All systems go for metals markets according to our seasonal forecasting algorithm. Should be an interesting week ahead! $SI $SI_F $GC $GC_F $SLV $GLD $GDX $GDXJ
Seasonal model is forecasting a powerful year end rally in metals extending until 2/24/24. Stay tuned to ChartForecasts.com $SI_F $SLV $SI $GC $GC_F $GLD
Seasonal model is forecasting a powerful year end rally in metals extending until 2/24/24. Stay tuned to ChartForecasts.com
$SI_F $SLV $SI $GC $GC_F $GLD
Have to say our seasonal model called last weeks silver sell-off just as everyone was screaming for higher prices. It also called the sharp rise just before that. If things keep tracking were looking for a tradeable low December 18th, leading to a massive rally thru Q124.
June is one of the weakest months of the year for gold and silver seasonally speaking... for that reason and others, we are forecasting a rejection of silver at current $22 level and expect lower prices for the next 30 days. $GC_F, $SI_F, $SLV, $GLD
June is one of the weakest months of the year for gold and silver seasonally speaking... for that reason and others, we are forecasting a rejection of silver at current $22 level and expect lower prices for the next 30 days.
Keep a close, close eye on crude oil.
If it breaks out (and stays there), we are likely entering a (painful and even more expensive) new chapter.
If it fails and breaks down, the worst of inflation may be behind us.
An important clue will soon reveal itself...
#sentimentrader
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