Last week the “Power of the Pattern” reflected that Gold could fall up to $500 an ounce, if a key support line in the chart below was to give way. (see post here)
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Shared the charts below with Premium members yesterday morning reflecting that GLD and SLV remained inside of quality falling channels…
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The above chart reflects that the metals remains inside of quality falling channels, with SLV at (1) in a place that a breakdown could see it fall very hard and swift!
The chart below was shared with premium members on 12/16…suggesting SLV could lose a “Big Chunk” of its value on a break of support!
Check out where the bottom of the falling channel comes into play!!!
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Shorting Silver remains a favorite over Gold, even though Gold looks to continue to fall in price!
that bottom channel line on GLD: rather imaginary isn’t it?not to say your imagination isn’t stellar
Hi Chris,
Thanks for illustrating the SLV tower/pattern and tremendous opportunity. The timing of your posts continue to amaze me. With the dollar coming off support today, does SMN also show you enough relative strength, or do you want to first see a breakout in CRB?