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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (186334)	4/14/2022 7:47:57 AM
From: sense	1 Recommendation Recommended By maceng2 Read Replies (3) \| Respond to of 217737

Gold may have formed a second Bullish Cup and Handle pattern from 2020, at the tail end of a larger degree Bullish Cup and Handle pattern from 2011. In the chart on page 58, we show this latest pattern. If this is correct, Gold is now working through the Handle portion. Once complete, another strong rally leg will take Gold substantially higher. As for the larger degree Bullish Cup and Handle pattern, Gold broke decisively above the declining upper boundary of the "Handle" portion of a huge Bullish Cup and Handle pattern that started in 2011, several weeks ago. This is a major development for Gold, which very likely will carry over into Silver and Mining stocks. Miners look ready to go manic... but, the market these days doesn't get to make its own decisions... so, also have to calculate capacities in "objection"... as recently in oil, and nickel, or, in stocks as in SBSW on March 7th... Also as in oil, though... some stocks more ready to move than others. Fairly easy to tell who is getting antsy and who is still asleep... silver definitely warming up... copper oddly... acting more like nickel, but with "them" now saying the shortages coming in copper are "baked in" and getting worse with time... while the market continues suppressing the investment necessary to "fix it"... which, of course, means more upside for longer when finally they do let it go... The juniors and penny stocks are still bumping bottom... some bouncing off bottom a bit... others not so much... But, that's where biggest future gains lie, is in picking those pennies that are a nickel now, that will be $5 in a few years... and, buying them for $0.04 instead of $0.05... at bottoms... means 20% more shares... and 20% higher future gains... so a penny lower makes 40% difference in returns... So you have to look for stocks going down... still... to find those making bottoms... or, of course, control your enthusiasm well and limit focus to only let yourself go shopping on days they're holding sales, instead of on days they're raising the prices... A good story and a strongly rising market will get a decent penny pick from bumping bottom to over $1 in a year or two... but real winners need more stuffing... serious rocks... and serious and capable management... But, I think what we're heading for "soon" is more of a "throw a dart" market... if it has "gold" or "silver" in the name... suddenly a winner... Inflation just got real... and, I think, for the first time... "they" are recognizing it isn't going to fix itself for them.... and, if It is "transitory"... its only in the sense of passing through >8.5% while heading off to still higher elevations... So, the word is now out... you need to own gold and silver to not be getting robbed... and, what I'm seeing in the market now is the kind of stuff that hasn't happened the way you see it happening now... since around 1963... when people figured out what it meant that the coinage was going to be converting from silver to "sandwich" metals... A friend called today and told me... even "junk" silver... bags of old silver coins... are now selling at a widening premium to the metal content... Not a huge fan of Van Metre's approach to looking at stocks... and he's been a pro-dollar perma-bear on "value" in the PM's... leans toward the sensational in headlines... and believes them on things like "it's transitory"... and "Biden's SPR releases will bring down oil prices, and thus inflation"... [that can't and won't happen]... but, he does know the $ side of markets as a "bond guy"... that stuff he gets right when others don't understand it... and he does a better job than most of picking out and presenting "what matters and why" in the news of the day that drives the markets... A few recent hits: March 1: And Bank Runs Have Started! A bit of click-bait as the story is about events inside Russia. April 6: Banks Panic as Lending Demand Crashes April 12: Bank Runs Begin as Consumers Pull Deposits April 13: China's Home Sales Crash 53% Threatening to Trigger a Global Financial Crisis But, many cups and handles... one inside another... Where do those little stacking inside each other doll things come from ? It's odd... as cup and handle patterns used to be rather rare... and, these days, the charts (that I tend to look at) are absolutely full of them... AGQ daily... November to April... AGQ 60 Minute, 23 March to 13 April .