The GSR is ready to breakdown from extremely overbought levels. We have a nice pinbar on a flag below a larger corrective pattern right now at historical highs. We also had wide ranging up bars on friday on many metals stocks. This could mean a rocket ride for precious metals especially silver and silver mining shares. What happens next depends on the FED meeting tomorrow and im thinking Powell is going to disappoint. Do they really want crAPPLE and other stocks going any higher right now? Silver stocks are putting in a nice bottom right now on very negative sentiment. See my other posts for recommendations how to participate in this coming rally. I also expect cryptos to be putting in a top any day now as well.
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Gold is in the final bottomming phase now getting ready for liftoff!
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Bullish triangle formation for gold and silver , long term buy signal.
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H&S pattern showing on weekly chart.
The smart money is accumulating mining shares right now especially junior mining shares which will be like BTC going forward. If you want to miss the boat on the best investment in history then just ignore what im saying right now.
I continue to recommend shares of undervalued junior mining shares especially those with large silver reserves such as USA.