Tuesday, November 3, 2020

Gold and Silver Supercycles Explored

Heading into what will likely become one of the biggest events in American political history on November 3, the US stock markets are holding up quite well on Monday, November 2. My team and I have published a number of articles recently suggesting we believe wild price swings and increased volatility is to be expected before and after the US elections. 

We have even suggested a couple of stock trades that we believe should do fairly well 60+ days after the elections are complete. Right now, we want to bring your attention to the Silver Junior Miners ETF (SILJ).

The current Pennant/Flag formation that is setting up in SILJ on the following Monthly chart has peaked our attention. Diminishing volume and moderately strong support above the $12 price level suggest key resistance near $15.05 will likely be retested as metals and miners continue to attract safe-haven capital after the elections. The Apex of the Pennant/Flag formation appears to be nearly complete – a breakout or breakdown move is pending. We believe the uncertainty of the elections will prompt a possible breakout (upside) price trend in the near future....Continue Reading Here.



Stock & ETF Trading Signals

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