Gold and Silver Chart
Looking at the market turning to focus on miners
My aim with this letter is for myself to refine my thoughts on the gold and silver market and hopefully coming bull market in these metals.
Looking at the gold futures chart we can see 3 attempts to break above 2100 hence the main resistance minor resistance stands at 2000. A break above 2100 should propel the metal to much higher value over the year.
From my reading of other commentators we could see a bull market for 4 years from now. Which to me means this year could be the lowest in gold ever.
Silver has a longer base around 22-24 and resistance on my chart is mainly around mid 26 level and mainly 28 after which we can see a massive gap to 34 or even higher. Silver has a lot going for it asa green metal needed for the massive shift to decarbonisation.
Both metals are set to take off or breakout or even breakdown. However seasonally August to Sept is breakout for the metals into Oct/Nov
I am looking into miners for the seasonal rebound.
Disclaimer
All views are for educational purposes only. This is not investment advise in any form or way.