Silver finally perked up last week which opened the door (yet again) for something that has not happened over the past couple years....it looked like we might have something here.
And then we come in this morning and silver does what silver does best, gets smashed down at the 200 weekly moving average. This is now over 10 consecutive times at this MA silver has failed which goes to show you even more how important this area is.
I wrote before about the coming move and the timeline is setup for somewhere late in the summer when the US indices put in an actual top and I am expecting precious metals to rip higher. And this will not be an ordinary move either.
This will be a VIOLENT move in the up direction if this line breaks.
16.35-16.50 is now the entry area.
Previous Post:
https://steemit.com/steemsilvergold/@heyimsnuffles/the-coming-rise-of-silver-and-gold-usdgld-usdslv
Easy come, easy go. Same story for 20 years of stacking!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol, thanks for reading!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The 10 year treasury bond yield is a strong leading indicator on gold/silver pricing. The higher yield means more Dollars flow to bonds. More dollars in bonds means lower gold/silver prices. Converse is true as well. Lower yields will put money back into gold and bid up metals.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree at the beginning, however gold and silver actually rise in a higher yield environment. I am expecting yields to not breach 3% here SPX is waiting on this confirmation before heading back up (it will breach 3% laster this year IMO)
UPDATE: It just hit 3% lol, I still think it fails here. I do not think this is THE BIG Rates move..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good eye on the 10 year yield. Pretty much everyone in fixed income trading is in a wait and see for what comes next.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
see the seasonal charts I'll post again...we'll bootom gold (June) Silver late summer...both not far below current levels..the seasonals are acting "spot on" this year..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So when these trends break up and silver and gold take off higher....what is the target for the dollar low...the dollar is likely going to get killed here low 80s?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I say the dollar ultimately goes well below 80..hard to believe? and thanks...gold and silver go to levels unimaginable...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 20 % upvote from @kath1 thanks to: @heyimsnuffles.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 16.05% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
Interested to earn daily? Delegate Steem Power to receive 95% payout rewards. Use this link https://on.king.net/shares to delegate SP to @Shares. Join us at https://steemchat.com/ discord chat.
Support my owner. Please vote @Yehey as Witness - simply click and vote.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit