Sentiment speaks, Seeking Alpha, Avi Gilburt, just
published:
While the market can certainly
pullback some over the next week or two, I will tell you that our
EWT Miners Portfolio is positioned for a break out sooner rather
than later. However, we still have some cash on hand available to
be deployed if a pullback can still be seen.
The main signal level one should
watch for at this time is the 17.85 level in silver. Since we broke
through the major resistance at 17.50, the market told us that the
probabilities have strongly shifted to the bullish side of the
market. And, a break out over 17.85 will likely catapult us quite
quickly towards the 19 region, on our way up to the 20-22 region
before the next major consolidation .
So, my next larger targets are
set for the GLD, silver and the GDX heading up towards the August
2016 highs over the next several months. Once we see that region
struck, the next larger degree consolidation will take hold into
the summer, and will set up the strong break out over the August
2016 highs later this year, on our way back towards the 2011 highs,
which may be seen as early as the middle to late part of
2018.
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Sentiment speaks, Seeking Alpha, Avi
Posted by steve101 on 5th of Feb 2017 at 09:09 am
Sentiment speaks, Seeking Alpha, Avi Gilburt, just published:
While the market can certainly pullback some over the next week or two, I will tell you that our EWT Miners Portfolio is positioned for a break out sooner rather than later. However, we still have some cash on hand available to be deployed if a pullback can still be seen.
The main signal level one should watch for at this time is the 17.85 level in silver. Since we broke through the major resistance at 17.50, the market told us that the probabilities have strongly shifted to the bullish side of the market. And, a break out over 17.85 will likely catapult us quite quickly towards the 19 region, on our way up to the 20-22 region before the next major consolidation .
So, my next larger targets are set for the GLD, silver and the GDX heading up towards the August 2016 highs over the next several months. Once we see that region struck, the next larger degree consolidation will take hold into the summer, and will set up the strong break out over the August 2016 highs later this year, on our way back towards the 2011 highs, which may be seen as early as the middle to late part of 2018.