are strong).
A full moon occurred Thursday 2 weeks ago when silver did💥
The #silver/gold ratio about to ⤴️from the tip of an ascending triangle, which itself is the handle of a 8 month long C&H-formation, the target 0.0125 equals gold/silver 75.
- After the perfect 'V' off support retest today, silver/€ is forming a bullish i-H&S
@tottes1985@TheApeOfGoldST Agree, I'm into it. Check its chart with the coiling 5 months long bull-flag right below the blue 'i-h&s' neckline, until now lagging gold and silver's rise - and the massive volume now entering.
+Also how it performed in 2016 and 2020.. $SVRS.v
@hajiyev_rashad Yes & it might be imminent, because #silver looks like 2020. On July 21, 2020 it began a three-day +3.5$⤴️. Today is July 23.. Since we're currently at 2x price that %-wise corresponds to +7$ now. However there's 'stop-over' -resistance at 42$. https://t.co/3Ncfl2EFW0
In addition to the S/G-ratio 2020/2025-similarity, #silver itself looks like 2020. On July 21, 2020 it began a three-day +3.5$⤴️. Today is July 23..
Since we're at 2x price now, that %-wise corresponds to +7$ today. However there's resistance at 42$, so that much not too likely.
@realTimHack Agree, the current silver/gold-ratio pattern looks very similar to the one leading up to #silver's July 20, 2020💥 (50d & 200d ma's, Rsi's + the price formations).
The ratio itself is even at the same level now as back then! https://t.co/avsmiYq5yH
@realTimHack Agree, the current silver/gold-ratio pattern looks very similar to the one leading up to #silver's July 20, 2020💥 (50d & 200d ma's, Rsi's + the price formations).
The ratio itself is even at the same level now as back then! https://t.co/avsmiYq5yH
@realTimHack Agree, the current silver/gold-ratio pattern looks very similar to the one leading up to #silver's July 20, 2020💥 (50d & 200d ma's, Rsi's + the price formations).
The ratio itself is even at the same level now as back then! https://t.co/avsmiYq5yH
Silver entered a shortsqueeze setup hours ago, the shares available to short $SLV, the largest Silver ETF, have fallen to 0. It doesn't take a genius to recognize what's coming next. A m$$herfu$$ing moonshot.
For historical context, we were trading at $4 in 1976 and at $50 4 years later. So it could take another 4 years from the current $40 to $500.
Some silver miners will go totally off the rails, they will 1000X, back then some reached 3000x.
The squeeze will probably be so enormous that some people who have suppressed the price will end up in jail.
#Gold/Euro looks bullish to me. If it breaks out of this 1-week coil - 'handle', then the C&H🎯is 2990€.
#Dollar's⤴️from its upward channel was rejected at its 50d ma (a 50 ma reject also happened in early May & late June) it is now inside the channel again =>risks a downside↘️
Let's see if the early April↘️in commodities worked its way through the system and impacted lower prices in June, esp the important energy; natgas & oil↘️ - which have stayed low since then, except for 1 week in June =>in case, a lower CPI print today 0830 am.
Got very cheap 1-day-to-expiry calls on #silver last Thursday, one costed 60$ (strike 38.35) & went 50x in 1 day! (New personal record), the other for 90$ (strike 38.35) gained 29.3x in a day.
One other strike 38$ also went ok (got shaken out a bit early) + a few on Newmont.
@chdhdyeudjjd 👍 Fridays #oil reversal left behind an "abandoned baby" -candle, a🙌 🐂 island-reversal type.
Check out the XOP-etf (oil explorers) making a😲i-H&S♈ following a👌false breakdown: https://t.co/o5AR4xLbwU
+The $cdnx⤴️ will back them up.
Nxt week a $⬇️-week imo, should help oil.
@BuyingMyFreedom This was about last Tuesday's huge down-day 'scare'.
That's the way the large players can load up on miners without their big purchases moving the price upwards; It was another repeat of that tactic, hence (as forecasted) it⤵️⤴️-ed. https://t.co/OBXvhuy7ZH
@BuyingMyFreedom Wow, today was a robbery in broad daylight! The big players,knowing a huge move is imminent, first feints a move to the opposite -thus scooping up all the shares they want at a cheap price when massive amounts of sell stop-losses are triggered.
Just capturing the stocks. Textbook
@BuyingMyFreedom Wow, today was a robbery in broad daylight! The big players,knowing a huge move is imminent, first feints a move to the opposite -thus scooping up all the shares they want at a cheap price when massive amounts of sell stop-losses are triggered.
Just capturing the stocks. Textbook
The🎯for this #gold i-H&S that is also a C&H,is 3760 = a 10%↗️. Gold↗️10% from early Aug 2024 in 6.5 weeks,it gained 10% from early Jan-05 in 5 weeks,&↗️10% from mid-March in 5 weeks
=> to 3760 by ~Aug 20
The gold/silver -r🎯of 75 also hits by then=> #silver to 3760/75=50$ Aug 20
The #silver/gold ratio about to ⤴️from the tip of an ascending triangle, which itself is the handle of a 8 month long C&H-formation, the target 0.0125 equals gold/silver 75.
- After the perfect 'V' off support retest today, silver/€ is forming a bullish i-H&S
@pmbug This is simply bec the number of SLV-shares are dropping since there's more sellers than buyers =>less silver is needed in their vaults. So "the 99%" are net-selling SLV reflecting bearish 'calling a top' sentiments among them,which is ofc bullish
Only the 1% know what's going on
Adding more inventory to Comex is generally slow due to logistical and physical constraints. Especially now when USA is adding a 50% tariff on metals (copper) and then possibly 30% on #silver from Mexico and Canada.