SVM.TO Silver stock starting to form a nice {Cup}. Getting ready to breakout to multi year highs. $6.16 triggers long. 

CDE - Silver and Gold stock breaking out of this huge {H&S} bullish bottom reversal on the (weekly) chart. 

Gold and Gold Stocks currently in a {Wave 4} correction. Charts from Robert McHugh. 

CGC (Update). Marijuana stock. The Elliott Wave {Wave 5} correction bottom that i have been stalking looks to be in. A move over $22.50 triggers long. Stop@$18.88. 

Gold $1400-$1450 looks increasingly likely again. I've highlighted this possibility recently, but it looked low probability. Odds increasing again. It would look very good from a chart point of view. Chart and comments  from "Northstar" twitter.

XME -  Metals & Mining ETF with a huge {H&S} bullish bottom reversal on the multi year (monthly) chart. Some of the top holdings are CDE HL FCX NEM RGLD AKS CMC AA 

Silver. First chart shows the massive 40 year (CUP&HANDLE) setup and the third bullish signal  in the last 45 years....watch the two precedent legs up after the signal. The second chart shows how big bullish (Double Bottoms) in silver have been a bullish indicator. One of the ways i am playing it is with long term options on SLV. Example, The JAN 2021 SLV $20 calls. Charts from "Stefano Bottaioli" twitter. 

{Big Picture} HUI gold index.

Monthly close in SLV - All 3 setups in Silver that triggered long in July are still in play. The {Triangle} breakout @$15.22, The {Double Bottom} @$13, and the {Elliott Wave 3} setup. 

Fantastic chart and quote from "Tavi Costa" twitter. "Precious metals outpacing stocks again. The silver-to-stocks ratio outlays the extent of opportunity ahead. At a perfect double bottom. Looks like the very early stages of another precious metals rush." 

CG.TO {C&H} setting up in this gold stock. One of the cleanest setups in the gold and silver space. $12.90 triggers long. Stop@$11.79. 

{Big Picture} Gold. The move after we get through this pullback/backtest will be very exciting. Chart from "Northstar" twitter.

USA.TO Very interesting setup forming in this silver stock. A {H&S} bottom reversal setting up in the bottom corner of the {pitchfork} and {wave 2}. Encouraging if we can get over $4.03. Stop@3.34 

GDXJ {Big Picture} - Looks like the minor {Wave 4} correction is also a backtest of the huge {triangle} breakout from July.

Another great chart and quote from "Northstar" twitter. "SiIver preparing for a big move ? know it feels like it's been a long time coming, but with a bullish MACD cross back above zero, the odds have increased significantly.."

Recession signal elements:  First yield curve inverts.  Then yield curve steepens. Finally  Industrial production slows & then turns negative.

{Big Picture} SLV using {PitchFork} and {Elliott Wave} analysis. Shows how early on we are in this new gold and silver bull market.

The recession clock is ticking faster. 5-yr vs. 3-m spread now inverted for almost 8 months. Only happened 4 other times. At the peak of the housing bubble. In the midst of the 2001 tech & ‘73-4 inflationary bust. 5 months prior to the ‘80 recession.

QQQ is  starting to breakdown here. I would go long over $195.16 if we can get over it. Otherwise if we keep breaking down through the trend line and have the {H&S} top confirmed its going to get ugly and you can expect that 3rd rate cut immediately. 

Great gold chart from "Northstar" twitter.  Showing a 10% pullback to backtest the $1400 breakout would be a normal correction if we are in a real bull market in gold.