It's true: Charts help to predict the future ~ “Untethered from Gold, the dollar floats on a sea of hope & guesswork”. Nothing here is financial advice 🇬🇧
A lot of ardent Gold Bulls will turn tail, and pronounce the PM Bull era has ended. The Weekly Cycle is the driver of this consolidation.
I remain patient.
#Crypto: No big changes to my Cycle Map from nearly a year ago with #BTC's 4-Year Cycle expectations. An ICL is expected in a couple of Weeks - But prior to this there should be a juicy Short trade. Not quite yet...
#BTC 4-Yr Cycle should top in/around December.
August should deliver mini-euphoria, followed by drop, December should deliver Major-euphoria, followed by (harsh) extended drop [descending portion of 4-Year Cycle].
Selective Alts will offer even better trades: Both up & Down 👇
I am expecting Gold's next ICL around the area of late August - early September.
Today's Substack article goes into some interesting "Other" metal charts, (read "Critical Metals"):
open.substack.com/pub/sich/p…
On Silver's Weekly, you can see how the 2 Bollinger Bands are shaping and funnelling price towards the drawn box. The next 3 months will act as refuelling for Silver.
I've been a holder of NexGen for the last 5.5 years. Original investment has been multiplied 4-5 X. RR reckons another 10 years to go. No argument here.
Last October, legendary investor @RealRickRule said oil was the best opportunity in commodities while crude was still trading around $65. Then oil surged past $100.
Now he tells @MichelleMakori the next big commodity opportunity is something most investors still aren’t paying attention to.
Watch the full interview here:
youtube.com/watch?v=IvhbvM0R…
TLT on it's Weekly...
I suspect there is some sweating 😓 going on in the US treasury at the moment. Support again being tested.
I was expecting another TACO Tuesday....?
Gold & Gold Miners (shown here using GLD & GDX) continue to show classic consolidation, where Miners underperform the metal.
You can see where the Miners were outperforming up to the end of February.
Expecting the Miners to re-establish relative strength in a few ( ) months.
📣 News Alert!
AbraSilver Expands Diablillos Mineral Resource Estimate to 248 Million Ounces Contained Silver and 2.5 Million Ounces Contained Gold (454 Moz AgEq) in M&I
Highlights Strong Growth at Oculto & Significantly Expands Heap Leach Component
“We’re extremely pleased to deliver yet another strong Mineral Resource update at Diablillos, with total M&I now exceeding 450 million ounces of silver-equivalent. This update reflects continued growth in our core deposits while also highlighting a large-scale heap leach opportunity that could enhance the Project’s overall development profile. “
Read more: abrasilver.com/news-releases…$abra$ABRA.TO#silver#preciousmetals#commodities#argentina
📣 PRESS RELEASE!
AbraSilver Intersects 68.5 Metres of 343 g/t Silver, including 17 Metres of 917 g/t Silver
Demonstrates continuity of high-grade silver mineralization between Oculto & JAC zones at Diablillos
“Our ongoing drill program continues to reinforce the scale and growth potential of Diablillos at a key stage in the Company’s development. The latest broad, high-grade silver intercept between Oculto and JAC further validates the continuity and quality of the existing Mineral Resource, while ongoing drilling at Oculto East continues to successfully target growth and extensions beyond the current conceptual open pit boundaries.”
Read more: abrasilver.com/news-releases…$abra$ABRA.TO#silver#preciousmetals#commodities#argentina