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| 11:30 AM | ||
| Users Online Now: 1,653 (Who's On?) | Visitors Today: 667,462 | |
| Pageviews Today: 1,064,785 | Threads Today: 417 | Posts Today: 6,113 |
| 11:30 AM | ||
Did ya notice gold and silver today? Hmmm? | |
| Anonymous Coward User ID: 78424353  United States08/16/2020 07:51 PM Report Abusive Post Report Copyright Violation | |
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| Anonymous Coward User ID: 79247814 United States08/16/2020 08:27 PM Report Abusive Post Report Copyright Violation | What is this "major policy change" that Bloomberg reports The Fed is actively considering? In a move away from their oft-stated "dual mandate", The Fed is preparing to change their policy to allow for an overshoot of inflation, above and beyond the current goal of 2% per year. Will this policy change be announced next week? Maybe. Will it be announced in September? More likely. Will it be announced before year end? Almost definitely. [link to www.sprottmoney.com (secure)] It is our belief that Gold will initiate another upside measured move, quite likely in correlation with a weaker US Dollar, that will target the $2,160 level next. After that level is reached, a brief pause in price will happen before another upside measured move will target the $2,400 level. This upside move is likely to happen before the end of January 2021... Silver has also moved in a series of Measured Price Moves that correlate with Fibonacci Price Amplitude Arcs. The current Measured Move level, near $27.50, was reached on August 6, 2020. In fact, Silver rallied to a peak level of $29.91 the next day before peaking, rotating downward (retracing), and moving lower to close at $27.54 (almost exactly at our Measured Move Level). When we add the Fibonacci Price Amplitude Arc analysis to these Measured Move structures for Silver, we quickly come to the conclusion that support near $27.50 should prompt another upside Measure Move targeting the $32.50 level. Beyond that, we can clearly see targets near $37.50 and $42.50. We do believe brief periods of congestion will take place throughout these upside Measured Moves – so pay attention to how price reacts near these targeted levels. Additionally, pay attention to any future price weakness in the US Dollar as that will relate to the speed and volatility of the upside price moves in Gold and Silver. [link to www.thetechnicaltraders.com (secure)] |
