Good morning this Tuesday Steemian friends. Let's get right to the "BOLD" predictions on silver and gold, followed by some charts that tell the story. First the seasonal patterns that are playing out to perfection this year and the charts by first Florian Grummes then Clive Maund. In my almost 40 years following closely (and many as a professional) I've learned who to trust. I will post their work when I think it is important.(I go back about fifteen years with each of these two).
PREDICTION: (and for sure, not just based on a seasonal chart)..Silver bottoms this year near 16.00 and after gold (see gold below). A rally that will be absolutely stunning and well above 20.00 takes place to end 2018. @019 and beyond will take silver to new highs. It is the mountain of debt, tradewars, currency wars, and perhaps international conditions that trigger this , and soon. I can not every post site the same material!! Please see my recent market posts!
I have stated repeatedly we'll have some dollar strength short term than the house of cards comes down in mid to late summer.
PREDICTION GOLD: We will bottom before silver and below 1300, not by much! I previously said and recently 1300 holds. Sentiment is not quite good enough (yet) and we need more commercial covering and improved (COT) no.'s (Commitment of Traders info) . A move below 1300 will produce that..."more pessimism".
Above, the great Clive Maund's comments on Stockcharts.com's 10 year gold chart. And Clive is legendary.
The Florian Grummes chart above (gold).
Feel free to visit previous posts. Some explain fundamental reasons commodities, particularly silver (my favorite) must and will go dramatically higher. Remember, the Chinese don't want our debt, have loaded up on gold. Russia has done similar. A very serious situation you do not hear on "main stream media"unfolds.
Of course the opinions are my own. Do you r own "due diligence" please.
Thank you as always for visiting..UPVOTE and FOLLOW.
Great info. Seasonality is playing out :)
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you bet..and thanks..I'm following you and supporting
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Nice postt
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thank you !!! stop again!!
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This is the first of your articles that I read and I liked it very much. You are a valuable new asset to steemsilvergold community. Congrats.
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thank you so much..and will be following you and supporting..
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You've been on the money Statman! Thank you for your great contribution to the platform!
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means a lot from a real pro..and I owe you a bigt ime THANKS. Hey, why not put 40 years (almost) to the help others..
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You're very welcome. With all that experience you have a lot to share! Keep up the great work!
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