By combining traditional TA, careful use of indicators, and cycle theory, we can develop a level of confidence in the overall trend on a timescale of months to years. Here are 3 charts which do just that:
TA
Indicators
Cycles
Does this mean it’s impossible for something to happen which takes the price of PM’s down ? Not quite, but it’s all about probability and confidence levels, just like my day job. Right now, my confidence level that PM’s are heading substantially higher in a new bull market are high (above 90%). Many here are aware of this, but the investing public and big institutional money are distracted elsewhere. That’s a good thing at this point in the cycle. Contrast this with the stock market and cryptos. Hang on to your hats – the next few years into the mid 2020’s could be pretty wild.
Where we end up this Feb/March will be very telling, a mark on the road map.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Indeed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah a bull market!! cme just drop 8 billion paper contract in a second. Price down. Rince and repeat :( I hope you are right obviously but they paint the chart as they wish with manipulation, it's sickening to me. I saw a few breakout getting crushed this way before... Free market when they all hang from a tree.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit