We believe a unique Pennant/Flag formation is setting up in the US stock markets. We believe the Small Cap sector may provide a better technical reference to the price breakout we are expecting in late August or early September than the mid or large-cap sectors. The charts tell a very interesting story when comparing the different sectors to the SPY.
As most of you are well aware, the very deep selloff between October and December 2018 prompted a low price pivot point that most technical analysts are using as a reference to support. What we find interesting is that these Small Caps have really failed to mount any type of price recovery. We believe this is because of the continued capital shift where foreign investors and institutional investors are piling into mid-cap and large-cap equities chasing dividends and safety. The small-cap index chart may provide the best technical reference for the pennant formation and eventual breakout move.
This weekly chart of TNA highlights exactly what we are referencing in comparison to the mid-cap and large-cap charts. Pay very close attention to the support level near $53.50. Also, notice that define panic formation setting up after the December 2018 bottom. We believe the price rotation in the small-cap index is clearer and more identifiable than the rotation in the mid-And large-cap indexes. We also believe the small-cap index will show early warning signs of price weakness or strength after the apex of this move.
The mid-cap and large-cap weekly charts paint a very different picture than the small-cap chart. We can see the upward price slow after the bottom in December 2018 was much more aggressive. We can also see an upward sloping Pennant formation setting up between the lower, blue, price channel and the magenta upward sloping price channel from the recent lows. Please pay close attention to the upper and lower support zones we drawn on this chart. Any future break down in price will likely find support near the upper support zone and possibly pause near this level before attempting a breakdown further if needed.
This last SPY weekly chart highlights the similarities between the made In the large-cap indexes. The way price reacts to these channels as well as creates these Pennant formations in unison is rather interesting. Compared to the small chart, the TNA, it is clear that the main and large-cap prices are moving somewhat in tandem.
At this point in the process, we are waiting for wave 3 to end and wave 4 to begin of the pennant formation. As price continues to consolidate within the pennant range, we should take advantage of opportunities that exist within this rotation and prepare for a brief breakout to new all-time highs. After new all-time highs are reached, we believe an immediate downside price rotation will begin sometime in September 2019 and last possibly into October or November 2019 – possibly longer.
Pay attention to vertical line number 10 on this chart. This price cycle reference occurs on September 8, 2019. It also occurs right after the apex of the pennant formation between the red and magenta lines. Our researchers believe a washout high price rotation, targeting new price highs, will be the likely resulting breakout move. After the washout high exhausts, we believe an immediate downside move will likely begin and push prices back below the 282 to 270 level while attempting to find support. Ultimately this downside move may attempt to retest the 240 level or lower. Time will tell.
Our suggestion is to pay attention to the small-cap index in relation to the mid-cap and the large-cap symbols. We believe the small-cap sector will provide greater detail for technical analysts and researchers. Overall, every one of these charts paints a fairly clear picture. We believe our research is accurate and that the market will do exactly as we are suggesting. The only thing that we are unsure of, at this point, is where the new all-time high price level will peak.
Our ADL predictive modeling system is providing some guidance in regards to this peak level. We will continue to provide further guidance and research as these price swings continue. It would be wise to prepare to trade a tightening price channel as this pennant formation continues – then be prepared for some very big price swings in late August and all through September.
We have a good pulse on the major markets and can profit during times when most others can’t which is why you should join my Wealth Trading Newsletter for index, metals, and energy trade alerts.
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. These super cycles starting to take place will go into 2020 and beyond which we lay out in our new PDF guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime
I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:
1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)
2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)
SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!Free Shipping!
Chris Vermeulen
Founder of Technical Traders Ltd.
https://thegoldandoilguy.com/wp-content/uploads/2019/06/30.png430700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-20 10:32:262019-06-20 10:32:26Small Caps May Lead A Market Rally
The US dollar rallied nearly half a percent off recent support near $96.50. This upside price move confirms the capital shift we have been talking about. Foreign capital is pouring into US markets and US dollar as strength in the US economy continues to dominate.
This new upside move in the US dollar has established a new lower price channel that should continue to act as price support going forward. Fibonacci price structure dictates that a higher low and a higher high price rotation may follow. We would expect some resistance just below the $98 level and if the Fed lowers the rate the dollar will likely pullback and consolidate for a few weeks to digest the news, but investors will still see the USD as the strong currency and keep buying it longer term.
It is important to understand the strength in the US dollar and the US economy should continue unless something interrupts the growth and continued out what from the US. It is very likely capital will continue to seek out the best returns and the best safety which we believe is available only in the US right now. Eventually, things may change where foreign markets become more opportunistic for investors and capital begins to shift away from the US markets. Until that happens we believe the US markets will continue to drive higher and likely push towards new all-time highs.
The strength of the US dollar is muting the upside potential in precious metals as well as the US stock market. We believe the underlying strength and opportunities resulting from the capital shift, where capital is rushing into US markets, will eventually override the strength of the US dollar. In other words, investors will continue to pour money into US stocks and into precious metals as a protection mechanism against risk while the US dollar continues to rise. If and when the US dollar does rate below the lower price channel, the US stock market may likely breakdown as well and precious metals should skyrocket higher. Until that time, we expect a moderate price advance to continue in the US stock market major and mid-cap sectors, the US dollar, and precious metals.
Gold will likely rally from the 1340 level to just below 1380 on the next leg. Then Gold will likely cause and rotate to near 1360, pause briefly, then rally to levels above 1400. We believe this rally may happen before July 12-15, 2019.
Follow our research to stay ahead of the market moves. We’ve been warning our followers for months that 2019 and 2020 will include incredible opportunities for skilled traders. We’ve also been calling these major moves very accurately. With the US elections only 15 months away, we urge all traders and investors to pay very close attention to our research and insights.
We have recently suggested that a major price may set up in late August or early September 2019. Once we get to this date or closer to this inflection point, we’ll provide more insight as to what our modeling systems are suggesting.
UNIQUE PHYSICAL SILVER OPPORTUNITY:
I have taken advantage of the flow into the safe-haven assets like the Utility sector, and most importantly precious metals (GLD up 3.68%, GDXJ up 11.16%). I anticipated this and our XLU utilities ETF taken with members was a quick 3.11% winner. Our VIX ETF trade also hit our 25% profit target within a few days of entry.
Now, I have a few silver rounds here at my desk I am going to give away and ship out to anyone who joins me with a 1-year, or 2-year subscription to Wealth Trading Newsletter. You can upgrade to this longer-term subscription if you a current subscriber or join one of these two exciting offers below, and you will receive:
1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)
2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)
I only have few silver rounds I’m giving away
so upgrade or join now before its too late!
SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!Free Shipping
Chris Vermeulen
https://thegoldandoilguy.com/wp-content/uploads/2019/06/25.png462700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-19 11:30:192019-06-19 11:30:19US Dollar Rallies Off Support But Is This A Top Or Bottom?
We take great pride in our research team’s ability to make accurate predictions and calls in the markets. In addition to the many predictions and calls we’ve made over the past few years, our Gold prediction from October 2018 continues to astound many industry professionals. We receive emails from people asking how we were able to make such an incredible call in Gold 6 to 8 months before these price moves? We politely tell these people that our research team and our proprietary predictive modeling tools assist us in finding and making these incredible predictions. The simple answer is it takes hard work, specialized tools and a lot of skill and research.
Please take a minute to review some of our research from January 2019 that highlighted this incredible prediction for Gold and the supporting, more recent, research posts suggesting Silver is the real sleeper trade.
January 28, 2019: MULTI YEAR BREAKOUT IN METALS
June 7, 2019: ADL PREDICTIVE MODELING SUGGESTS A BIG MOVE IN SILVER :
June 2, 2019: IS SILVER THE SLEEPER RALLY SETUP OF A LIFETIME?
Today, we are highlighting what we believe is the momentum impulse move in Gold that will become the catalyst for the future move in Gold & Silver throughout the rest of this year and likely all of 2020. The key element to launch Gold and Silver beyond current resistance levels is bound by two factors and could be boosted by a third. The first two factors are “fear and greed”.
Investors are continually searching for suitable investments with healthy returns and moderate risk. As we have learned from the past, capital will flow into any investment, even instruments that include incredible long term risk factors, when the opportunity exists for gains and risk is mitigated. The current upside price move in Gold is just such an event.
The recent news items add additional fuel to the Precious Metals rally because they foster increased fear related to the global economy and potential military action or increased uncertainty. This fear translates into the action of “protect my investments that may be exposed to greater risk and find an investment that reduces this risk and provides for greater returns/gains”. That is the question Gold investors are asking themselves all over the world right now.
The booster fuel, which would drive Gold and Silver into another galaxy is the US Dollar. If the US Dollar were to weaken, even by 4% to 7%, while a global uncertainty event continued to unfold, we believe this valuation pressure would push Gold and Silver well above our current expectations.
When we think about the current environment for precious metals, one has to understand that fear and greed don’t have to be tangible or overwhelming. This process is almost like a perpetual motion machine. Once the process gets started where investors pile into Gold because of the fear and greed factors, the price of gold rises. Because the price of gold rises, traders start to pay closer attention to what is happening in gold and the greed factor starts to increase. Once they are convinced this is a bigger opportunity and their fear levels are still valid, the conclusion is “I don’t want to miss this move in Gold, so I’ll get it now – before the big move happens”.
It is as simple as that. And this is why we are saying “T-Minus Three Seconds” before the big breakout move really takes shape. That is our way of saying, it could happen any day now. The breakout move and the momentum base appear to be ready to go.
This Gold daily chart highlights the recent upward price move and shows just how quickly price can rally. This resulted in a $75 price rally (+6%) in a matter of 10+ days. Imagine what that will look like after Gold breaks above $1650 on the fear/greed move.
This Gold Weekly chart highlights what we expect to be the first upside leg – the move to $1450. After that, we expect a brief pause in the rally (possibly 7 to 21+ days), then another big move higher where the price will rally above $1650. That bigger move should solidify the focus of global investors and, much like the big move in Bitcoin, should attract a large number of investors not wanting to miss the rest of the upside move.
Silver is what we are calling the “sleeper trade” for precious metals bugs. Sure, Gold has all the action right now because it is the leading metal to offset this fear/greed factor. Silver always lags behind gold because it is the “little brother” to the bigger players in gold. As our research has shown, when the move begins, Silver is actually a better trade than Gold because it will likely increase in price by a factor of 1.4 to 1.8 compared to the rally in gold prices.
We believe the next move in Silver will target $18 to $20. These price levels below $15 are a gift for anyone willing to take the trade.
This Monthly Silver chart shows what we believe will be the upside price waves as silver advances past $22. Read the research posts, above, again to learn more about our more detailed expectations. It is all right there for you to see and understand.
T-Minus Three And Counting. We believe this setup is about to break to the upside and there is not much time left to see prices near these levels. Below $1400 in gold and below $15 in silver are about to end. When this really does begin to lift off as we’ve been predicting, we may never see these price levels again. Well, at least in the foreseeable future.
CONCLUSION AND UNIQUE OPPORTUNITY
Its been an incredible year and a half for many reasons. We and our Subscribers portfolios are up over 91%. We called forecasted each and every move in gold 8 months before it all unfolded right down to the week for the low/bottom.
This May we said it was a sell in May set up and we profited from the rally leading into May and traded and inverse ETF to profit from the correction. We then profited from the safe haven money flow into the utility sector which rallied while the stock market fell. And to top it off we shorted the vix spike for a quick 25% gain during a time when everyone else was panicking.
So what does this all this mean? It means we have a good pulse on the major markets and can profit during times when most others can’t.
I can tell you that huge moves are about to start unfolding not only in metals, or stocks but globally and some of these super cycles are going to last years. These super cycles starting to take place will go into 2020 and beyond which we lay out in our new book/guide: 2020 Cycles – The Greatest Opportunity Of Your Lifetime
I am going to give away and ship out silver rounds to anyone who wants to trade and invest with me for the next 1-2 years through my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:
1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)
2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)
I only have 27 silver rounds I’m giving away
so upgrade or join now before its too late!
SUBSCRIBE TO MY TRADE ALERTS TO GET YOUR FREE SILVER!
Chris Vermeulen
https://thegoldandoilguy.com/wp-content/uploads/2019/06/1.png387700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-14 11:50:042019-06-14 11:50:04Precious Metals: T-Minus 3 Seconds To Liftoff
Closing out the first week in June 2019, the US stock market rallied hard from recent lows and prompted many traders/investors to rethink their future plans. At the same time, Gold and Silver began a decent price rally of their own while Oil found support just above $50. It certainly has been an interesting week for traders. One that was full of incredible opportunity as many symbols rotated 6 to 12% or more over the past 10+ days.
The fact that Oil is finding support above $50 while Gold and Silver continue to rally suggests that fear may be entering the metals market while Oil may have found a temporary price bottom near $50 to $51. Weakness in the US Dollar is also helping both Oil and Metals to push higher. Our recent research suggests that the US Dollar will find support near $95 indicates the US Dollar may fall a bit further – pushing Oil and Metals a bit higher.
The strength in the US stock market near the end of the week suggests fear of any US collapse or future economic concerns appears to be abated. It is very unlikely the US major indexes would rally as they have on any extreme fear of any major US calamity or economic concerns. A slightly weakening US Dollar and moderately strong US economic data continues to suggest the US stock market may continue to be the repository of funds for foreign investors for many years to come – or until something dramatic changes in the US.
It is rather simple to understand the capital process that is at work in the global economy at the moment; until foreign market valuations and expectations appear to be opportunistic for future returns, the US Dollar and the US stock market are the most likely targets for foreign investment and safety. Weakening currencies, weakening global economies and weakening commodity prices will push capital away from foreign markets and into safety. Safety will be found in the US markets, precious metals and possibly Crypto currencies. Anything that avoids deflationary risks and credit/debt risks.
This YM Weekly chart highlighting our Fibonacci price modeling system shows how dramatic the upside price reversal was by the end of last week. The closing candles created an Engulfing Bullish candlestick pattern which is typically quite bullish. The fact that price closed above the GREEN Fibonacci trigger level is further indication that a renewed price rally may begin soon. Support near $24,000 appears to be quite strong and any further downside price risk must first break this level. As long as support holds and price continues an upside bias, there is a very strong potential for a move to above $28,000 in the works.
This NQ chart highlights a similar price pattern and suggests the NQ needs to climb above $7600 before a true rally can begin. Ultimately, the upside targets for this move are near $8500 or higher based on current price rotation. Support near $6800 is critical – so price must stay above this level for any future rally to continue.
We authored a VIX/Volatility article just a few days ago that highlighted our believe that the VIX would trade lower, within a sideways price channel till near the end of July or August 2019 – then begin another VIX Spike move upward. This coincides with the current research we are seeing where the US stock market will likely continue to push higher, very possibly setting new all-time highs again, before any real risk of any downside price collapse happens.
Follow our research and don’t miss these opportunities. We’ve been warning our followers for months that 2019 and 2020 are going to be incredible years for skilled traders. These recent 10 to 20% moves in Gold, Silver, Oil and many ETFs are just the beginning. Our research team and trading team are ready to help you find and execute for better success.
Chris Vermeulen
www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/06/21.png387700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-10 10:26:172019-06-10 10:26:17US Markets Rally Hard – Could Another Big Upside Leg Begin?
Our Adaptive Dynamic Learning (ADL) predictive modeling system is suggesting that Silver is currently well below the projected ADL price level. We believe the current pricing pressure in Silver is related to global central banks attempt to regulate precious metals prices over the past 24+ months. We believe the upside move in Gold will eventually roll into Silver and the ADL predictive modeling system is suggesting Silver is currently 34% undervalued.
Our ADL predictive modeling system is capable of identifying highly probable price outcomes in the future by tracking and mapping historically accurate similar price DNA patterns. The chart below shows exactly why we believe Silver is setting up an ADL price anomaly where a big upside price reversion should take place over the next 30 to 90 days.
It is difficult to attain an exact date for the reversion move, yet we know that the ADL predictive modeling system is suggesting Silver should be trading above $17 right now. Over the next 4+ weeks, the ADL suggests price should be above $18. The current price, near $13.95, is well below these ADL predicted levels. Thus, we believe a price reversion process will take place to drive the price of Silver upward toward the ADL predicted levels.
Now, if you take a look at our Silver Cycle Momentum chart below you can see that the current price of silver is just starting what looks like a new uptrend.
We believe the current upside price move in Silver is just the beginning. This may, very well, be the last time we’ll see sub $14 levels for quite a while in Silver. We believe skilled traders should be taking advantage of these historically low levels right away to prepare for the upside price move. Keep in mind the market does not move straight up and while I am bullish this me not be the exact time to by silver.
Become a technical trader by watching my daily analysis video each and every morning before the opening bell, and take the same trades I do with my trade alerts at the Wealth Building Newsletter.
Chris Vermeulen
www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/06/20.png640907adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-07 17:29:042019-06-07 17:30:03ADL Predictive Modeling Suggests A Big Move In Silver
We asked our researchers a question recently, “Could Gold rally above $3750 before the end of 2019?”. We wanted to see what type of research they would bring to the table that could support a move like this of nearly 200% from current levels. We wanted to hear what they thought it would take for a move like this to happen and if they could support their conclusions with factual conjecture.
Now we ask you to review these findings and ask yourself the same question. What would it take for Gold to rally above $3750 (over 200% from current levels) and why do you believe it is possible?
Our research team came to two primary conclusions in support of a Gold price move above $3750 :
A) The US Presidential election cycle/political environment could prompt a vicious global economic contraction cycle of fear and protectionist consumer and corporate activity that propels the global economy into a deflationary (mini-crisis) event.
B) The global trade wars could complicated item A (the US Presidential election cycle) and create an accelerating component to this global political event. The result is the mini-crisis could turn into “
a bit more” than a mini-crisis if the global trade wars prompt further economic contraction and disrupt global economic activities further.
Our research team suggested the following as key elements to watch out for in terms of “setting up the perfect storm” in the global markets.
A) The US Dollar falls below $94 and continues to push a bit lower. This would show signs that the US Dollar is losing strength around the world
B) The Transportation Index falls below $4350 and begins a bigger breakdown in price trend – targeting the $3000 level. This would indicate that global trade and transportation is collapsing back to 2007-08 levels.
C) Oil collapses below $45 would be a certain sign that global Oil demand has completely collapsed and the sub-$40 level would very quickly come into perspective as a target.
D) Global Financial stability is threatened by Debt/Credit issues while any of the above are taking place. Should any of the A, B or C items begin to take form over the next few weeks or months while some type of extended debt or credit crisis event is unfolding, it would add a tremendous increase of fear into the metals markets.
Our researchers believe the US Dollar is safe above the $91 level throughout the end of 2019 and that any downside risk to the US Dollar would come in brief price rotations as deflationary aspects of the global economy are identified. In other words, at this time, we don’t believe the US Dollar will come under any severe downside pricing pressures throughout the end of 2019. We do believe a downside price move in the US Dollar may be setting up between now and early July 2019, but we strongly believe the $91 to $93 level is strong support for the long term.
The Gold Spot price / the US Dollar price chart highlights the incredible upside price move in Gold after 2001-02. It was almost a perfect storm of events that took place after this time to prompt a move like this to the upside. Not only did we have multiple US based economic crisis events, we also had a series of global economic “shifts” taking place where capital and assets were migrating all across the globe searching for superior returns. Could this happen again?? Of course it could. Although, we believe the next move in precious metals will be met with a completely different set of circumstances – very likely targeting foreign nations and not the US economy.
This SPDR GLD chart shows a moderately safer play for investors and traders. The potential for a 20%+ upside price move over the next 60+ days is quite likely and our belief is that traders should be able to trade GLD throughout many of the upside and downside price rotations over the next few weeks and months. Ultimately, if you are skilled enough to pick proper entries, a decent trader could focus on GLD and pick up 65% to 120% ROI over a 7 to 12 month span of time.
–Our Last Gold Forecast From October 2018 Unfolding Perfectly –
Pay attention to where the opportunities are for your level of skill and capital. As we’ve been saying for many months, 2019 and 2020 will be fantastic years for active traders. Stick with what you can execute and trade well because there will be dozens of trades available to most traders over the next 16+ months.
Overall, our research team believes that precious metals have just begun to move higher on a WAVE C impulse move. We authored a research post suggesting that Gold and Silver were currently 20 to 30% undervalued back in late May 2019. The current upside move in Gold and Silver may be just the beginning of a much bigger move.
Ideally, we believe this initial impulse move will end above $1650. From these current levels, that reflects a 25% to 30% upside move in GLD. If any of the fear-inducing items, listed above, begin to take shape over the next 12+ months, we could certainly see Gold above $2100 before too long. $3750 may seem like “shooting for the stars”, but all it takes is a combination of fear and deflation/inflation to drive investors into a gold-hoarding mode just like we saw after 2003-2004 – and that move prompted a 500% price rally from the $300 base level. That same move today would put the current price of Gold near $7800. It might seem like it could never happen – but it could.
Bottom line, we forecast the markets and share some extreme analysis like this to open your eyes to some potential opportunities. But, you cannot just jump into gold or miners after reading this and think you are set for success. The markets are never that simple. You must actively adjust and trade with the market and our daily video analysis is what will keep you on the right side of the market more times than not. This week, we locked in some profits on our long gold ETF, and gold miners ETF, why? because our analysis says both of these are at resistance and could pullback before heading higher. We don’t buy, hope and hold, we enter positions, lock-in profits, rinse, and repeat over and over again.
Get my daily video analysis and trade alerts today by subscribing to the Wealth Building Newsletter.
Chris Vermeulen
www.TheTechnicalTraders.com
https://thegoldandoilguy.com/wp-content/uploads/2019/06/17.png398700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-07 16:43:402019-06-07 16:43:40Could Gold Rally Above $3750 Before December 2019?
Our research team believes Silver could be the Sleeper Rally setup of a lifetime for investors if the global economic cards continue to get scattered and crumpled over the next 10+ years. The recent rally in Gold got a lot of attention last Friday (the end of May 2019). We had been warning about this move for the past 8+ months and generated an incredible research post in early October 2018 that clearly highlighted our belief that Gold would peak above $1300 early in 2019, then stall and move toward $1270 near April/May 2019, then begin an incredible upside price rally in June/July/Aug 2019. We couldn’t have been more clear about this prediction and we posted it publically in October 2018. See This Previous Gold Forecast Snapshot
Now, our research team is going to share with you some incredible insights into what may become the most incredible trade setup we’ve seen in the past 12+ years – the Sleeper Silver Setup.
Going all the way back to the early 1970s, when the Hunt Brothers ran most of the metals markets, we can see the incredible price rally in Silver from $1.28 per ounce to nearly $41.50 in late 1979. This move setup with a very simple pattern – a high price breakout in 1973 that broke a sideways price channel and initiated a nearly 6+ year rally resulting in an incredible 3142% price increase from the lows.
Could it happen again?
Well, after this incredible price peak, the price of Silver languished and moved lower, eventually bottoming in 1991 near $3.50. After that bottom setup, the price of Silver setup another sideways price channel and traded within this range until a 2004 High Price Breakout happened AGAIN. It seemed inconsequential at the time – a rogue high price near $8.50. Maybe that was it and maybe price would just rotate lower back to near the $4.00 range??
This High Price Breakout setup an incredible price rally that resulted in a continue price advance over the same 6+ year span of time. This rally was not as big as the 1974 to 1979 price rally in percentage terms, but it was much bigger in terms of price valuation. The 1979 price peak ended at $41.50 and resulted in a $40.25 price increase whereas the 2011 price peak resulted in a $46.32 price increase.
Will it happen again in our lifetime?
As incredible as it might seem, we believe Silver is setting up another High Price Breakout pattern that should conclude within the next 2 to 4 months with a price high near $22.50 to $24.00 (see our proprietary Fibonacci price modeling projections below). After this peak is reached, hold on to your hat because we believe the upside price rally could mimic past rallies and attempt to immediately move the price of Silver to well above $85 per ounce. Ultimately, we can only guess as to where the top of this move may end – but we can safely estimate it will likely top somewhere between $90 and $550. This, of course, will require some type of major bear market is other asset classes and possibly some global crisis but we believe it is very possible in due time. Our predictive modeling systems will help us determine where the actual price peak will be as this unfolds over time.
And there you have it – one of the most incredible trade setups you’ll ever see in your lifetime. Yes, it may happen twice in your life or more, but we believe this setup in Silver is just weeks or months from initiating the next upside price leg (the High Price Breakout) and we are alerting you now to be prepared.
UNIQUE PHYSICAL SILVER OPPORTUNITY:
We should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members was a quick 3.11% winner. Our VIX ETF trade also hit our 25% profit target within a few days of entry.
Now, I have a few silver rounds here at my desk I am going to give away and ship out to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:
1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)
2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)
I only have few silver rounds I’m giving away
so upgrade or join now before its too late!
SUBSCRIBE TO MY TRADE ALERTS AND GET YOUR FREE SILVER ROUNDS!
Chris Vermeulen
https://thegoldandoilguy.com/wp-content/uploads/2019/06/4.png368700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-06-03 13:44:352019-06-03 13:44:35Is Silver The Sleeper Rally Setup Of A Lifetime?
We’ve been trying to alert all of our followers of the setup in precious metals for well over 6 months. Here is our research post from February 6, 2019 (nearly 4 months ago) that highlights our prediction of an April 21~24 momentum base and our earlier calls predicting a move above $1300, then a stall and move lower towards the base in April, then the next leg higher.
Here we go again.. We’ve been nailing the Precious Metals moves for many months and we’ve heard from many of our followers and members about our research. Some of you might remember our November 24, 2018 prediction that Gold would rally above $1300, then stall and set up a “Momentum Base pattern near April 21~24, 2019“. We find it incredible that we can make a prediction about Gold nearly 6+ months ahead of the move using our proprietary predictive modeling tools and then sit back and wait for it to happen just as we predicted.
On March 28, 2019, we posted this research article regarding the “Final Buying Opportunity for Gold”. Our researchers believe this current double-bottom setup is the last time you’ll see Gold prices below $1300 for quite some time in the future. Again, we were warning our followers that the opportunity to position their gold trades was setting up and this low price setup may be the last time we see Gold near these lows.
Our current research suggests the bottoming is over and the new price leg should begin to prompt a Gold price rally over the next 5~7+ weeks targeting a level well above $1375 initially.
This Daily Gold chart highlights the price rotation and the Double-Bottom that has currently set up in Gold. Our proprietary Fibonacci price modeling system is suggesting an upside price leg targeting at least $1330 (on this Daily chart) will become the initial upside price leg. Remember, the Daily Fibonacci modeling system is predicting price moves over 10~30+ days.
This Weekly Gold chart is highlighting the same Fibonacci predictive price modeling system on long term data – weekly data. You can see how we’ve highlighted the price rotation peaks and valleys as well as how the Fibonacci modeling system is predicting a broader upside price move with a target near $1425 or higher.
If you pay attention to the MAGENTA price rotations we’ve highlighted throughout the initial upside price move, you’ll see there are a total of FIVE (5) rotations within that first price leg. A perfect 5 wave rotation upward. Then, the following downside price move consisted of a THREE (3) wave downside price move – resulting in a DOUBLE-BOTTOM price formation. Should this next wave, wave C, rally in equal form to Wave A, the upside price target for the move would be $1450. We believe this next price advance will be bigger than Wave A and likely result in a price target range well above $1650.
As we’ve been saying for many months, get ready and here we go. Once the protectionist moves into Cryptos have waned and traders realize the magnitude of this potential precious metals rally (as well as the fact that Cryptos will not provide the same level of protection as precious metals), the hunt for the shiny metals will be on. It would be very wise to stay well ahead of this move and prepare for this upside leg now.
We have been trying to tell you about this move for over 6+ months. We hope you’ve been paying attention and understand that even with a 4% to 8% price risk (or more) in your accumulation of Gold/Miners and precious metals positions, this trade is for the longer-term objective – not the short-term 8 to 12%. This next upside price move could target the $2100 to $2400 level if it extends into a complex advancement wave. That would mean Wave C could end well above $2100 and that Wave E could target the $5000 level or much higher.
We’ll keep you informed of this move, but you better start planning for this upside move before you miss this bottom. And just because we like to hear it – remember, we called this move back in November 2018 – over 6 months ago.
UNIQUE OPPORTUNITY: First, we typically see stocks sell-off and as the old saying goes, “Sell in May and Go Away!” which is what has been happening.
So what does this mean? It means we should start to see money flow into the safe-haven assets like the Utility sector, bonds, and most importantly precious metals. I anticipated this and our XLU utilities ETF taken with members has already hit our first profit target, and our VIX ETF trade also hit out 15% profit target and we the balance of it is still up 25% as of yesterday.
Second, my birthday was this month, and I think its time I open the doors for a once a year opportunity for everyone to get a gift that could have some considerable value in the future.
For May I am going to give away and ship out silver rounds to anyone who buys a 1-year, or 2-year subscription to my Wealth Trading Newsletter. You can upgrade to this longer-term subscription or if you are new, join one of these two plans listed below, and you will receive:
1-Year Subscription Gets One 1oz Silver Round FREE
(Could be worth hundreds of dollars)
2-Year Subscription Gets TWO 1oz Silver Rounds FREE
(Could be worth a lot in the future)
I only have few silver rounds I’m giving away
so upgrade or join now before its too late!
https://thegoldandoilguy.com/wp-content/uploads/2019/05/29.png368700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2019-05-29 21:04:452019-05-29 21:04:45Extended Gold Mega Base Could Prompt An Incredible Rally
After an incredible 7+week rally in Bitcoin, from $3700 to above $8000, the current price action is setting up for what may become an extended Pennant/Flag formation with quite a bit of sideways trading ahead.
Our researchers believe the past 7+ weeks rally in Bitcoin was prompted by a shift away from risk in Asia/China and into more suitable protection assets. Cryptos appear to be the easy choice for many as this rally coincided with the April 3rd through 6th US/China trade talks in Washington, DC (https://www.scmp.com/economy/china-economy/article/3004961/us-says-theres-still-significant-work-be-done-trade-talks). It appears that many investors were preparing for a difficult deadline after the March 1st deadline for a deal was pushed back. These early April trade talks may have been interpreted as a “do or die” effort from both sides. Again, shortly after the May 1st US/China trade talks in Beijing, Bitcoin began another rally from the $5200 level all the way up to the $8000 level.
Our contacts, although we admit they are fairly limited in total quantity, have stated the sentiment from locals in China are very pessimistic on the US and President Trump. A few of our contacts have recently stated they have been laid off or terminated from their jobs and, as we understand, locals have already started to react in a protectionist mode. This happens when economies contract quickly. Consumers attempt to protect their wealth and assets by moving any capital they have into something more efficient than their local markets – thus Cryptos.
This Weekly Bitcoin chart highlights areas that we believe our current support and resistance levels. The $8000~8100 level goes all the way back to the February 2018 low. This is a critical level for trading as it became a massive price support level back in 2018 – and eventually became critical resistance in July 2018. Additional resistance is found near $9900.
This Daily Bitcoin chart highlights what we believe are the current Key Highs and Key Lows that will tell us if the next phase will be a continued rally or a breakdown in price. The Key Low near $7480 must hold for any further upside price advance. If $7480 is broken, we would expect the next Key Low price to be targeted (near $6200). Otherwise, if another rally breaks out and price rallies above the Key High, then we could see an upside target range between $9200 to $9700 very quickly.
You can see from our BLUE CHANNEL levels on the lower indicator that we believe a Pennant/Flag formation may be setting up in Bitcoin right now. This type of price rotation is not uncommon after a big move like we’ve seen already and it could be a fairly wide price rotation as this sideways Pennant/Flag pattern continues. The current range between Key Highs and Key Lows is about $2000 – lots of room for trading/traders.
The key to understanding this move is the protectionist thinking of the people of China. They are very likely attempting to move their capital into something that is not Chinese Yuan based and away from traditional holdings (Gold, Real Estate, Jewelry or other assets). Eventually, we will likely see Gold/Silver follow the rally in Cryptos if fear continues to hit the markets. Cryptos, although, appear to have executed the first leg of the “fear trade” originating from the breakdown in the US/China trade negotiations.
An additional word of warning should be that any resolution to the US/China trade talks over the next 60+ days could remove any long term support for this upside move in Cryptos. Pay attention to the news cycles and what is happening in China, the EU and the rest of the world. As fast as it went up, it could easily break down as news hits.
Lots of great price action unfold to take advantage of. Subscribers just closed out a 24% winner and another 3.46% as the markets prepare for a new move. If you want my trade signals and alerts be sure to check out my Wealth Trading Newsletter.
