Technical analysis on gold, silver, the US Dollar, & Euro as well as swing trade ideas various mining stocks & ETFs. Silver or Gold level access initially required.
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Gold, Silver, & Mining Stock Analysis 8-3-20
2020-08-03T14:09:05-04:00Aug 3, 2020 2:09pm|Categories: Forex (Currencies), Gold & Commodities, Subscriber-only Content, Unofficial Short Ideas|Tags: $EUR/USD, $EURO, $GOLD, $SILVER, $USD, /GC, /SI, AG, ASM, FSM, FXE, GDX, GLD, MAG, PAAS, SIL, SLV, SLVP, UUP, WPM|16 Comments
Please if you have time, do the video or short post with charts on grains/coffee and other commodities.
Yes, I second this request. There have been a lot of activities on grain, coffee, and other acq commodities recently. Please do a short post with charts/potentials.
I’ll be posting an update on the ag commodities today, most likely a video. Keep in mind that I’ve pointed out both near-term & longer-term targets on most of the ag commodities that I’ve been highlighting in recent months. To reference all home page posts that cover a specific security, for example, coffee, click on Resources>Search All Front Page Posts>Select Symbol Tag & then type in the symbol (e.g.- JO, $COFFEEE, or /KC) to load all posts covering coffee in chronological order starting with the most recent.
Charts are dynamic. Sometimes I question the near term when sudden moves happen, hence value the opinion of someone more experienced. Thank you!
Hello thank you for the update you mentioned updating the NG? Can we get the chart with your opinion? I think we missed the big move but maybe there is some more upside.
Sold all my UNG at 11. I should have waited. Bought some KOLD, Thinking it will give back some gains from today cuz of steep gains today.
I’ll post an update on /NG & UNG asap. Might roll it into the first part of a video update on the ag commodities & related trade ideas that I’m working on now.
thx uPlease keep us updated on shoty entry for metals, y
Will do. Gold & silver are at resistance but no sell signals yet. I will continue to post frequent updates for the foreseeable future & make a point to highlight any decent sell signals/breakdowns in the metals & miners.
Thanks for the update on euro/usd! excellent video as usual!
Sorry, please let us know when you have short entry prices for metals, yhx u
Any update after moves today?
Looks like SI tagged 26 and reacted. I bet a lot of traders are trying to short SI at 26.
Ya and it set a new divergent high as well.
Looks like I am early to the party and left eh NG party too soon LOL S.M.H.
@rsotc I see hourly positive RIS confirmation and PPO Divergence on SI futures but daily shows the inverse with RSI divergence and PPO confirmation of upside. Is there an explanation for it and which chart wins out? typically defer to longer term chart correct? or is hourly leading the daily?
I’ve been watching volume buzz of ZSL vs AGQ (2x short and 2x long silver). ZSL volume is up 3000% vs AGQ which is up 800%. I’m thinking this is implying that shorts are loading up and longs are also buying but not as aggressive. Silver is in a bull market and as we have seen over the last few months the shorts are getting crushed in the broader market rally. So I think silver has more room to run and if it pulls back there will be dip buyers.