Follow me here on TW for my regular critical updates on crypto (BTC, ETH, SOL, MSTR) and metals (GLD, SL, PL) based on Martin Armstrong's Socrates.
Martin just posted on the private blog for Pro subscribers:
I'm paraphrasing here: "The pattern in Gold of the last few days has him worried that next week could be a LOW instead of a HIGH implying that War will break out sooner rather than later thus getting a CYCLE INVERSION in Gold where it does not make a HIGH in February and it continues moving higher into March. He thinks that the rally in metals has been fueled by geo-politics and war plus short-coverings of large losses mainly in Silver. There could be a further drop to $4300-$4500 this coming week".
That being said, I mentioned in my prior Idea that Silver is showing a FEBRUARY PANIC CYCLE, so, perhaps we get a one-way move from $70 back up to $120 and no further drop back down to $70 with a continuation into March.
I'm suspecting that Monday opens strongly higher then makes a lower low mid-week with a further rally end of the week or starting next week.
We'll find out soon enough.
Good luck and stay safe! 🙏🏻
Martin just posted on the private blog for Pro subscribers:
I'm paraphrasing here: "The pattern in Gold of the last few days has him worried that next week could be a LOW instead of a HIGH implying that War will break out sooner rather than later thus getting a CYCLE INVERSION in Gold where it does not make a HIGH in February and it continues moving higher into March. He thinks that the rally in metals has been fueled by geo-politics and war plus short-coverings of large losses mainly in Silver. There could be a further drop to $4300-$4500 this coming week".
That being said, I mentioned in my prior Idea that Silver is showing a FEBRUARY PANIC CYCLE, so, perhaps we get a one-way move from $70 back up to $120 and no further drop back down to $70 with a continuation into March.
I'm suspecting that Monday opens strongly higher then makes a lower low mid-week with a further rally end of the week or starting next week.
We'll find out soon enough.
Good luck and stay safe! 🙏🏻
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.