SILVER 0.30% $15.25 silver futures

I expect this to be base camp week (finally). Why? - gold should...

  1. 9,759 Posts.
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    I expect this to be base camp week (finally).

    Why? - gold should hit falling low trendline on the bull flag pattern either tomorrow or Tuesday night and start to round then rise- putting some starch into the silver bid to break the rising low triangle consolidation Silver pattern. Silver remains a bueno constructive chart

    https://hotcopper.com.au/data/attachments/2954/2954640-a72eb07f364c10aef095d0a90fee83db.jpg


    $1702 gold (dotted blue horizontal line) is also the 61.8% fib retrace of last years full March- August move. The sheer awesome of math!

    taking a leaf out of @Verily1's KISS playbook - for those looking to pick their spots in silver stocks.


    https://hotcopper.com.au/data/attachments/2954/2954631-567f58377c076053f85467f2f5db696a.jpg

    Note that MYL is suspended currently due to Myanmar coup - and MKR I am assuming $100M mark to market capital value for its 850kozpa mill
 
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