Comments on: Gold & Silver Minimum Price Targets Hit

By: rsotc

rsotc — Tue, 25 Feb 2020 16:47:28 +0000

In reply to rsotc. /PL blew right past the 952 support, taking out any reasonable stops, but once again offers an objective entry here at the 932 support and/or on a break above the downtrend line.

By: rsotc

rsotc — Tue, 25 Feb 2020 15:12:56 +0000

In reply to rsotc. Although I should have added an intermediate target around 20.70 on SLV which is likely to produce a reaction if/when hit before those longer-term targets.

By: rsotc

rsotc — Tue, 25 Feb 2020 15:12:06 +0000

In reply to BenjaminDancer. My long-term target on gold via GLD has been (and still is) 174 although that is pretty much my intermediate-term target, now that GLD is only about 10% below it. SLV intermediate to long-term target zone is 23.80-25.40.

By: nostaticatall

nostaticatall — Tue, 25 Feb 2020 14:32:51 +0000

Good call on silver @rsotc, I sold yesterday and went in long a little this morning, will buy more if things pan out.

By: BenjaminDancer

BenjaminDancer — Tue, 25 Feb 2020 14:07:20 +0000

Hi, Randy. I have gold and silver both as long term and intermediate term investments. Could you give your thoughts on price targets for those two timelines?

By: rsotc

rsotc — Tue, 25 Feb 2020 13:54:39 +0000

On a related note, platinum, either /PL (futures) or PPLT (ETF) offers objective long entries: 1) Here at the top of the support zone (960ish) 2) At the bottom of the support zone (952ish) 3) On a break and/or 60m close above the downtrend line Minimum target just below the 978.50ish resistance with two additional potential targets on the 60-min chart below (or just trail up a stop & let it run if the trade starts to pan out), stops somewhat below the 950ish level although watch for a potential divergent low is the 952 support is taken out.