EmptyEternity

Silver Miners pop, down and then launch

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EmptyEternity מעודכן   
BATS:SILJ   Amplify ETF Trust Amplify Junior Silver Miners ETF
I feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).
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Bounce off the Bollinger band before repelling against the opposite wall

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200ma is the same spot
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The weekly smart money shows this could easily come back down at a very alarming percent 100%

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So far it's adhering to the pattern. Silver also has a pattern so I expect miners to top out tomorrow or early next week in case this comes to fruition.

Be sure to hedge right here for silver, there's a decent chance we don't make it past $30 for this go around until July...
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So far so good. If this operates like a fractal, and miners sell off (possibly due to a flash crash - which will bounce and allow the FED to ease so Biden gets reelected), then this is what happened last time.
Down 15 in one month, retraced 10% over 2.5 months, major down thrust 75% that took one month - following a 400% increase within 5 months.

Simplified it was down 55% in 5 months and catapulted 400% for the next 5 months.
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It took 8 weeks for the flash crash to happen after the market topped, due to a pandemic. If that's calculated starting next week then we have until July 15th until something pops...
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It could be one or a combination of these three things:

1. Pandemic2 Birdflu or Monkeypox
2. Japan selling treasuries to save the Yen OR their JGB's (they can only pick one)
3. China devalues like 2015
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I think there's much more room to go down from here - I'm seeing dark pool selling in all the major miner indices ( NUGT , JNUG , GDX , GDXJ ) and dark pool buying in
DUST and $JDST. Check out my newest threads for the pictures of the charts in the comments...
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Same setup - will history rhyme again???
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I hope you all hedged! Already down 5%+...
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Bearish MACD crossover has happened 3x since 2011 and has cratered everytime since!

x.com/InvestingAngle.../1798203165361442927

Silver will follow lower
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Damn! I love it when a plan comes together! I mean you guys see this is repeating right? Wild stuff...


I expect around $10.42 before a bounce and then liquidation.
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Are miners smelling a sell-off? GDX , GDXJ AND SILJ are all down...
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Man history sure does rhyme...
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But I thought China was buying silver??? Don't believe all the narratives...

x.com/TFMetals/statu.../1801061791218168124
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