SILVER - Easy Rider

10 Tem 2019

While Gold printed a big rally in May and June, Silver was just lagging.
The XAUXAG ratio near to all time highs.



I think it's time for Silver to catch up and make a huge rally in the second daily cycle of this precious metal intermediate cycle. Silver's ICL occured on the 20th of May while Gold's ICL was on the 2nd of May, so it printed the ICL 3 weeks later than Gold.


It seems the DCL was just a flag on the Silver chart.

The XAUXAG ratio should drop down to 86 in the following weeks.
Silver might test the 17-17,5$ zone by September overperforming Gold in this second daily cycle.

15 Tem 2019

Not

Silver is on the cusp of the breakout from the flag:

15 Tem 2019

Not

Broke out:

16 Tem 2019

Not

We have the follow through day.

16 Tem 2019

Not

Despite a strong dollar, despite the good data, Despite Gold in minus today Silver broke out powerfully

16 Tem 2019

Not

XAUXAG ratio...

16 Tem 2019

Not

In hindsight it looks like an obvious easy trade. But in real time it looked like silver would be worthless soon.

17 Tem 2019

Not

We are at the multi year trendline:

17 Tem 2019

Not

If this breaks...

17 Tem 2019

Not

18$ is coming...

17 Tem 2019

Not

Don't forget that silver can easily print 1 or 2 $ up days .

22 Tem 2019

Not

Banks are fighting hard to stop the metals rally. But silver seems unstopable. It will
Lead the sector breaking the bank manipulation;