People have such short-term memories. There is a growing dollar shortage worldwide. Demand + Scarcity => Higher price.

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😉 #DXY

I have begun layering into #Silver miners, even if Silver goes a little lower from here.

An education for all on how the Comex works...

I think it's safe to say that #Silver is extreme oversold in the short-term...

Retail selling #Silver near the bottom, ahead of a big move north imho. Typical. "Buy low, sell high".

If the #DXY can rally above the recent peak at ~100, we would have 5 waves up off the bottom at 96, confirming the bottom is in place. However, if goes lower from here, it becomes an A-B-C correction and we're heading down to a lower low.

3 options in #Silver 1. ABC pattern with A completed, peak in B still to be determined, then down in C 2. Silver back-tests the trendline to 39.50-39.60 or even a double top, then down it goes. 3. Silver has bottomed and going much higher. (lowest probability at this time)

$GDX broke out of its bull flag but it is now becoming extreme overbought on both the RSI and MACD Histogram. It can still go higher. I don't recommend shorting or buying here.

#EUR continues to test 1.16. A big deal for #DXY, If it breaks through, down goes DXY. But if it fails and turns back down, up goes the DXY imho.

I spend half my time on X trimming the weeds, aka fake analysts. Sigh.

$GDX... This is NOT bullish, quite the contrary imho.

$GDX is maximum bullish, the most since Aug 6 2020, when GDX peaked at ~44 and proceeded to fall to 21.50, a drop of over 50%! History may not repeat but it certainly rhymes.

$GDX is maximum bullish, the most since Aug 6 2020, when GDX peaked at ~44 and proceeded to fall to 21.50, a drop of over 50%! History may not repeat but it certainly rhymes.

#Gold #Silver $GDX Watch the #DXY

This is global. #Depression ahead. US stock market crash the signal in October?

Courtesy of Silver Surfer 🇷🇺 If $DUST can get back to that zone in blue that would put GDX around 45.