Silver has gone parabolic in safe haven trade. As stated in the analysis, Bitcoin was not a real hedge against inflation, and would not act as a safe haven. Gold and Silver were the best as historically is always the case. The move in Silver appears to coincide with a breakdown in the global economy.
Monthly Chart
Silver went parabolic into the Davos World Economic Forum event where it was recognized that globalisation has ended.
ReplyDeleteI've said for several years that a big move in Silver was coming...
ReplyDeleteI'm wondering if this is gonna drop
ReplyDeleteGood point! It is starting to look extreme. These parabolas tend to correct quite harshly.
DeleteSilver still pushing...
ReplyDeleteSC when does the spx downfall begin?
ReplyDeleteSPX has been moving very slowly. AI is a weak spot and will gap down soon. The US is due to run out of money again. It's only funded for short periods. So the economics are steadily worsening.
DeleteThe big play is the coming Recession which will be very serious. However, the last quarter GDP was ok so we have to watch for fading growth.
The US Dollar is in trouble!
ReplyDeleteSilver drops 30%, gold tumbles 10%
ReplyDeleteWorst silver drop since 1980!!!
DeleteDownside target ?
DeleteI'll post charts with targets. Silver looks to be in a corrective move to about $55. Then it can go much higher.
DeleteThanks , 90$ area is 38,2 fibonacci level... Crash . Strong rebound aka Bear rally... ? now 88$..
Deletenow... 83$ down 7% from daily high... 90$ area..
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Delete$63 may be the Bottom.... almost 50% down from top in one week....
DeleteAgree that Silver not likely much downside left in this correction.
DeleteSilver does need some time to consolidate and then will resume moving higher.
DeleteA lot of action to trade in Silver markets and have targets for this year.
Delete$90 Silver again soon
DeleteFull agree.
DeleteIt didn't take long and we saw AI weaken.
ReplyDelete$90.....
DeleteIf it goes beyond 92,
short squeeze to 100...
Silver at $93 on safe haven trade!
ReplyDeletegood chance for qqq move to 540-565
ReplyDeletemags 58
nvda 165
vix 32
almost green....
DeleteSilver can slowly consolidate back to $65 again next. It'll take time and choppy down.
DeleteWell this went just as we had talked about when Gaza war sparked several years ago. What began as a small regional war in Gaza has now spread to entire Middle East...
ReplyDeleteOne thing to note though is that volatility doesn't currently seem to have that fire that explosiveness despite a lot of pessimism. This is significant!
ReplyDeleteSilver fell as anticipated!
ReplyDeleteHuge Oil spike!!!
ReplyDeleteHow high do you think oil can push here SC? 120-150?
DeleteYou know it! $200
DeleteMakes sense and it seems we could get there quickly based on the weekend developments. Do you expect Trump to tap the SPR once it reaches 200?
DeleteNew chart posted!
ReplyDelete