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

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    Unobtanium PatColo's Avatar
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    Bullish metals' chart action... big move pending? All Aboard!!

    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/kaa...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/kaa...579&mocktick=1
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    Dangerous Donald Neuro's Avatar
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    Re: Bullish metals' chart action... big move pending? All Aboard!!

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

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    Unobtanium PatColo's Avatar
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    Re: Bullish metals' chart action... big move pending? All Aboard!!

    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.

    Quote Originally Posted by Neuro View Post
    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
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    Unobtanium PatColo's Avatar
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    Re: Bullish metals' chart action... big move pending? All Aboard!!

    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/h...dr1vsOSu01XCCg 15:40
    Rothschild Taking Down the Dollar? China Launches New Oil Benchmark As Bankers Move Money East

    • 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...

    https://www.rt.com/business/399645-so...

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

    Quote Originally Posted by Neuro View Post
    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.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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

    Quote Originally Posted by madfranks View Post
    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

    5 years SLV,

    http://bigcharts.marketwatch.com/kaa...579&mocktick=1
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    Re: Bullish metals' chart action... big move pending? All Aboard!!

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

    The Bad News: a nuclear war in Asia is required to achieve it.
    The night has come upon us, and we have but two choices: to fear it, or to face it bravely while looking to the Light that cannot be overcome. John 8:12

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    Iridium old steel's Avatar
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    Re: Bullish metals' chart action... big move pending? All Aboard!!

    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?

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    Dangerous Donald Neuro's Avatar
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    Re: Bullish metals' chart action... big move pending? All Aboard!!

    Quote Originally Posted by old steel View Post
    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.

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