Simon
@smugtrader.bsky.social
It's true: Charts help to predict the future ~ “Untethered from Gold, the dollar floats on a sea of hope & guesswork”. Nothing here is financial advice 🇬🇧
#Platinum (as well as Silver) looks phenomenal here, recently breaking out of a multi-year consolidation box. My service is Long Platinum & Silver:
June 12, 2025 at 5:51 PM
#Platinum (as well as Silver) looks phenomenal here, recently breaking out of a multi-year consolidation box. My service is Long Platinum & Silver:
Gold's Monthly looks even more exciting over the Short, Medium & Long term than it did in March 2024 😎
January 28, 2025 at 12:17 PM
Gold's Monthly looks even more exciting over the Short, Medium & Long term than it did in March 2024 😎
Silver Roadmap for the rest of the year, taking the sedate path 😎
June 18, 2024 at 10:07 PM
Silver Roadmap for the rest of the year, taking the sedate path 😎
#Silver Sentiment is something I'm monitoring now, 70 is a little higher than I would like at this stage of the Gold Cycle (Gold's reading is a bit lower). I would like a drop over the next week or so. A drop to $26 should cool it, $25 would be ideal. See the high in 2020 👇
April 16, 2024 at 7:20 PM
#Silver Sentiment is something I'm monitoring now, 70 is a little higher than I would like at this stage of the Gold Cycle (Gold's reading is a bit lower). I would like a drop over the next week or so. A drop to $26 should cool it, $25 would be ideal. See the high in 2020 👇
Silver Monthly updated... Silver has now eaten through the high-Volume areas (see original chart, left side bars). It's not going to take much to progress higher in my view.
These next 2 weeks are going to be extremely interesting.
These next 2 weeks are going to be extremely interesting.
March 16, 2024 at 11:46 AM
Silver Monthly updated... Silver has now eaten through the high-Volume areas (see original chart, left side bars). It's not going to take much to progress higher in my view.
These next 2 weeks are going to be extremely interesting.
These next 2 weeks are going to be extremely interesting.
OK, so now we have a new Gold ATH of 2149.
Yes, very bullish.
However, factor in, I dare you, the fact that we are in... checks notes...13 (!!) days into this new Weekly Cycle.
We are at THE front end of a move that I believe will last approximately 4 months in uptrend.
Yes, very bullish.
However, factor in, I dare you, the fact that we are in... checks notes...13 (!!) days into this new Weekly Cycle.
We are at THE front end of a move that I believe will last approximately 4 months in uptrend.
March 6, 2024 at 3:33 PM
OK, so now we have a new Gold ATH of 2149.
Yes, very bullish.
However, factor in, I dare you, the fact that we are in... checks notes...13 (!!) days into this new Weekly Cycle.
We are at THE front end of a move that I believe will last approximately 4 months in uptrend.
Yes, very bullish.
However, factor in, I dare you, the fact that we are in... checks notes...13 (!!) days into this new Weekly Cycle.
We are at THE front end of a move that I believe will last approximately 4 months in uptrend.
Gold Miners Bullish % Index Versus Gold on the weekly is showing a truly rare contradiction.
Gold weekly Futures at it's Closing All Time High. Yup.
Hopefully you get the message now?
Gold weekly Futures at it's Closing All Time High. Yup.
Hopefully you get the message now?
March 3, 2024 at 1:01 PM
Gold Miners Bullish % Index Versus Gold on the weekly is showing a truly rare contradiction.
Gold weekly Futures at it's Closing All Time High. Yup.
Hopefully you get the message now?
Gold weekly Futures at it's Closing All Time High. Yup.
Hopefully you get the message now?
SILJ - My favorite ETF out there.
It happens to be Silver Junior Miners, and the sheer HATRED here is palpable. Buy & Hold.
It happens to be Silver Junior Miners, and the sheer HATRED here is palpable. Buy & Hold.
March 3, 2024 at 12:34 PM
SILJ - My favorite ETF out there.
It happens to be Silver Junior Miners, and the sheer HATRED here is palpable. Buy & Hold.
It happens to be Silver Junior Miners, and the sheer HATRED here is palpable. Buy & Hold.
The Gold chart that told me to trade without hesitation 👇
March 2, 2024 at 4:05 PM
The Gold chart that told me to trade without hesitation 👇
GOLD - *A very important post regarding Precious Metals*
Yesterday's move did not catch me out - I have been Long Gold from 2045 (29th February). But Friday has made the chart into something that traders & investors should act on.
This could well take us to $2500 & beyond-Just in this weekly cycle.
Yesterday's move did not catch me out - I have been Long Gold from 2045 (29th February). But Friday has made the chart into something that traders & investors should act on.
This could well take us to $2500 & beyond-Just in this weekly cycle.
March 2, 2024 at 10:47 AM
GOLD - *A very important post regarding Precious Metals*
Yesterday's move did not catch me out - I have been Long Gold from 2045 (29th February). But Friday has made the chart into something that traders & investors should act on.
This could well take us to $2500 & beyond-Just in this weekly cycle.
Yesterday's move did not catch me out - I have been Long Gold from 2045 (29th February). But Friday has made the chart into something that traders & investors should act on.
This could well take us to $2500 & beyond-Just in this weekly cycle.
Silver Monthly arc.
The wick is testing support, but still In-Play 👀
The wick is testing support, but still In-Play 👀
February 28, 2024 at 10:51 PM
Silver Monthly arc.
The wick is testing support, but still In-Play 👀
The wick is testing support, but still In-Play 👀
Gold:
A strong week last week in Gold. However, next week I would be surprised if we don't see weakness.
3 things to mention:
~Bollinger Bands are racing into a pinch. We know what happens when these get rapidly constricted..
~Multi-Week BF being formed.
~About to enter the timing band for an ICL.
A strong week last week in Gold. However, next week I would be surprised if we don't see weakness.
3 things to mention:
~Bollinger Bands are racing into a pinch. We know what happens when these get rapidly constricted..
~Multi-Week BF being formed.
~About to enter the timing band for an ICL.
February 25, 2024 at 12:50 PM
Gold:
A strong week last week in Gold. However, next week I would be surprised if we don't see weakness.
3 things to mention:
~Bollinger Bands are racing into a pinch. We know what happens when these get rapidly constricted..
~Multi-Week BF being formed.
~About to enter the timing band for an ICL.
A strong week last week in Gold. However, next week I would be surprised if we don't see weakness.
3 things to mention:
~Bollinger Bands are racing into a pinch. We know what happens when these get rapidly constricted..
~Multi-Week BF being formed.
~About to enter the timing band for an ICL.
Gold-Weekly, appears to be forming an uber-bullish multi-week flag formation.
Initial price target of the measured move would be $2275 in June-July, before ICL in August. I'm expecting this to be the start of a multi-month, multi-cycle bullish year of higher highs in Gold😎
Initial price target of the measured move would be $2275 in June-July, before ICL in August. I'm expecting this to be the start of a multi-month, multi-cycle bullish year of higher highs in Gold😎
February 18, 2024 at 1:23 PM
Gold-Weekly, appears to be forming an uber-bullish multi-week flag formation.
Initial price target of the measured move would be $2275 in June-July, before ICL in August. I'm expecting this to be the start of a multi-month, multi-cycle bullish year of higher highs in Gold😎
Initial price target of the measured move would be $2275 in June-July, before ICL in August. I'm expecting this to be the start of a multi-month, multi-cycle bullish year of higher highs in Gold😎
#Gold:
No changes needed.
We are in the last Daily Cycle in this weekly cycle. I am expecting DC4 low & ICL in the last week Feb/1st wk March. Price could breach the 1940 support or could just test it.
That will be an excellent point for the most serious Long allocations since 2020 😎
No changes needed.
We are in the last Daily Cycle in this weekly cycle. I am expecting DC4 low & ICL in the last week Feb/1st wk March. Price could breach the 1940 support or could just test it.
That will be an excellent point for the most serious Long allocations since 2020 😎
February 18, 2024 at 12:44 PM
#Gold:
No changes needed.
We are in the last Daily Cycle in this weekly cycle. I am expecting DC4 low & ICL in the last week Feb/1st wk March. Price could breach the 1940 support or could just test it.
That will be an excellent point for the most serious Long allocations since 2020 😎
No changes needed.
We are in the last Daily Cycle in this weekly cycle. I am expecting DC4 low & ICL in the last week Feb/1st wk March. Price could breach the 1940 support or could just test it.
That will be an excellent point for the most serious Long allocations since 2020 😎
Silver against the buffers (arc) but still very much in-play. Next Months candle is going to be interesting.
February 3, 2024 at 11:49 PM
Silver against the buffers (arc) but still very much in-play. Next Months candle is going to be interesting.
Gold: New Daily Chart expectations. As USD now starts it's new IC bounce, expect Gold to drop in to it's DCL. It wont be long before initiating Longs again. Gold Monthly/Weekly/Daily are all extremely constructive charts, forming great foundations for a tremendous 2024😎
December 29, 2023 at 12:16 AM
Gold: New Daily Chart expectations. As USD now starts it's new IC bounce, expect Gold to drop in to it's DCL. It wont be long before initiating Longs again. Gold Monthly/Weekly/Daily are all extremely constructive charts, forming great foundations for a tremendous 2024😎
An important Gold chart showing sentiment over the last 4 years.
Medium term sentiment readings are not elevated at all, at 58 it's a long way from the heights seen in early August 2020, for example.
Far from frothy.
Medium term sentiment readings are not elevated at all, at 58 it's a long way from the heights seen in early August 2020, for example.
Far from frothy.
December 20, 2023 at 9:59 AM
An important Gold chart showing sentiment over the last 4 years.
Medium term sentiment readings are not elevated at all, at 58 it's a long way from the heights seen in early August 2020, for example.
Far from frothy.
Medium term sentiment readings are not elevated at all, at 58 it's a long way from the heights seen in early August 2020, for example.
Far from frothy.
#Silver:
Lots of peeps asking for a Silver chart - well here you are.
Only the believers will make the big money though ;)
$50 by mid 2024? Yup.
Lots of peeps asking for a Silver chart - well here you are.
Only the believers will make the big money though ;)
$50 by mid 2024? Yup.
November 25, 2023 at 5:56 PM
#Silver:
Lots of peeps asking for a Silver chart - well here you are.
Only the believers will make the big money though ;)
$50 by mid 2024? Yup.
Lots of peeps asking for a Silver chart - well here you are.
Only the believers will make the big money though ;)
$50 by mid 2024? Yup.
NXE.TO NexGen #U308 Finding fresh ATH's and looking very strong having broken out of the 2 month inverted Head & Shoulder pattern this week. Short, Medium & Long term hold 😎
November 23, 2023 at 5:20 PM
NXE.TO NexGen #U308 Finding fresh ATH's and looking very strong having broken out of the 2 month inverted Head & Shoulder pattern this week. Short, Medium & Long term hold 😎
Today's candle looks a decent contender for a reversal on the Gold chart. Looks bullish.
November 7, 2023 at 11:00 PM
Today's candle looks a decent contender for a reversal on the Gold chart. Looks bullish.
On the subject of extremely bullish looking Precious Metals charts, bell-weather, and king royalty-streamer, Wheaton Precious Metals, WPM, looks interesting having broken short term resistance on a closing basis...
November 5, 2023 at 4:33 PM
On the subject of extremely bullish looking Precious Metals charts, bell-weather, and king royalty-streamer, Wheaton Precious Metals, WPM, looks interesting having broken short term resistance on a closing basis...
Do you really need to be an experienced technical analyst to surmise #Gold is on the verge of a historically significant breakout?
*Watch this space*
*Watch this space*
November 5, 2023 at 4:11 PM
Do you really need to be an experienced technical analyst to surmise #Gold is on the verge of a historically significant breakout?
*Watch this space*
*Watch this space*