Watch Silver, folks. This quiet shiny metal is starting a move that could be very foretelling of global market concerns and risks. Early on December 26, 2018, Silver broke through recent resistance, to the upside, with a relatively large 2.8%+ upside move. Why is this so important to traders? Because Silver is the “sleeper metal” that is typically the last to react to global economic concerns. Once Silver starts to move to the upside with a renewed bullish trend, we believe this move would indicate that bigger players are starting to accumulate Silver as a safe haven for future economic concerns/crisis events.
This Daily chart of Silver shows the December 26 upside breakout move. We can clearly see the breakout above $15.00 and the historical resistance just below $15.00. This move is extremely important in the context of the total risk play that has recently played out through the past two months. Take a look as how quiet the Silver market has been over the past few months. Take a look at how Silver reacted only moderately to the recent market selloff and Fed statements. There was no real “fear” exhibited in the metals markets or in Silver over the past 60+ days. Yet, today, there is some real fear that is playing out in the price of Silver.
This next Weekly Silver chart helps us to understand the total scope of this move and what we could expect to see as an immediate upside price target. Our Adaptive Fibonacci Price modeling system is suggesting that $16.00 is an immediate upside price target and is showing us the current trend is bullish and that price volatility is increasing. Overall, we could see a move well above $17.00 on an extended run in the metals.
Watch how this “sleeper metal” plays out over the next few weeks and months. This upside breakout is very important to investors for the simple reason that it indicates a renewed level of “fear” is entering the markets and we could be starting a very big upside move in the metals markets again. The last time Silver entered a massive bullish phase it shot up over 400%. If a similar move happens again in the near future, Silver could reach a price level near $60~65 per ounce.
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December 12, 2018 Our team of researchers, at www.TheTechnicalTraders.com, believe the recent upward price move in Gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins. The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242. We predicted this move over 40 days ago with this research post. We still believe Gold and Silver are setup for a bigger move higher, yet we believe the recent upswing will briefly pause and retrace to levels we are showing, below, before attempting a bigger move to the upside. This Daily Gold chart shows our Learning Fibonacci modeling system and highlights three key resistance levels. We’ve also drawn a shaded RED range around the price levels predicted by our Fibonacci modeling system. As you can see, the current Gold price has … Continue reading
December 12, 2018 Our proprietary Fibonacci predictive modeling system is suggesting Natural Gas is about to break down below the $4.30 level and move aggressively toward the $3.05~3.25 level. This could be an incredible move for energy traders and a complete bust for existing longs. This Weekly Natural Gas chart is showing our Fibonacci Predictive modeling system and highlighting the lower support price targets just above $3.00. We believe price weakness will break the $4.30 level very quickly and drive prices well below the $3.40 level – very likely towards support near $3.25 over the next few weeks. Our Advanced Adaptive Dynamic Learning predictive price modeling system is showing similar results. It suggests a major price anomaly is setting up in Natural Gas that will prompt a massive downside price move over the next 2~3 weeks before an equally incredible price recovery takes place. The total of this predicted … Continue reading
October 16, 2018 Chris Vermeulen As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires. This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week’s price collapse. We’ve read everything from warnings of a $20 trillion dollar collapse to seeing Bloomberg’s SMART INDEX chart showing equity valuations are near historic market bottoms. It seems everyone wanted to get out and share their opinions – I guess we are no different. The facts still remain the same, until the global market dynamics change and the US equities markets break the defined price channels that have been well established, we do not see any reason to consider a 6~8% correction life-threatening. In the total scope of the price range, this move represents less … Continue reading
October 14, 2018 There has been quite a bit of information and opinion in the news recently regarding the recent downside price action in the US Equities markets. We’ve seen everything from “The sky is falling” to “The markets will rally into the end of the year”. If you’ve been following our research and analysis, you already know what we believe will be the likely outcome and if not – keep reading. There are a number of key components of the global economy that are of interest currently; US Treasuries, Precious Metals, Emerging Markets, the European Union, Trade Issues and Capital Shifts. When one considers the scope of the entire global market environment in terms of these individual issues, a fairly clear picture of what is really happening begins to take shape. Here is our summarized opinion of the current state of the global markets. Capital is shifting (again) as … Continue reading
July 5, 2018 Just before the July 4th holiday, the US equity markets were about to rally above a defined wedge formation that has been defining price range for the past 7+ days. As the markets opened on July 3rd, prices had already started to rally and appeared to be ready to rocket higher by a decent amount. Yet, by early morning, news that China had banned Micron chip sales in a patent case caused the markets to reverse quite steadily. This news, as it relates to US chip manufacturers and a major part of the NASDAQ, creates a temporary speed bump in the perceived rally that we have been expecting for weeks. The Technology sector makes up a very large component of the US major indexes. Other than the DOW, technology firms are spread across nearly every sector of the US major indexes and this case may have some reach to it. … Continue reading
June 25, 2018 The US Equities markets rotated over 1.35% lower on Monday, June 25, after a very eventful weekend full of news and global political concerns. Much of this fear results from unknowns resulting from Europe, Asia, China, Mexico and the US. Currently, there are so many “contagion factors” at play, we don’t know how all of it will eventually play out in the long run. Europe is in the midst of a moderate political revolt regarding refugee/immigration issues/costs and political turmoil originating from the European Union leadership. How they resolve these issues will likely be counter to the populist demands from the people of Europe. Asia is in the midst of a political and economic cycle rotation. Malaysia has recently elected Prime Minister Dr. Mahathir Mohamad, the 92-year-old previous prime minister (1981~2003) as a populist revolt against the Najib Razak administration. In the process, Mahathir has opened new … Continue reading
June 13, 2018 With the G7 meeting concluding and the world about to start reacting to what was said and what was heard, it is time to take a look at the Crude charts with our Advanced Fibonacci price modeling system. Our research team, at www.TheTechnicalTraders.com, believes Crude will continue to drift lower over the next few weeks testing the $60 ppb level before breaching this support level and ultimately targeting $58 or lower. Lacking a real resolution to the trade and other global issues, we believe continue global economic pressures will drive oil prices dramatically lower over time – at least through the Summer months. This Monthly Crude Light chart shows our Advanced Fibonacci price modeling system at work. As of right now, we see a recent price rotation top (highlighted by the RED DOWN TRIANGLE) near the right edge of price as well as the RED and GREEN … Continue reading