gold news

 Well, it broke out. And here's here's two simple methods of determining, well, where might you go? If you look at an arithmetic chart, which is what people punch up on their screen, dollar on the side, you know, dollars on the side, but not logarithmic or ratio scale, you see this four bucks to 50, four bucks to 50. You broke out. But when you measure the thickness of that perfect rectangle and do the orthodox technical analysis thing, you got a range, call it 45 bucks, five bucks to 50, call it 0 to 50 if you

want. Add 45 or 50 bucks to $50 and that's your swing objective, the thickness of the prior range. Well, you'll remember back a few weeks ago, we had a struggle going on for a week or so. [music] Gold has been holding strong near recent highs. Silver just went through a violent shakeout. Yet, instead of collapsing, buyers stepped right back in. At the same time, the dollar is weakening. Commodities across energy and metals are breaking into new bull phases and mining stocks are quietly gaining

momentum. According to Michael Oliver, this wasn't a crash. It was a midpoint reset before something much bigger begins. And once you understand the technical signal behind it, the next move in gold and silver could surprise almost everyone. Let's break down what's really happening. Are you curious about investing in gold and silver, but feel held back by fear or confusion? This ebook is designed especially for new investors who want clarity, not complexity. It breaks down gold and silver trading strategies in a simple,

practical way. No jargon, no hype. Why wait? Hurry up. Please visit this link to get your copy today and use code MRJGZBY for a huge discount. More than 1,000 people took the first step with this ebook, and today they're living proof that smart investing changes lives. Start investing fearlessly, wisely, and with a clear strategy. >> In the low to mid90s. In other words, there were a lot of sellers there saying, "Hey, we've we've met the arithmetic swing objective. I'm

getting out." Okay. And then all of a sudden, boom, good 121. So, it's evident now. Okay. getting to 121 means the old arithmetic ratio or arithmetic swing objective was invalid. Okay. But when you put silver on a logarithmic scale chart a ratio and you measure the dimension of that 50 half century range from the bottom of that range to the top of that range was a 10fold gain. >> Mhm. >> You bought silver four or five bucks and it went to 50. Four or five bucks went to 50. Wow. T-fold game back and forth.

>> If silver matched the 1980 high, I haven't done the math. I bet it's like 4 or 500 bucks just to match. >> Yeah. >> 1980. So, >> no. >> Talk about, oh, was that the top? Even using simplistic methods. No. By going way beyond the arithmetic goal, it's saying, hey, maybe I'm going to the ratio scale goal. well up in the 34500 range. That's what we think is about to happen. And we think this is simply a midpoint gut kick, not a top. Now, originally back February 2016, we said

gold's turning up and silver, you know, that was the bottom for silver. Okay, fine. But since then, we gave a couple other entry points that we considered good investment grade entry points based on momentum breakouts of silver and based on its spread relationship to gold. It was when you plot silver monthtomonth versus the price of gold and you plot that chart. What we do is we divide silver into gold, express it as a percent. So early last year, for example, silver was 1% of gold. Now it's

up toward two. Okay, nice move. But historically, if you go back a long way and plot that chart month by month, you'll see that for 10 years there was a ceiling on that relationship at a very low level. And we cleared that in November. And when we cleared that and silver broke out versus gold, in other words, no longer the dog. I'm going to lead now. Okay. That's what silver said. >> That was 50 bucks. Yeah. >> And and boom. Okay. What happened since? Okay. So, if your entry level was back

in June of last year where we had our first buy at 3479 or at that 50 buck level, yeah, you gave back some profits, but you didn't get any clear close to your average entry price. So, again, point of entry is very important and it probably [clears throat] affects the way a lot of people are thinking about this right now. when you look at short-term stuff, which is basically what that was. In other words, when we broke down really it was one day, think about it. You know, it was Friday and then we got min

minor follow through today, but basically one day uh when you look at long-term trend factors, technical stuff, we look at momentum, it was merely a storm without breaking anything. And there was there's no structure. It broke, no trend. It didn't even jeopard get there. Frankly, there are no real developed momentum, what we call momentum, trend structures that are anywhere nearby. And normally, and I say normally almost 90% of the time, whenever a market makes a top of significance and lasting or a

bottom, you'll be able to look at a momentum chart like a long-term momentum chart where you measure price, let's say, oscillated in relation to a three-year average or oscillated in relation to a 3/4 average or something fairly long term. You'll see structure on the momentum chart that says, "Oh gosh, there's a line. I better not break." And almost always when a top is made or a bottom is made, you'll find that the breakage occurs not very far in time or price from the high or the low.

This occurred for example 2011. We peaked and was September I think it was. We turned major bearish in December and then in January of 2012. Okay. Couple months off the high. Couple hundred bucks. And in fact, it labored for another year before it really fell apart. That's gold I'm talking about. >> And uh but the structure was if you looked at the momentum chart, you say, "Good grief, any idiot could draw that line." But it wasn't evident on a price chart, but it was a momentum. Same with

the bottom 2015 after the 50% bare market. Uh gold bottomed and when [clears throat] you looked at the annual momentum chart, not not the gold price chart, it kept just staircasing down a little bit. You know, it it slowed up, but you looked at the momentum chart, there was a chart pattern there. You say, "Good grief, look at that ceiling. It's 3 years wide. You keep going the same level." when you broke through it was February 2016 mere 90 bucks off the price low and two months after the price low

whereas when we look at the charts now gold or silver and run any long-term study there's no nearby momentum trend structure to even break >> and so we think it is merely a violent jiggle in the middle and I suspect it won't take a long time to recoup from it. Meaning you might be in new highs next next month or so. I think this the well we favor the miners over gold. And there's a level though that we haven't broken through yet. What we do is we measure the XAU index which is the

Philadelphia gold and silver index but it's miners. Okay. It goes back to the 1980s. So you got some history on it. We plot it in its relationship to an ounce of gold. And if you do, and you go back to look at 1980s, 1990s, 2000 until 2008 for several decades, if you divided XAU into an ounce of gold, you'd end up on average above and below a range of 25%. >> It reached up to 35% at one time and its lows during this multi-deade period when you plot the charts like a box. Okay, we're in the 17 18% level. You broke

through that in mid late 2008 and you collapsed that spread meaning the value of the miners to the what they get out of the ground. Okay, to 4%. Now think about that. Something that had lived in an average price versus it's the thing it gets out of the ground, gold or silver. Hit subscribe and stay one step ahead.