Bullish metals' chart action... big move pending? All Aboard!!

[PatColo]

Pd broke out to a nearly 18 year high last week; and today the high/ask touched $1,002, kissing Pt's low/bid of $1,000.

Au broke out of an 11 month quadruple-dip cup/handle last week, on robust recent volume (at least for the ETF).

http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=gld&uf=0&type=2&size=2&sid=3219852&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=1033531649&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1


Ag (reflected by etf SLV below), broke a major 1+ year trendline, and a downward-sloped double-dip cup/handle, again on heady recent volume,

http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=slv&uf=0&type=2&size=2&sid=2305869&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=8&rand=880063868&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

[Neuro]

It's coming! Platinum group metals move first, followed by gold and then last silver rocket!

[PatColo]

check the OP charts for GLD & SLV again, as they're current as of your opening this thread: nice to see the apparent "gap openings" today... gap may close, depending on Au/Ag's trading through the 4PM ET NYSE close.


It's coming! Platinum group metals move first, followed by gold and then last silver rocket!

Notice I didn't comment on platinum itself in the OP... it's resembling silver, with recent 1+ year trendline break, plus downward-sloped triple-dip cup/handle breakout; or double-dip flat cup/handle since late Mar.

1 year:

http://www.kitco.com/LFgif/pt0365nyb.gif


5 year:

http://www.kitco.com/LFgif/pt1825nyb.gif

[PatColo]

as to the fundamentals behind a major up move in the metals, haven't seen any discussion here of this apparent rothschild move out of US assets, & into China/asia. Original article links below:

vlogger Chris Simpson, formerly "Bait & Sketch":
https://i.ytimg.com/vi/BCfOQGXMI3w/hqdefault.jpg?sqp=-oaymwEXCNACELwBSFryq4qpAwkIARUAAIhCGAE=&rs=AOn4CLAc5_pUJp8DrBvZdr1vsOSu01XCCg (https://www.youtube.com/watch?v=BCfOQGXMI3w) 15:40
Rothschild Taking Down the Dollar? China Launches New Oil Benchmark As Bankers Move Money East (https://www.youtube.com/watch?v=BCfOQGXMI3w)

2,565 views
19 hours ago




Streamed live 21 hours ago
Weeks ago, Jacob Rothschild disclosed he is moving investments out of the U.S. into far Eastern Markets. Now, under a month later, China is announcing the start of a "new world order" to be brought about through a new oil benchmark backed by gold, that will be priced in yuan, thus replacing the U.S. dollar as practically the only denomination in which oil is sold. This change could clearly have a massive global economic impact, and might be a bad sign for the strength of the dollar. It also appears to align with bankers interests to begin moving money out of the United States, into the Far East. Are bankers trying to squash the dollar?

Original Articles:
http://www.zerohedge.com/news/2017-08... (http://www.zerohedge.com/news/2017-08-19/lord-rothschild-share-prices-are-unprecedented-levels-not-time-add-risk)

https://www.rt.com/business/399645-so... (https://www.rt.com/business/399645-soros-stock-market-bet-trump/)

[madfranks]

It's coming! Platinum group metals move first, followed by gold and then last silver rocket!I hope so, silver has been such a dog lately.

[PatColo]

I hope so, silver has been such a dog lately.


silver could have a quick run into the $19s from here; then it would be good if it formed a sideways/handle in there for at least a couple weeks.... then that Aug '16 peak looks to be around $19.75... a high volume break above that would be, BARN >>>>> HORSE :cool:

5 years SLV,

http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=slv&uf=0&type=2&size=2&sid=2305869&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=12&rand=302994933&compidx=&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

[crimethink]

The Good News: Metals, especially silver, are launching!

The Bad News: a nuclear war in Asia is required to achieve it.

[old steel]

Blood sucking Banksters can't wait to try and throw a "monkey wrench" into the burgeoning PM prices, but doing so would be a spectacular failure, and they know it.

The Silver and Gold markets have grown immune to their blatant and obvious attempts to manipulate the price of the precious metals...

Whatever shall they do when dropping 20 Billion in paper no longer has an effect?

[Neuro]

Blood sucking Banksters can't wait to try and throw a "monkey wrench" into the burgeoning PM prices, but doing so would be a spectacular failure, and they know it.

The Silver and Gold markets have grown immune to their blatant and obvious attempts to manipulate the price of the precious metals...

Whatever shall they do when dropping 20 Billion in paper no longer has an effect?
They'll drop a 100 Billion, anyway I thought the silver and gold markets had grown immune to their manipulations for the last 10 years from time to time then the hammer hits! Sometimes they just have to let out some steam through the safety valves.