Silver Review - June 13, 2019
The folks in the federal reserve will debase the US dollar currency to an extreme degree, and this will finally lift silver off the floor. .
Note: Readers should re watch the silver back screen news video, here.
The following video looks at price action and Wyckoff logic:
Video length: 00:18:55
Chart in video:
(Click on image to enlarge)
If gold moves, silver will trickle up on its back.
Paul Tudor Jones states he likes gold :
.."The best trade is going to be gold. If I have to pick my favorite for the next 12-24 months it probably would be gold. I think gold goes beyond $1,400... it goes to $1,700 rather quickly. It has everything going for it in a world where rates are conceivably going to zero in the United States."...
The important take from the above is the messaging to the wider investor base that gold will be a likely choice for large funds, it will become the norm and not the exception. Gold is not a funny little yellow metal any more.
Caution: A bullish gold move is subject to a strong spike in the US dollar which may result from a sudden equity market crash.
More hard money fundamentals via Luke Gromen (Trade Ideas - Real Vision TV).
Ray Dalio talks weaker US dollar.
Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, Cycles, Wyckoff and Ney logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. To help you applying Richard Wyckoff and Richard Ney logic a wealth of knowledge is available via our RTT Plus membership.
NOTE: readtheticker does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
Investing Quote...
.."In a bull market your game is to buy and hold until you believe that the bull market is near it’s end. To do this you must study general conditions and not tips or special factors affecting individual stocks. Then get out of all your stocks; get out for keeps!"..
Jesse Livermore
..“It is much harder to sell stocks correctly than to buy them correctly.” Because of the emotional aspect of trading, if a “stock went up, the average investor would hold because he wants more gains – he’s exhibiting greed. If the stock declines, he also holds on and hopes the stock will come back so he can at least sell and break even – he’s hoping against hope”..
-Bernard Baruch
.."it is better to have few stocks and to watch them carefully”...
-Bernard Burach
...“People somehow think you must buy at the bottom and sell at the top to be successful in the market. That’s nonsense! The idea is to buy when the probability is greatest that the market is going to advance”...
-Martin Zweig (The inspiration behind a number of Martin Zweig’s methods came, from Jesse Livermore).
Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.
Warren Buffett
Disclosure: None.
Good videol