Gold Mauls The Dollar & Silver Stocks Soar

Fear can be a more powerful emotional force than greed. Investor buying into a parabolic move like bitcoin is experiencing now can end with tears. 

I’m a happy seller of some bitcoin for gold right now, although I am buying some particularly interesting “alt” coins that could surge dramatically higher.

Investors who wasted too much time ranting about U.S. politics and Corona missed out on buying the stock market at my important Dow 18,300 price zone. 

They also missed buying gold at numerous key areas that I highlighted emphatically.

My suggested new year’s resolution for 2021 is to focus much less on the extortion racket known as government, and much more on what is happening at key weekly chart price zones for the dollar versus gold.

(Click on image to enlarge)

fabulous GOAU ETF chart

Some investors panicked last week when the ETF made a distribution. The price dipped, but only by the amount of the distribution.

The bottom line is that the chart looks solid, a breakout appears imminent, and stoploss enthusiasts can place a stop at $19.40 or $18.80.

The next positive event to look for is an Edwards and Magee pattern of higher minor trend lows and highs, and that could come into play later this week.

(Click on image to enlarge)

SIL silver stocks ETF

 SIL already has a nice pattern of higher minor trend lows and highs in play.

(Click on image to enlarge)

On the monthly charts, silver stocks are staging major bull flag breakouts.  If the SIL ETF pushes above $50, and another huge flagpole move to the upside should follow. Clearly, the time is now, for investors to make money in the metal markets, with a solid allocation to hi ho silver!

1 2
View single page >> |

Special Offer For Website Readers: Please send me an Email to and I’ll send you my free “Get Jacked With Gold!” report. I cover key ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.