SILVER - SAFE HAVEN -
Added 2024-09-12 14:42:27 +0000 UTCECB cut their interest rates today by 0.25%, the Fed will likely react the same way, Silver and Gold react instantly to government rate cuts and I suspect that Silver and Gold will pop again when the Fed Rate Cut next week too
The instructions are simple with Silver, I am holding until the correction is complete and getting rewarded with healthy agins so far for doing so, making my cash work for me while we wait.
Silver has held on its 0.618 Fib twice now and above its 50 Day MA and about to test its triangle top line now at $29.45.
A break above here and the $30 level is next.
Comments
Also, silver seems to be lagging. Do you expect to see it testing the .5 fib before we see silver and gold moving in opposite directions for a few weeks\months?
Mohammed Mamoun
2024-09-12 15:35:13 +0000 UTCI am trying to see when we are going to see a pull back for wave 4.
Mohammed Mamoun
2024-09-12 15:31:08 +0000 UTCHas your target for wave 3 for gold changed or is it still around 2560? I think that the rate cut is already discounted, it was a matter of how much; 25 or 50. Now it seems more likely that 25 bp is what's going to happen.
Mohammed Mamoun
2024-09-12 15:29:00 +0000 UTCWhat do you mean by correction complete? How do you project that on the chart?
Seb
2024-09-12 15:00:57 +0000 UTCCan you chart the spot gold price as well? This is great info as I hold physical gold and silver. Thank you for all that you do.
slappindabass
2024-09-12 14:48:31 +0000 UTC
