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SILVER & GOLD

Silver and gold both had pullbacks on Friday, but what's ahead?
I expect large moves in the future maybe as early as next week. First i will post some charts and explain some indicators and show why I expect large moves, but not just in Gold and Silver but all the precious metals (and metals in general).
GLD $SPDR Gold ETF(GLD.US)$ (ETF that tracks gold futures $Gold Futures(JUN4)(GCmain.US)$ $E-micro Gold Futures(JUN4)(MGCmain.US)$ ) Not the best instrument into gold, although it will follow the traded price. I only show the chart because it is the traded gold price.
SILVER & GOLD
That is a pennant/bull flag. Action tends to happen at the tip of triangles (either breakout or breakdown)
SILVER & GOLD
This is zoomed in on the same timeline.  Gold is sitting right at the breakout/breakdown point, on an indecisive candle (MMs never make it easy to judge direction). Why do I believe it will breakout and not down? Experience,  haha... Expand the timeline to see what kind of trend we are in.
SILVER & GOLD
The orange arrow is the current triangle point from the daily charts. The yellow arrow is the previous triangle point. *those arrows will be the same points in the following charts*
SILVER & GOLD
Just look at that 10 year cup and handle!!! Something will cause gold to go parabolic
SILVER & GOLD
SILVER & GOLD
Going out to the quarterly you can see the purple channel line that was in previous charts. The new cyan channel line is the parabolic trendline. Also highlighted in green are current price and price axis.
*Red arrows are when the Dragon awoke*
SILVER & GOLD
The quarterly chart again zoomed in. Highlighted  is trying to show the comparison of MACD gap compared to price increase, then correlated to a future target zone.
Silver $iShares Silver Trust(SLV.US)$ again an ETF that tracks futures price. $Micro Silver Futures(JUL4)(SILmain.US)$ Not my favorite for exposure to silver *Although l do hold options on it.*
SILVER & GOLD
Remember MMs never make it easy? No signal for RSI or MACD On the daily, watch and monitor to see if silver bounces up off of yellow channel lines or drops to the corner of the cyan triangle before breaking out. Again zoom out to confirm trend
SILVER & GOLD
On the weekly the bull flag can be seen, with RSI and MACD trending up.
SILVER & GOLD
The monthly showing the bull flag.
As mentioned the above are ETFs that track futures price, but they are not backed by physical ownership of the metal.
(They do have a silver holding but no one knows how much is in it, it has been declining for 12 straight months. The number of futures lined up against their depleting stores are mounting and are the largest ever for gold and 2 year high for silver and growing. Below is CME futures contracts for delivery, notice how they are growing and not declining)
SILVER & GOLD
The expected increases are not limited to only gold and silver - I expect other precious metals (Platinum, Palladium) and industrial (copper, nickel) metals to also run to the upside.
I had mentioned that GLD and SLV were not my favorite assets for exposure. Below is a list of different investment avenues.
(if they are starred * I am invested in it)
ETFs (Exchange Traded Fund) Precious metals ETFs and Trusts with physical backing of your shares. Each purchase is backed by an amount of the metal its holding (you can not take physical delivery). The only true way to own precious metals is to physically buy and hold them!
$Sprott Physical Silver Trust(PSLV.US)$ *
$Goldman Sachs Physical Gold ETF(AAAU.US)$ $Abrdn Gold ETF Trust(SGOL.US)$
$Abrdn Palladium ETF Trust(PALL.US)$ $Graniteshares Gold Trust(BAR.US)$
$Sprott Physical Platinum & Palladium Tr(SPPP.US)$*
$Abrdn Precious Metals Basket ETF(GLTR.US)$
ETFs that track futures price, but has limited physical holdings
$Spdr Gold Minishares Trust(GLDM.US)$
$Graniteshares Platinum Trust Shs Beneficiary Investment(PLTM.US)$
$Invesco Db Precious Metals Fund(DBP.US)$

Leveraged ETFs - excellent for those that can track trends. (if you do not understand how leveraged assets work do not use them)
$DB GOLD DOUBLE LONG EXCH TRADED NOTES(DGP.US)$  2X gold
$ProShares Ultra Gold(UGL.US)$  2X gold
Leveraged Miners
$MICROSECTORS GOLD MINERS 3X LEVERAGED ETN(GDXU.US)$  3X
$Direxion Daily Gold Miners Index Bull 2X Shares(NUGT.US)$  2X

Individual Miners (you can find other miners by looking at the ETF holdings)
$Newmont(NEM.US)$ * (Like most miners on a historic run)
$BHP Group Ltd(BHP.US)$
$Rio Tinto(RIO.US)$ (has pollution issues, operates in africa, they actually poisoned the "Rio" but are not the same company)
$Vale SA(VALE.US)$* operates in Brazil, had fallout from a dam collapse, seems over it
$Barrick Gold(GOLD.US)$ *
$Seabridge Gold(SA.US)$ *
$New Gold(NGD.US)$
$Sibanye Stillwater(SBSW.US)$ * Has a mine strike in Africa, but a palladium mine in US
$Coeur Mining(CDE.US)$ *
$Endeavour Silver(EXK.US)$ $Pan American Silver Corp(PAAS.CA)$ $Yamana Gold(AUY.US)$ *
$Iamgold(IAG.US)$ *
$Kinross Gold(KGC.US)$ * 25% of mine assets are located in Russia
$AngloGold Ashanti(AU.US)$ *

as always Good Luck And if anyone has a good miner they like, put it in the comments, people helping people.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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