The community is delayed by three days for non registered users.

Fantastic longterm chart of gold

Posted by goldnice on 27th of Sep 2020 at 07:38 pm

Fantastic longterm chart of gold from "SilverChartist" twitter. Basically gold is now backtesting the $1800 breakout. Once we eventually get over $2100 the target of this 10 year {Cup} breakout is $2700. This is standard technical action after such a historical breakout in gold. 

Fantastic chart and commentary about

Posted by goldnice on 26th of Sep 2020 at 06:36 pm

Fantastic chart and commentary about the potential 10 year {H&S} bullish bottom reversal setting up in gold. Once we breakout over $2100 the target of the pattern is $2700

CDE Silver & Gold Stock.

Posted by goldnice on 25th of Sep 2020 at 09:12 pm

CDE Silver & Gold Stock. Weekly Close. Beautiful {C&H} setting up here. You can see that this current correction could be viewed as the {Handle} or {Bull Flag} setting up. $9.26 triggers long. Notice silver is forming a bullish {Triangle} Elliott Wave count. 

FNGD 3x FANG Bear ETF.

Posted by goldnice on 24th of Sep 2020 at 10:10 pm

FNGD 3x FANG Bear ETF. The downtrend line from March 2020 has now been broken to the upside on ungodly volume. $11.79 triggers long which gives a {Wave 3} confirmation. Stop would be placed at $9.19. These kind of setups don't come around very often on Wall Street.

KOR.TO Gold Stock. Still backtesting

Posted by goldnice on 24th of Sep 2020 at 09:42 pm

KOR.TO Gold Stock. Still backtesting the {Cup} breakout from July 2020 at $3.55. Currently coiling inside a tight {Triangle}. You would never know about the amazing volatility in gold & silver in the past week by looking at this chart. 

SLV Silver. I was going

Posted by goldnice on 24th of Sep 2020 at 08:11 pm

SLV Silver. I was going through my charts on silver with different wave counts and this potential {Triangle} just popped off the page. One scenario could be that silver is in the early stages of forming a large bullish {Triangle}  

GDXJ  Gold Stocks Jr ETF.

Posted by goldnice on 23rd of Sep 2020 at 07:24 pm

GDXJ  Gold Stocks Jr ETF. Breaking down out of the {Triangle} setup. Still looking to hammer in a {Wave 4} bottom. Next support between $50-$51. Next trigger long would be $65.96. Lots of stops hit in last 48 hours. 

GPR.TO Silver Stock. Currently in

Posted by goldnice on 23rd of Sep 2020 at 03:34 pm

GPR.TO Silver Stock. Currently in a {Wave 4} correction that can end at any moment. $1.43 triggers {Wave 5} long. 

Classic chart from "Northstar" twitter

Posted by goldnice on 23rd of Sep 2020 at 01:51 pm

Classic chart from "Northstar" twitter showing the recent correction in gold is nothing more than textbook backtesting of the 10 year {Cup} breakout. This is standard technical action. 

TSLA Tesla Inc. Textbook Elliott

Posted by goldnice on 22nd of Sep 2020 at 08:58 pm

TSLA Tesla Inc. Textbook Elliott Wave structure here. Currently in a 5th wave blowoff top. Notice how the {5th Wave} had subdivided into it's own 5 wave fractal structure. Also notice the bearish{Rising Wedge}where the stock coiled up to the apex of the wedge.

SLV Silver ETF. This is

Posted by goldnice on 22nd of Sep 2020 at 08:28 pm

SLV Silver ETF. This is my current view on the silver market. Currently in a {Wave 4} correction which could end at any moment. My preferred count would be one more leg down to complete the textbook {ABC} correction. {Wave 5} is confirmed over $27.39. 

BYND Great example of a

Posted by goldnice on 22nd of Sep 2020 at 08:24 pm

BYND Great example of a textbook {Cup} setup. $168 triggers long. Initial stop would be placed at $150.

Fantastic chart showing that the

Posted by goldnice on 21st of Sep 2020 at 02:31 pm

Fantastic chart showing that the last time growth stocks were this overvalued compared to value stocks was at the peak of the Nasdaq bubble in March 2000. What a time to be alive. SQQQ $SDS $SOXS

KOR.TO Gold Stock. Starting to

Posted by goldnice on 20th of Sep 2020 at 10:07 pm

KOR.TO Gold Stock. Starting to poke it's head out of the {Triangle} setup. The stock has been basically backtesting the {Cup} breakout from July 2020. $4.27 triggers long. 

SOXS Semiconductor 3x Bear ETF.

Posted by goldnice on 20th of Sep 2020 at 08:40 pm

SOXS Semiconductor 3x Bear ETF. Very similar to the bullish setup in SQQQ - Trying to hammer in a long term rounded bottom on good volume. The downtrend line from April 2020 has been broken to the upside. A breakout over $47.93 triggers a bullish {Wave 3} advance. 

GLD Gold. {Weekly} Close. Currently

Posted by goldnice on 18th of Sep 2020 at 10:06 pm

GLD Gold. {Weekly} Close. Currently in a minor {Wave 4} correction which could end at any moment. It's also inside a large {5th Wave} which is subdividing into it's own 5 wave fractal structure. A breakout over $194.45 triggers {Wave 5}. 

DJIA Weekly Close. Notice how

Posted by goldnice on 18th of Sep 2020 at 09:41 pm

DJIA Weekly Close. Notice how {Wave B} has subdivided into it's own 5 wave fractal structure. Good luck to all.

KGC very bullish for the

Posted by goldnice on 18th of Sep 2020 at 01:35 pm

KGC very bullish for the gold sector. Maybe Warren Buffett was on to something when he put $500 million into Barrick Gold. Remember! Rates are at 0% until 2023! Gold exposure and positive rates via dividends is amazing for the 2020's

SQQQ Ultra Short Nasdaq ETF.

Posted by goldnice on 17th of Sep 2020 at 09:40 pm

SQQQ Ultra Short Nasdaq ETF. Absolutely fantastic setup here. Months of patience have lead to this opportunistic situation. Starting to breakout of the downtrend line from April 2020. Definitely trying to hammer in a long term bottom here on ungodly volume.

SLV Silver ETF. This is

Posted by goldnice on 17th of Sep 2020 at 09:12 pm

SLV Silver ETF. This is my current view on the silver market. Currently in a {Wave 4} correction which could end at any moment. My preferred count would be one more leg down to complete the textbook {ABC} correction. {Wave 5} is confirmed over $27.39. 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!