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Created on: 5/30/2020 3:37:19 PM Last Update: 5/30/2020 3:46:42 PM Posted by: RTT
WARNING: This entry is 278 days old. It may contain broken links, out-dated or misleading content. Please read on with caution.
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Silver volume says something is near boiling point
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 Fundamentals are important, but they must show up in the chart. And when they do and if they may matter, it is a good sign if price and volume waves show a change of character.
The Point and Figure chart below is readtheticker.com version of PnF chart format, it is designed to highlight price and volume waves clearly (notice the Volume Hills chart).
Silver ETF volume is screaming at us! The price volatility along with volume tells us those who have not cared, are starting to, those who are wrong are adjusting, and those who are correct are loading up. Soon the kettle will blow and the price of silver will be over $20.
Normally silver suffers in a recession, maybe this time with trillions of paper money being created real money is the fundamental factor which becomes a higher priority over the demand for silver use in industry.
Click for popup. Clear your browser cache if image is not showing.
The silver short term cycle (red) looks like the bottom is in, while the longer term cycle (black) looks higher into the next 24 months.
Click for popup. Clear your browser cache if image is not showing.
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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.
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...
.."Successful tape reading is a study of force. It requires the ability to judge which side has the greatest of pulling power and one must have the courage to go with that side"..
Richard D Wyckoff
The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.
Basketball Legend Michael Jordan.
.."Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs"..
George Soros
..."The four most dangerous words in investing are 'This time it's different' "...
John Templeton
.."Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected"..
George Soros
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