Bearish Megaphone mid point backtest. Fits the fundamental backdrop which is the worst since 1930. If we breakout over 30k we will re evaluate this bearish setup.

Living through history.

Fantastic chart showing that the last 3 times gold's RSI hit 70 since 1973 there was a subsequent explosion in price that lasted years. We are at the cusp of the 4th RSI 70 in gold today. 

HMMJ Marijuana Stocks ETF. Looks like we have the potential for a bullish {Cup} setup here. The downtrend line from Jan 2020 has been broken to the upside. $9.65 triggers long. Plenty of time to stalk this setup.  MJ CGC TLRY ACB APHA CRON VFF 

Here is the new "Fed Adjusted" investor psychology chart. What a time to be alive!

SU.TO  Energy stock. Clean tight {Triangle} setting up. Notice the {C&H} inside the triangle. $27.11 triggers long. Initial stop would be placed at $25.07

VFF Marijuana Stock. Look who is back in town. Breaking out of the {Triangle} setup on massive volume. Notice the {C&H} inside the triangle. Stop@$4.90. 

Fantastic chart showing that value has not been this cheap relative to growth since 2001. 

GLD Gold ETF. 2 month {Hourly Chart}. Absolutely locked and loaded here. A breakout over $165 would be extremely encouraging. Stop@$157. 

NG.TO  Gold Stock. {Wave 5} setup taking shape. $18.01 triggers long. Initial stop would be placed at $15.08. 

CDE Silver & Gold Stock. Breaking out of the main setup which is the {Triangle}. You can also see the possibility of a {Cup} setting up. $6.50 is the next trigger long. 

Beautiful graph showing who has the highest silver revenue in the silver sector. 

QQQ Nasdaq. We are not out of the woods yet. The {Wave B} setup is still in place and valid unless we get new ATH's above $237. I would be a big buyer over this level as that would be a gigantic bullish {Cup} breakout. Initial stop would be placed at $227.

If you believe that the current economic backdrop is worse than the 2008 GFC then the bull market in gold has just started. We are in the 1st inning of a 9 inning ball game. 

SILV Silver Stock. Breaking out of the {C&H} setup. Stop@$6.84.

Full on retail investor FOMO. All the big experienced wall street money managers have been dead wrong so far including Stanley Drunkenmiller, Jeffery Gundlach and Warren Buffet. This reminds me of 1999 when everyone said that Warren Buffets methodology of how Wall Street works was antiquated and obsolete. 

Fed chairman Powell's promise to the American people that there is a "lot more [the Fed] can do", coupled with his 'explanation' that the Fed "prints money digitally", alongside the news that a tiny coronavirus vaccine trial showed promise, was enough to unleash the biggest buying panic in history today May 18 2020.

The United States government and the Federal Reserve in the last 2 months have injected more stimulus and liquidity into the economy then they did in the entire 2008 GFC. The price of silver subsequently went from $20-$50 between 2009-2011. What do you think silver is going to do this time between 2020-2022? 

An instant classic chart from "Northstar" twitter. Just look at that textbook {Cup} setup. Any pullback from current levels could be viewed as the {Handle} setting up. What a time to be alive if you believe that gold is the centerpiece of the financial universe! 

A "Tavi Costa" classic. The last time silver was this cheap compared to financial assets was 2001 when silver was under $5. I am just glad i lived long enough to play another hard money bull market again. Like DiCaprio in "Wolf of Wall Street" when people ask me if i am going to sell any of my 2022 SLV call options which are already {In the money} i kindly reply "I am not Fkn selling!"