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Created on: 9/14/2021 2:52:34 PM   Last Update: 9/14/2021 2:56:27 PM Posted by: RTT
WARNING: This entry is 288 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.

1 POST Gold and Silver Volume Waves Review
gold-and-silver-volume-waves-reviewThe sign says it all. The professionals want the public to focus on the words, to scare out the weak hands, but the color of the sign underlines the value in a money printing world, its gold stupid.

Point and figure (PnF) charts draw price waves with the sum of volume per wave. PnF charts high light true accumulation underneath price action. This is why Richard Wyckoff favored PnF charts.    

In the charts below we see price moving sideways to down, yet volume on up waves are greater than volume on down waves. At the moment there is no heavy selling on down waves. Or in other words price is being moved down at a low volume expense to allow accumulation at a lower price.

This action represents professionals building their bullish position over time. They do have to sell volume to get price down so they can buy more at a lower price. Simply, sell 10 @ $1 and lower to buy 12 @ $0.90, rinse and repeat, and yes their overall position grows. In the end the professionals will have a position of size for greater profit (to learn more please study Richard Ney work within RTT Plus library).

POINT: So long as heavy selling does not occur then gold and silver ETF's are being accumulated. Even if heavy selling does occur, we watch for even large buying to offset it. So far gold and silver action remains bullish and the period time passed suggests accumulation activity is near the end and a mark up will most likely follow. Keep watching between Nov 2021 and Jan 2022.



Chart 1 - Gold ETF


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Gold




Chart 2 - Silver ETF

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Silver



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NOTE: Posts here are the lite version, more depth on each subject can be found via our RTT Plus membership.

Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to ride the change, after all these methods have been used successfully for 70+ years. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

.."At long as a stock is acting right, and the market is right, do not be in a hurry to take profits"..

Jesse Livermore Trading Rule


My experience has been that in successful businesses and fund management companies, which performed well over the long-term, some courageous decisions were taken. Courageous fund managers reduce their positions when markets become frothy and accumulate equities when economic and social conditions are dire. They avoid the most popular sectors, which are therefore over-valued, and invest in neglected sectors because being neglected by investors they are by definition inexpensive. The point is that it is very hard and that it takes a lot of courage for a fund manager to avoid the most popular sectors and stocks and to invest in unloved assets. Finally, every investor understands the principle ‘buy low and sell high’, but when prices are low nobody wants to buy.

Marc Faber




.."The first rule is not to lose. The second rule is not to forget the first rule"

Warren Buffett


.."It Ain’t What You Don’t Know That Gets You Into Trouble. It’s What You Know for Sure That Just Ain’t So"..


Mark Twain

.."A businessman cannot force you to buy his product; if he makes a mistake, he suffers the consequences; if he fails, he takes the loss. If bureaucrat makes a mistake, you suffer the consequences; if he fails, he passes the loss on to you"..


Ayn Rand




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We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a very sound market opinion. These attributes are mutually inclusive and must be weighted equally before investing or trading in any Stock, ETF, Currency, Bond, Commodity, CFD or Mutual Fund



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