Which way? A Gold Timing exercise

[themickey]

Seems this thread's about gold timing, next call, gold is not shot, it's showing energy to continue on going.

Looking bullish....

 

[themickey]

Seems this thread's about gold timing, next call, gold is not shot, it's showing energy to continue on going.
View attachment 278207

Gold futures, 5 minute chart, something is pushing it hard about 1 hour ago. News or maybe the fact just breaking through the 1880 level resistance??
At about 8 month high atm.

 

[themickey]

Currently the majority of gold and silver stocks above MA50, Maybe 50/50 gold stocks over MA200 but silver is lagging considerably.
Gold stocks today very strong, silver lacking enthusiasm atm.
Crypto getting hammered!

 

[fan27]

 

[themickey]

Whats intriguing, silver being so lethargic, can't work out what its problem is.
Always some f***n problem.

 

[Cabin111]

I wonder what the beta is gold to silver...Silver to gold??

 

[themickey]

I wonder what the beta is gold to silver...Silver to gold??

My observation, once a precious metals bull or bear market is truly underway, 2:1 silver to gold.
Currently less than 1:1.

 

[Cabin111]

My observation, once a precious metals bull or bear market is truly underway, 2:1 silver to gold.
Currently less than 1:1.

Once gold starts moving, people jump into buy. There becomes a scramble and those who feel left out (missed the boat) jump into silver quickly. That's what I think saw in the late 70's during inflation...

 

[SunTrader]

Once gold starts moving, people jump into buy. There becomes a scramble and those who feel left out (missed the boat) jump into silver quickly. That's what I think saw in the 80's during inflation...

Most commodities go up with inflation and Silver is more a commodity than precious metal.

 

[themickey]

I just happened by chance to plot MA200 on silver chart.
Be interesting to see if it changes its behaviour should it get above.