Form 8.5 (EPT/RI) - musicMagpie Plc
-
*FORM 8.5 (EPT/RI)*
2022-03-17
Hi Yo Silver, Away!
I view silver and gold in concert. I do believe the metals are attractive here, but there is an absolutely ugly monthly candle forming on gold, similar to the one forming in oil. With crude, I believe the top is in.
Silver has a similar monthly candle forming:
However: Last month I posted The Low is In: Silver Joins Gold in a Breakout and I haven't changed my view. This looks like a healthy consolidation within the basing pattern. That silver is stronger is bullish. The target for gold from this 2-year base is $2500. The massive 11-year base, yet to be broken, points to $3000+ gold with a stretch target of $5000.
Labels:
Charts,
gold,
gold miners,
silver
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment