Get ready for the $SILVER move! $SLV

The Q4 FOMC combined with mid December tax loss selling is a prime time to sneak your way back into the precious metals sector. It has been a great year for metals, and believe it or not the 4 month correction from August to December is perfectly normal and reasonable given history.

Комментарий:

In the above chart I have several major $SLV dark pool prints shown. These were all buys as the big players started stacking major longs into each selloff.

Below is the 10YR seasonal charts for silver and gold, showing that December is the opportune moment to get back in the trade very near the Q4 FOMC statement.

Комментарий:

The number of treasuries reaching maturity next year in 2021 will be 5X the amount in 2020, nearly $6 trillion in total.

Gold and silver have been lagging $TIPS which are usually very correlated. When you see negative correlations it usually means a "catchup phase" is due.

We saw a peek of this condition back on November 27-30 when the December contracts reached expiry. The big banks did paper short raid (virtually no gold and silver traded hands, only paper futures contracts) and the very next day (DEC 1) silver recovered 6% as the move was entirely false.

Комментарий:

My target by the FEB 25/26 seasonal top shown in the seasonality charts above are about $2200 gold and $35 silver.

Комментарий:

It is key to be in the correct silver miners.

CDE, AG, AXU are either breaking out or nearing a breakout ahead of silver.

The GDXJ/GDX ratio is still increasing from the bottom in march, always a good sign.

The SILVER/GOLD ratio is also increasing again rapidly today, another good sign for precious metals.

Комментарий:

Комментарий:

Комментарий:

Nice potential backtest of the broken trendlines. Small flash crashes today in metals (especially platinum). The real buying doesn't start (on average) until DEC 23.

Комментарий:

Silver is dumping in sympathy with gold and real yields increasing. Let's see if this truly is a backtest and first correction in the new trend up.