Monday, September 18, 2017 5:22:02 PM
The week starts with a metals smash.
Pretium smashed as well.
I'm still looking at stuff from today. Silver smashed down. I've made this chart too messy to see the 200ma and 50 ma closely here, but look at the 20ma around 17.56...I think we will see a bounce in silver as it hits the 200ma today...a bounce back to the danger resistance at the 20ma 17.56 and the shoulder peak at 17.75 area, and then another smash downwave that takes silver below the 200ma,and from there the 200ma will become a resistance line that keeps silver down below 17 and spends the next weeks and months falling back to target 16 area to end the year.
The rally target zone I was seeing in silver was the 18.50-19.00 area, especially around 18.60.
same pattern with gold, a retest of the previous topping zone at 1377 area.gold was doing better than silver. so the gold topping zone looked like a retest of last years high,while I saw silver topping around 19 resistance peak. but IF the cartel has started the slam down earlier, then it might be happening now.
In either case, because I don't look for technical targets to hold support ,in this rigged market, I expect to see the round numbers get retested, not silver holding at 17, but silver retesting 16.00 and maybe falling to 15.75 area. I'm ok to call it the 16 target zone. there will be no bullish wave pattern or momentum thru 2017 to end the year. same with gold. I could be wrong. but I'm not buying silver here at 17. nor gold at 1300. will wait for gold at 1200 and silver at 16 , all over again.Its nothing but a suppression game. still under Cartel control.
all the analysts who are continuing to shout Gold and silver to the moon, that now the exciting time has come, and the end has arrived...I don't buy it. I'll believe it the day before I see it.
What you can see by watching the intraday and daily price action in the metals...is suppression and manipulation and maintaining control. Bargains are not here in the middle (1300 gold) (17 silver) bargains are more like 1200 gold and 16 silver. and I see no clear bullish momentum in these charts. silver in fact has a very poor looking chart pattern, having made lower lows in 2017 and lower highs so far. gold ,having stopped now at 1362 ,lower than 1377, has the possibility of capping at the 1362 and beginning another downwave to target 1200-1160 area or as low as they can take it. last time was a slam to 1124. wow. what manipulation. how will they achieve it this year? the only folks who would buy this pullback at 1300 are folks who think gold is making a rally wave and a bullish trend changing rally pattern. I remain highly suspicious of that notion. My main belief now is that the Cartel MUST cap and control gold under 1400 and silver under 19. silver not so critical as gold. with silver they are just suppressing it, seems they do it more easily,than with gold. gold is more delicate to the global currency. silver is the peoples money and they aren't ready to worry about silver right now, they just suppress it to make people focus on buying silver instead of gold, keeping silver price more "attractive", while manipulating it lower and staying down. it will fall again to test 16 later on. Gold is the game everyone is interested in, and Capped at 1362 so far. My target zone for the capping was 1350-1390 area,centered around the double top at 1375.
Pretium smashed as well.
I'm still looking at stuff from today. Silver smashed down. I've made this chart too messy to see the 200ma and 50 ma closely here, but look at the 20ma around 17.56...I think we will see a bounce in silver as it hits the 200ma today...a bounce back to the danger resistance at the 20ma 17.56 and the shoulder peak at 17.75 area, and then another smash downwave that takes silver below the 200ma,and from there the 200ma will become a resistance line that keeps silver down below 17 and spends the next weeks and months falling back to target 16 area to end the year.
The rally target zone I was seeing in silver was the 18.50-19.00 area, especially around 18.60.
same pattern with gold, a retest of the previous topping zone at 1377 area.gold was doing better than silver. so the gold topping zone looked like a retest of last years high,while I saw silver topping around 19 resistance peak. but IF the cartel has started the slam down earlier, then it might be happening now.
In either case, because I don't look for technical targets to hold support ,in this rigged market, I expect to see the round numbers get retested, not silver holding at 17, but silver retesting 16.00 and maybe falling to 15.75 area. I'm ok to call it the 16 target zone. there will be no bullish wave pattern or momentum thru 2017 to end the year. same with gold. I could be wrong. but I'm not buying silver here at 17. nor gold at 1300. will wait for gold at 1200 and silver at 16 , all over again.Its nothing but a suppression game. still under Cartel control.
all the analysts who are continuing to shout Gold and silver to the moon, that now the exciting time has come, and the end has arrived...I don't buy it. I'll believe it the day before I see it.
What you can see by watching the intraday and daily price action in the metals...is suppression and manipulation and maintaining control. Bargains are not here in the middle (1300 gold) (17 silver) bargains are more like 1200 gold and 16 silver. and I see no clear bullish momentum in these charts. silver in fact has a very poor looking chart pattern, having made lower lows in 2017 and lower highs so far. gold ,having stopped now at 1362 ,lower than 1377, has the possibility of capping at the 1362 and beginning another downwave to target 1200-1160 area or as low as they can take it. last time was a slam to 1124. wow. what manipulation. how will they achieve it this year? the only folks who would buy this pullback at 1300 are folks who think gold is making a rally wave and a bullish trend changing rally pattern. I remain highly suspicious of that notion. My main belief now is that the Cartel MUST cap and control gold under 1400 and silver under 19. silver not so critical as gold. with silver they are just suppressing it, seems they do it more easily,than with gold. gold is more delicate to the global currency. silver is the peoples money and they aren't ready to worry about silver right now, they just suppress it to make people focus on buying silver instead of gold, keeping silver price more "attractive", while manipulating it lower and staying down. it will fall again to test 16 later on. Gold is the game everyone is interested in, and Capped at 1362 so far. My target zone for the capping was 1350-1390 area,centered around the double top at 1375.
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