QE4EVER. We are likely heading for a decade of inflationary spikes. They can try to fight it, but self-preservation usually wins.
Still an almost 20% premium on a 100 oz bar. It seems like there would be a lot of money to be made buying on Comex, taking delivery, and chopping up the bars.
Sliver has been outperforming Gold since the early March lows, but I think it is likely both are in the process of correcting recent uptrend - Gold on the order of $50.-$150 downside and Silver $0.50-$1.50 over next few weeks. Then see maybe at that time resumption of uptrend.
I think there's a decent chance that we break out above. In that case, price target will be 36 and change.
Didn’t see that, cheers! I think it’s heading to $50 and possibly beyond, we are looking at inflationary spikes for a decade. The monthly chart you posted has a signal within it, not on your chart, that is one of the best indications I used for years now. It’s going up baby
I almost always truncate spike reversals and use spot price, rather than futs continuous charts, for long term view:-